Friday, August 28, 2009
Monday, August 24, 2009
Hyderabad NIZAM banknotes,coins,musham3@gmail.com,
Although Hyderabad was founded less than 500 years ago, archaeologists have unearthed Iron Age sites near the city that could date back to 500 BC.Approximately, a 1000 years ago this region was ruled by Kakatiyas. Muhammad Quli Qutb Shah, a ruler of the Qutb Shahi dynasty the ruling family of the Golconda, previously a feudatory of Bahmani sultanate that declared independence in 1512, founded the city of Hyderabad on the banks of the Musi River in 1591;to relieve water shortage the dynasty had experienced at their old headquarters at Golconda. He also ordered the construction of the Charminar, the iconic monument of the city, in 1591, reportedly in gratitude to the Almighty for arresting the plague epidemic before it did irreversible damage to his new city.The Mughal emperor Aurangzeb captured Hyderabad in 1687and during this short Mughal rule, Mughal-appointed governors of the city soon gained autonomy. In 1724, Asaf Jah I, who was granted the title Nizam-ul-Mulk ("Governor of the country") by the Mughal emperor, defeated a rival official to establish control over Hyderabad.During this short Mughal rule, Mughal-appointed governors of the city soon gained autonomy. In 1724, Asaf Jah I, who was granted the title Nizam-ul-Mulk ("Governor of the country") by the Mughal emperor, defeated a rival official to establish control over Hyderabad. Thus began the Asaf Jahi dynasty that ruled Hyderabad until a year after India's independence from Britain. Asaf Jah's successors ruled as the Nizams of Hyderabad. The rule of the seven Nizams saw the growth of Hyderabad both culturally and economically. Hyderabad became the formal capital of the kingdom and Golkonda was almost abandoned. Huge reservoirs, like the Nizam Sagar, Tungabhadra, Osman Sagar, Himayat Sagar, and others were built. Survey work on Nagarjuna Sagar had also begun during this time; the actual work was completed by the Government of India in 1969. The wealth and grandeur of the Nizams is demonstrated by the fabled Jewels of The Nizams which is a tourist attraction.The state was richest and the largest among the princely states of India.The land area of the state was 90,543 mi² its population in 1901 was 50,073,759. It enjoyed an estimated revenue of £90,029,000.
The Chowmahalla Palace was the seat of the Asaf Jahi dynasty and was the official residence of the Nizam.Before 1947, Hyderabad was under the suzerainty of the British Crown but was not part of British India. In 1947, at the time of the independence of British India and its Partition into the Union of India and the new state of Pakistan, the British abandoned their claim to suzerainty over the Princely states and left them to decide their own future. The Nizam, because of Islamic leanings, wished either to remain independent or to accede to Pakistan.However, for the Indian Union, this was unacceptable from the strategic perspective. Nizam's efforts also triggered the largest agrarian armed rebellion in modern Indian history, the Telangana Rebellion. To deter the Nizam, Indian union chose to implement an economic blockade which made the state of Hyderabad to sign a Standstill Agreement with it. Nizam's intransigence compelled Indian Union to use military force against the landlocked princely state of Hyderabad. This operation, termed Operation Polo, was successful and on 17 September 1948 the Nizam signed an Instrument of Accession to the Union of India
For big image click on picture
Grand Duchy of Lithuania,ZEMAITU banknotes odd 4 LITAA,
Samogitia historically was an autonomous region in the Grand Duchy of Lithuania, although it lost this status once Lithuania was annexed by the Russian Empire following the Third Partition of the Polish-Lithuanian Commonwealth in 1795 as a part of the Vilna Governorate. In 1843, the region was incorporated into the Kovno Governorate, with a minor part of it being attached to the Courland Governorate. Since then the region has not had a separate political status, although there have been some plans to administratively reform Lithuania into the traditional ethnocentric regions.
Currently Samogitia is represented by the Samogitian cultural society, a group interested in preserving Samogitian culture and language, and the Žemaitijos parlamentas (literally Parliament of Samogitia), which concerns itself with regional autonomy based on historical claims. These claims often include the Klaipeda region in the interwar and would claim Klaipeda rather than Telšiai as the capital. The same group, led by Justinas Burba and having a small membership, has also published the controversial newspaper Žemaitijos parlamentas, which raised the idea that the European Union should repay Samogitia for its defense of Europe against the Mongols. For more information see this bloghttp://indianbanknotes.blogspot.com/2009/08/bank-note-flag-of-samagotia-nation.html
Currently Samogitia is represented by the Samogitian cultural society, a group interested in preserving Samogitian culture and language, and the Žemaitijos parlamentas (literally Parliament of Samogitia), which concerns itself with regional autonomy based on historical claims. These claims often include the Klaipeda region in the interwar and would claim Klaipeda rather than Telšiai as the capital. The same group, led by Justinas Burba and having a small membership, has also published the controversial newspaper Žemaitijos parlamentas, which raised the idea that the European Union should repay Samogitia for its defense of Europe against the Mongols. For more information see this bloghttp://indianbanknotes.blogspot.com/2009/08/bank-note-flag-of-samagotia-nation.html
Thursday, June 18, 2009
SALEM BANK NOTE PART2 musham3@gmail.com,
Because of the power the Salem District Union Bank amassed, the British Crown agents began to suppress it, fearing that the Bank had anti-British intentions. These fears were not entirely without ground since the Bank was doing more for the people in this district than the Crown and they felt the pressure of the independence movement (athough it did not come for another half century).
Continuing to expand, a new building of the Salem Urban Bank Ltd. was inaugurated by the Prince of Mysore on 11 April 1932 at a site that cost 15,000 Rupees with a construction that reportedly cost 45,000 Rupees, a huge sum at the time.
The Salem Bank subtly exhibited an anti-British and pro-Indian stance and as a result, the deposits began rolling in. Then, under tremendous pressure from the British Government, they discontinued all development schemes including the issue of the popular 1 Rupee note, which they reluctantly withdrew, never to be issued again.
Although the results proved how important these local programs were to the community, they presented too much of a threat to the Crown's authority. The Bank eventually stopped the anti-liquor drive, dismissed the doctor who was treating the leprosy patients and discontinued the Kiddy Bank program altogether.
It is believed that all of the 1 Rupee notes were destroyed by the Bank under the pressure of the British Crown, save the surviving example shown above. This is the earliest reported instance in India where a Bank issued a banknote unilaterally for the benefit of poor and initiated other important social programs that had a significant impact on the local people. Unfortunately the Salem Bank closed its doors during World War II. This phenomenon studied by visitors from other parts of India, Ireland and the U.S.A. is one of the earliest examples of a successful local currency program.
India, Khadi Hundi
Of historic similarity to the Salem note is the Khadi Hundi, dedicated to Mohandas Karamchand "Mahatma" Ghandi who helped poor women spin Khadi cloth to improve their lives. Interestingly, the Andhra Bank of Andhra Pradesh re-instituted their Kiddy Bank program in 2007 allowing children from ages 10 thru 18 to open and manage their own accounts, capitalizing on the new economic prosperity of India.
MD We gratefully acknowledge Indian numismatist Musham DamoCLICK to go to Ardash Coins & Stampsdhar of Adarsh Stamps & Coins for submitting the above image and background information. Please visit his website:postalindia.wordpress.com
http://philanumiscom.blogspot.com [u can see list of 300+ rulers dynasty ancient coins in this blogs.ask for list
http://oldindianbanknotes.blogspot.com/
http://indianbanknotes.vox.com where you will find a wide array of numismatic, philatelic and other unique material.
This site also includes a very interesting history of playing cards, including the ancient Ganjifa Indian playing cards. Musham Damodhar also has a blog where you can find information about his son, who has been certified as the youngest accomplished stamp collectors in the world. Email: Musham Damodhar
Continuing to expand, a new building of the Salem Urban Bank Ltd. was inaugurated by the Prince of Mysore on 11 April 1932 at a site that cost 15,000 Rupees with a construction that reportedly cost 45,000 Rupees, a huge sum at the time.
The Salem Bank subtly exhibited an anti-British and pro-Indian stance and as a result, the deposits began rolling in. Then, under tremendous pressure from the British Government, they discontinued all development schemes including the issue of the popular 1 Rupee note, which they reluctantly withdrew, never to be issued again.
Although the results proved how important these local programs were to the community, they presented too much of a threat to the Crown's authority. The Bank eventually stopped the anti-liquor drive, dismissed the doctor who was treating the leprosy patients and discontinued the Kiddy Bank program altogether.
It is believed that all of the 1 Rupee notes were destroyed by the Bank under the pressure of the British Crown, save the surviving example shown above. This is the earliest reported instance in India where a Bank issued a banknote unilaterally for the benefit of poor and initiated other important social programs that had a significant impact on the local people. Unfortunately the Salem Bank closed its doors during World War II. This phenomenon studied by visitors from other parts of India, Ireland and the U.S.A. is one of the earliest examples of a successful local currency program.
India, Khadi Hundi
Of historic similarity to the Salem note is the Khadi Hundi, dedicated to Mohandas Karamchand "Mahatma" Ghandi who helped poor women spin Khadi cloth to improve their lives. Interestingly, the Andhra Bank of Andhra Pradesh re-instituted their Kiddy Bank program in 2007 allowing children from ages 10 thru 18 to open and manage their own accounts, capitalizing on the new economic prosperity of India.
MD We gratefully acknowledge Indian numismatist Musham DamoCLICK to go to Ardash Coins & Stampsdhar of Adarsh Stamps & Coins for submitting the above image and background information. Please visit his website:postalindia.wordpress.com
http://philanumiscom.blogspot.com [u can see list of 300+ rulers dynasty ancient coins in this blogs.ask for list
http://oldindianbanknotes.blogspot.com/
http://indianbanknotes.vox.com where you will find a wide array of numismatic, philatelic and other unique material.
This site also includes a very interesting history of playing cards, including the ancient Ganjifa Indian playing cards. Musham Damodhar also has a blog where you can find information about his son, who has been certified as the youngest accomplished stamp collectors in the world. Email: Musham Damodhar
salem bank note india
We all know what a bank does. It accepts our deposits, makes loans and carries out other financial activities. But is that what the mission of a bank should be? Or should a bank step outside of its traditional roles and focus on the social needs of its members? These are questions that the founders of the Salem District Urban Bank Limited asked themselves. And in 1904, during the British occupation of India, a small group of Madras Presidency locals came up with a unique approach to banking - do what is right for the people they serve.
So with this backdrop, Sir P. Rajagopalachari, the first Registrar of Madras Central Bank, became the key figure driving the establishment of the Salem District Urban Bank in Tamil Nadu, India. As India's first cooperative bank, its initial focus was to help the poor by promoting savings but as we will discover later, it also had bigger ideas. The Salem Bank was inaugurated on 6 January 1904 with 16 members and a share capital of 1,000,000 Rupees and was presided over by the Government of India.
A novel approach was used by printing an initial quantity of 10,000 One Rupee "banknotes" and distributing them free to local patrons along with a savings box, similar to the Kiddy Bank scheme (helping kids save), as a way to encourage all poor people to start saving.
The 1 Rupee note was issued as a local currency receipt for the purpose of helping poor people in the district of Salem. Not intended to be a true circulating currency note, it could be redeemed 24 hours after presenting it to the Bank. As might be expected, this 1 Rupee became very popular and within a few months of issue a curious thing happened - it began passing from one person to another as happens with normal circulating currency.
With their success in helping the poor, the Salem District Union Bank governors set their sights on other pressing problems of the era. They initiated a local campaign to prohibit the use of liquor and encouraged people to save their alcohol money. Next came an anti-leprosy drive, in which the Bank hired its own leprosy doctor, an efficacious move.
So with this backdrop, Sir P. Rajagopalachari, the first Registrar of Madras Central Bank, became the key figure driving the establishment of the Salem District Urban Bank in Tamil Nadu, India. As India's first cooperative bank, its initial focus was to help the poor by promoting savings but as we will discover later, it also had bigger ideas. The Salem Bank was inaugurated on 6 January 1904 with 16 members and a share capital of 1,000,000 Rupees and was presided over by the Government of India.
A novel approach was used by printing an initial quantity of 10,000 One Rupee "banknotes" and distributing them free to local patrons along with a savings box, similar to the Kiddy Bank scheme (helping kids save), as a way to encourage all poor people to start saving.
The 1 Rupee note was issued as a local currency receipt for the purpose of helping poor people in the district of Salem. Not intended to be a true circulating currency note, it could be redeemed 24 hours after presenting it to the Bank. As might be expected, this 1 Rupee became very popular and within a few months of issue a curious thing happened - it began passing from one person to another as happens with normal circulating currency.
With their success in helping the poor, the Salem District Union Bank governors set their sights on other pressing problems of the era. They initiated a local campaign to prohibit the use of liquor and encouraged people to save their alcohol money. Next came an anti-leprosy drive, in which the Bank hired its own leprosy doctor, an efficacious move.
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