Cyclopaedia of Commercial And Business Anecdotes Comprising Interesting Reminis
Cyclopaedia of Commercial And Business Anecdotes Comprising Interesting Reminis
R M Richard Miller Devens
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Was the son of a wealthy banker in the country, and held, at the time of his introduction, money stock in his own name, though it actually was his father's, to the extent of 50, - 000. The reputation of being so rich invested him at once with great impor- tance as a banker. The 50, 000, after TRADE AND BUSINESS IMMORALITIES. 251 Mr. H. Had been some time a member of the house, was privately retransferred to his father, the real owner of it. For some time, and until he became per- fectly master ...of the rules and usages of the house, he acted with great pru- dence and caution, confining his transac- tions to small amounts ; but he even- tually began to astonish " the natives " for so the members of the stock ex- change are often called by the bold- ness of his manoeuvres. In a very short time he became the dread of all parties the bulls and bears were anxious to follow him ; but, like Rothschild, he evinced a disposition to act independ- ently of every person and every party. About this time consols were as high as 96 or 97.
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