FIRST DAYS IN WALL STREET 41 



certain paper at six per cent for his account, 

 allowing his brother to take for himself whatever 

 commission he could obtain from the makers of 

 the paper. This commission w r as five per cent on 

 short time notes, but high as it made the cost of 

 the cash, it was only a fair return for the risk of 

 the principal. The transaction saved from bank- 

 ruptcy a house then prominent which afterwards 

 became great. The big bonus belonged to the 

 capitalist who contributed the cash, but in this 

 case he conceded it with full knowledge and good 

 will. 



Mr. Marquand was not a member of the Stock 

 Exchange, but had arranged with a firm con- 

 nected with that body to receive a rebate of one- 

 half the commission on business which he brought 

 to it. Of course at the present time a member 

 of the Stock Exchange who proposed to split the 

 sacred eighth would be drawn and quartered by 

 order of the Governors. 



Our first order to be filled on the exchange was 

 for fifty shares of Milwaukee and Mississippi 

 R. R. Co. I use the first person, because that's 



