On the occasion of a call at the office, one of them asked if it would not be practicable in some way to buy to better advantage? We explained to him the terms on which the business in importation lots was done. If we were in a position to buy our supplies direct in large lots, as importers, paying cash against the documents on arrival of the steamer, and then await discharge of cargo, after which would come weighing up in small lots and making shipments, we could afford to sell at lower figures, but we had not the capital to do the business. He then suggested that the difficulty of lack of capital could be surmounted by making our sales on terms of payment of approximate amount with order. I was so eager for business that I probably did not give to the possibility of loss to me in carrying out such a suggestion the consideration it should have had. At all events, we mailed a few letters to customers explaining the matter, and a business on this basis was commenced and quickly grew to large proportions. This fact made it dangerous, for the larger the business the greater the risk. We had to continually have an interest in the market either on one side or the other, and if the business was large our interest must be in proportion. For some time the business was most satisfactory. My judgment of the market was correct, our customers were well pleased, and we made good profits. I was greatly encouraged with the outlook and believed my troubles were at an end. During this period a certain large interest used our office as a medium for some market manipulation, and while this was going on that interest stood behind us in this business. Then came the other side of the story. We made losses. The market went against us when our interest in it was considerable, and the losses, not a large amount, still, were to us staggering. Compared with the business we had been doing, there were but few contracts outstanding. We tried to complete them. The material had arrived, we arranged to have it weighed up, and it was invoiced, but we could not make the shipments. Just as events culminated there came to me in a most unexpected manner an opportunity for a connection in another line of business which promised large and almost immediate results. I was through with the struggle in my own trade. Without large capital it was useless to go on; and even with this, the business had been so cut into by the trusts, the opportunity for making money was far less than in the earlier years of my career. In the new line I would meet with strangers and must of necessity carry with me no complications. I believed in a comparatively short time I could make enough money to pay my creditors and with that end in mind I embraced the opportunity. To my wife I said simply that my affairs had become involved, and then started on the journey to my new field, many hundreds of miles from New York, leaving her to adjust the old matters, with my aid, through correspondence.