This was not explained to me by the director who talked with me before I left for London.

Unfortunately, when I returned to New York I found that the entire proceeds of the bonds, including my profit, had been appropriated by the parties to pay their own debts, and I was thus beaten out of a handsome sum, and had to credit to profit and loss my expenses and time.

I had never before been cheated and found it out so positively and so clearly.

I saw that I was still young and had a good deal to learn.

Many men can be trusted, but a few need watching..