I was the capitalist (then a modest one, indeed) of our concern.

All depended upon me.

My brother with his wife and family, Mr.Phipps and his family, Mr.Kloman and his family, all rose up before me and claimed protection.
[Footnote 31: Colonel Thomas A.Scott left the Union Pacific in 1872.
The same year he became president of the Texas Pacific, and in 1874 president of the Pennsylvania.] I told Mr.Scott that I had done my best to prevent him from beginning to construct a great railway before he had secured the necessary capital.

I had insisted that thousands of miles of railway lines could not be constructed by means of temporary loans.

Besides, I had paid two hundred and fifty thousand dollars cash for an interest in it, which he told me upon my return from Europe he had reserved for me, although I had never approved the scheme.