d to be most frank and loyal in all his intercourse
with his superiors. The respect due to constituted authorities he
always used to consider, when he had become a man in active life, as a
sacred duty. He was in the habit of saying, in the words of the royal
philosopher, "Fear thou the Lord and the King, and meddle not with
them that are given to change." Whatever might be his private opinion
on any subject, he would in all his public and private transactions be
guided only by the decision of an acknowledged authority.

Montefiore did not remain many years at school. There was at that time
no prospect for him to enter life as a professor at a university, or
as a member of the bar. There was no sphere of work open to him in
any of the professions; and even to enter the medical profession would
have been difficult. There was nothing left for him, therefore, but to
enter a commercial career. He used often to speak about the days of
his apprenticeship in the business of one of their neighbours in
Kennington, and how hard he had to work; when subsequently he was in a
counting-house in the city, the hours were late, and he sometimes had
to take letters to the post on the stroke of midnight. There were no
copying machines, and all letters had to be copied by hand. He also
spoke of the great distance he had to walk every night from the city
to Kennington Terrace, during the cold winter months as well as in the
summer time. There were then no omnibuses or other conveyances at hand
such as we have now, and if there had been, he was of too saving a
disposition to make any unnecessary outlay on his own person; he used
to keep a strict account of the smallest item of his expenses. It was
not with the object of complaining, or of regretting his early mode of
life that he gave his friends these descriptions; his object was to
impress on the mind of the rising generation the necessity of working
hard and spending little, in order to make their way in the world.

By his habits of industry, by his strict compliance with the
instructions of his superiors, and more especially by his own clear
judgment in all matters connected with the business entrusted to him,
he soon succeeded in obtaining promotion.

Having had the opportunity of seeing business transactions among
brokers on the Stock Exchange, he decided upon securing for himself
the privilege of being one of the limited number of Jewish brokers.
According to the law of England at th