MARKETS: Ex-Messenger Boy

A small, unassuming man—whose grammar is something less than perfect ("I never had no time for hobbies") but whose 37 years in the catch-as-catch-can grain brokerage business have made him widely known as the "honest Irishman"—was last week elected president of the Chicago Board of Trade.

John Gratin McCarthy, the "honest Irishman," went to work for a Board of Trade firm as messenger boy in 1903. He was 13 at the time and used to sneak out the back door of his home so the gang would not see him in his first pair of long pants. Before long he struck...

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