The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-10-10
"OLD HUTCH"
The Monarch Of the Wheat Deal.
A Sketch OF the Man Who Made
the Corner.
Some of the Many Stories OF His
Many Sided Character.
How He Gave Warning to the OPP
orators He Squeezed
His Private Life And Aspirations-A
Close Economist, but With Chari-
table Impulses-A Man On
like Any Other.

The attention OF two continents has been
conferred on b. 7. Hutchinson-"Old
Hntch"-of Chicago, for the last twelve
DAYS, the man who has, single-handed and
unaidcd, conducted the great wheat
corner. lie not only conducted it 10 that
he is q beneficiary, but il is due to him to
say that at one time when IL was in the as-
condancy he eascd up the market and
averted what would otherwise have been
apanic. A well posted man said yestor-
day:
at is for this that Chicago, ~ a great
wheat and produce center, is indebted 10
Il. r, Hutchinson. When English CAPT
talists aided 10y Wall street undertook TO
make sewer of the Chicago market,
thinking that no one here hal the capital
os nerve TO back them down, Odd Hutch
came TO the rescue, aud by buying mill
ions Of bushels saved the trade at home
AMI in the end bagged the foreign capital
In the future, when Wall street goes into
aconspiracy with English capitalists they
will select some other market than Chi
cgo. They have had enough. This has
been the greatest thing for the Chicago
market that ever occurred"
The commercial world il familiar with
"Old Hutch" as spcculator and merchant
New England claims him M her offspring
taking cogniance Of him at the timo when
he began his career In North Reading
Mass, forty-six years ago, when he was in
the employ of Edwin Foster, country
merchant, at so year. When not 9th
erwise employed II was young llutchin-
sons duty 10 mend childrcn's shoes in the
rear Of the store. IA Zen did not receive
sufficient salary to satisfy him he obtained
permission 10 open boot and shoe shop
In his employers shed. Hero 10 inst
ovinced his talent for trading, always man
aging 10 get ahead Of the boys who started
oven with him. In 1850 be- found that
there was money in the commission bust.
ness, aud took hand In IL ON Pearl street
in Boston. lie remained there two years
and removed 90 Milwaukee. and from
there he came 90 Chicago. With his com
murcial history lUm that time 10 tho prs
ent every ChicIgnan il familiar. With |
his personal characteristics his pcculiafi. |
ties, and his oddities his own city IL not |
entirely familiar, az tho subjOincd stories |
will show
There must DO something In the char
actcr Of II. J.. Hutchinson which people
do not understand" | sRid 10 a man who
has enjoyed the friendship and known the
psculiariiirs 81 Mr.. Hutchinson ior quar-.
Ter VI a century. Tell me something about |
him " YOU can that the pulh. aocsn't |
know, nnrnrthinr about him ~ hc soes
himself Tor no man can be ANYTHING.
"a H..
IN some of the houN IT bis existence ~
truc character"
~ mnn never fools himself. does hep"
answered the gentleman. II mean lac |
never fools himself on his own character |
isiics. ] dUnt believe Mr. liu,chinaun |
means iO fool anybody about bis chamr. /
'cr kI"w lee Doesn't fool himself 10 |
there ever wa q man who obryud tho |
poetic injunction know hysalf ID ~ d. L. |
Hutchinson. IL u the people who arc ~ |
blame IN this ease. They don't know the |
man.
ITO bc brief, the character ~ Mr..
Hutchinson iH kalcidcrnpic. ID h difficult
Ia understand such compound | admit
IL cquips O. personal acquaintance bus..
nvse acquaintance and "a cufslfy npuulirt.
ancc o. form an opinion ui SUCH q man"
Oliver Wendell Holmes IN his Auto.
cut of the breakfast Iahl" saws that
every man las "a sidc.duur lu h. character
and key ~ TO- The kew once obtained
the inference Is that thc man npp,ar. gs
he Il. II j. doubtful II one could Obtain A |
view Of Nj. Hutchinson II one hal IA, Loy /
a. bis silc-dllr Nuu must know him |
trom the lrunt door, the siic-d1or. aud by |
all Of the ciJui.uus paths that lead % him. |
over which hc passes ont h.ms,If from
umc 60 time in contacts with mon.
shall not undertake ~ quote m the
language oi 'hu gentleman who talked to
mc about MI Hutchinson. Ffum thlt
conversation | make The following ctl.
maze
Nr. liuichiuson's foundation eharlrtrr.
isuca are untiung activity. iust.lI.
ity 20 men Whom hr trusts irrituIH. AMI i
-icoplCHs determination. 10 b inmifiyr. /
Snmc months 1gl, when De- was confined
" hn huWg by uu accident. hu made a
NnNy 'i ih' ''fi. liiurl condition ui Oh.
No continents. Moe. MON iu the .,rk
lo,m employ thrIr umr trying 90 make
G''.l' '"lNl U.u W."'HIls Mr.. Hutch. /
U,'Nh .'htl ul DIS DOB .iHruur. That IA /
t'ds'''Ils'' "i him. Tho day came Ar /
n'u' ,p -' '.. I nr house H. ,lms in |
the Com lN,.anE bank and uu .iir, |
his son "tHUr" HIt d. bt,.,. ur /
world Il short oi WHEAT" H. Ii sI,.,.
rnirniious, M TIA; iu.s created nb m4rtaI
Impression.
Tie went over 20 the C,ntufy club s,,
down, and sent one thumb wh'rIius 6y.r
The other. Is be- ONru du.. wien a. l.
thinking anil said. "Thr world h ,I,a,t
on wheat no" remark did not crrit,
any common fbuw.
He went over 100 iha lulrl and maj ,i,
breaihless confusion oi that rI.rr A,
latherly tguc he uId BOYS. the World l
u short Of wheat
Tho surgins ea oi speculation t,H
surging Tho old mana yu.Hr IB.I ~ |
iect upon The Storm Let inc quote Inc
Informant
"llc hal studied the situation. II,
know he was right IT, bad sound.
tho alarm. Strange 90 AS, tlefp v,pa
men who knew him ns veil a. I. Who
heard han say lhis aud They know be- vas
no alarmist 90 riUaker, anil set they p1II
no attention t0 him. II ~ my opinion
That tho old man felt piqurd ut this ap.
parent disregard Of his iJfpcl.i. ne II,
ono Of the most sensitive men / ever
Know That h something which most
men VIII laugh al u the lime prints H.
But u u a TACT have known him 10 be-
tlnng by some light allusion in the press
70 ms personal appearance, habits or Chtr.
nclcnsucs. some Of The pictures that
nave been made Of him aud printed a,
caficatufcs have canspd him uain.
ne was sensitive, ] think. that his NJ. |
mara on The condition OF tho wofld'swheat /
crop did not cause any activity. He |
nl'Poo ABOUT u Tor two or three daVa and /