Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1888-07-22

N
OF the finest equipagss in the Unitec
States are seen standing in the felt
while the races are IN progress.
DOCTORS AND LAWYERS IN wAbL STREET
The case OF ex-Surrogate Robert G.
Hutchings, which has letterly excited 81
much commentin New York, calls atten
ton not merely to the interesting cir
cumstspces attending his shameful down
fall but TO the fact that be is one OF con
siderable number Of professional men who
have become more or less distinguished
IN Wall street and elsewhere in the
business quarter Of the metropolis
Hutchings was the son OF q furniture
dekler who gave him legal educa
ton Tho young lawyer married TIE
daughter Of Richard r.. Connolly, the IN
famous comptroller OF New York under
the Tweed REFINE, and known every
where as "Slippery Dick, ;" the most de
spicable in bis svsrice and slyness of any
of the cO(cric that once piundered New
York with q high hand. With the
money derived from his marriage
and one million dollars left TO him
by the exiled comptroller, Hutchings
cut quite swath in Wall street,
where he was known as high
roller; :" that is to say, be did not
speculate on so large a scale as such
operators, for example, as Addison
Cammsck, but he would nevertheless
at times swing a line OF ten thousand
shares Of stocks, and for awhile he was
quite successful. Finally be met with
some reyerSes, as all spectators pure
and simple do The man of millions il
no stays in the gane long enough will
meet the fate OF the man with a few
hundred. BE has more money but lie
speculxtes on larger scale and can lose
more. Hutchings finally went to Pans
and be has been sent to an inrane asy-
lum there. He is still very wealthy and
bis relatives are qusrrelling over his
property about rs they would if he were
dead. HIS insanity, it ID said in Wall
street, is due to excuses.
A FHYgcIAN.
As to professional nen who drift into
/ speculative circles there was a physician
smong the shouting brokers Of the Stock
Exchange few years ago who met with
strange vtcissitudes. he had a wealthy
brother who greatly aided him, but
finally committed suicide at the old st.
Nicholas Hotel, on Broadway. The
brofer who was educated rs q physician
had no business capacity whatever, and
after his brothers death met with 90
many rsverses that he was obliged 10
sell sis scat ia the Stock Exchange. and
then step by step he descended the lad
dor until be became 4 conductor on q
strsot railroad. An old broker was thun-
dsrstruck at seeing him filling this posi-
ton, and said on leaving the car: "Ny
friend, am sorry for you, accept this, "
and no handed tho man who was once n
physician, then a well-knOWn figure on
the Stock Exchange, and at that mo-
ment ringing up fares on street car. a
liberal present.
Another physician, once well known
in Wall street, was DR.. Shelton. Every
night about 9 O'Clock man past seventy,
short and cadhverous, enters Delmo-
nicos Twenty establishment,
drinks bottle of beer, and then slowly
shuffios off homeward. 1t is DR.. Shell
ton, once as well known in Wall street as
Jay Gould is to day. He WAS one of the
famous speculative triumyirate com
posed Of jacob Little, Leonard Je-
rome, and himself. A man who
swung a line OF five thousand shares
was big operator before the war or in
the early days of the great struggle, and
that was about tho usual limit OF these
men. They oil met with revertes. Jacob
Little fell senseless in the board-room
when tho market struck him blow that
ruined him. Leonard Jerome was lured
into a speculation that cost him three
quarters OF million, and DIR. Shelton
did not escape unscathed. His son is on
the board, but he himself lives on what
ever Wall street has left him.
OTHER PERsOEALs.
Lawyers are we'll represented in New
York's financial world. Austin Corbin.
Alfred Sully, Clauncy N. Depew. and
S. V. White all received legal training.
Mir. Depew was formerly the head Of
the brokerage firm of Depew 4 Potter.
S. V. White made a moderate fortune as
lawyer at Des Moines, Iowa. He
passed his summer vacations at Saratoga,
where he met brokers who induced him
TO speculate in stocks. He did 50, and
lost so heavily for three or four years
that he finally found himself compars-
lively poor, whereupon lie decided to
come to New York, join the Stock Ex-
change, and get his money back. His
success has vastly exceeded his expecta-
tons.
DIR. Norvin Green, president Of the
Western Union Telegraph Company, was
once & practicing physician in Kentucky.
The president Of the Cotton Exchange,
J. H. Parker, Was formerly practlcng
medicine in Charleston. South Carolina.
He is a member of all the exchanges in
this city from tbs Stock Exchange down,
q bold but shrewd business man worth
million or moro.
Robert J. Wingsts, OF the Cotton Ex-
change, wss educated at West Point in
the days when the term was five years.
Like Edmund Clarence Stedman, the
poet, who had to leave Yale for some col
lege pranks. Cadet Wingate abbreviated
bis term little by reason Of the cele-
brated "Benny Ravens Oh" he wasin
the class with Sheridan. He was well
advanced in his studies and had an i'm
portant place on General A. p. Hills
staff in the Confederate army.
George Moore, the cotton broker, was
educated as a lawyer in Canada, and
Thomas Foote, in tho same business.
read law in Willard Fillmore's old Office
in Buffalo.
George b. Cocksey, the son-in-law OF
David Dow, the millionaire finsncier and
grain merchant, and who succeeded to
his business at the Produce Exchange,
was educated as q physician.
Samuel j. Tilden, who was so skiful
as railroad lawyer that he could charge
$50, 900 for drawing lease, was very
shrewd as Speculation, but in his latter
years he paid little attention to Wall
street When a broker suggested
tempting speculation the old statesman
would whisper "No; | have money
enough 40 there is no incentive to spec
ulation if | could make more, while at
the same time l should run the risk OF
losing.
As a rule professional men are success
fpI IN huainees hAcausA thev have heen