Idaho news. (Blackfoot, Idaho) 1887-1891, 1888-10-13
lost C0NEIDkNCE IN HUTCH.


Deposits Frona FITS B0Hk.
Chicago dispatch: One OF the most
sensational features of the day happened
after the close of the board, when Abel
H. Bliss of the firm of A. H. Bliss 4
Co., one of the substantial commission
firms of the city, notified the Corn Ex-
change bank that he woWld Mt once with
draw his patronage and deposits.
Charles l.. Huiehinson, the presidentof
the bank, who is also president of the
board of trade, and is a son OF "Old
Hutch, Immediately sent for Mr.. Bliss
and asked what was the matter.
You have traded with us for a good
many years Mr.. Bliss" sail President
Hutchinson, ''and your father before
you dealt with VS. nm ut loss to
know why you should SO suddenly with
draw your patronage without any appar-
eut cause.
ANY man who runs corner on the
market, replied MIR Bliss, blazing up,
'and squeezes the life and blood out Of
the trade is no better than thief. Your
father, who owns 81 per cent of the
stock of this bank, bnilt Just such cor
ner and as | said | do rot consider my
money safe in the hands of thief.
Therefore, withdraw my patronage"
MIR Bliss went ON augriEy mt some
length, but denied that he was ~ loser
by the corner This evening he said
when asked about the matter that he
had no desire to create any bad blood
and would have said nothing to Mr..
Hutchinson had not the bank president
asked an explanation. ~ am not the
only one, added Mr.. Bliss, ''whO has
withdrawn from the bank because Of
the old mans uuprincipled actions.
know of at least three who have pulled
out within the past week"
Mr. Bliss decliaes 10 state what his
patronage amounted to, but a.contiden-
tial friend said the cash deposits of Bliss
II Go. amounted to $50 900. No state.
ment concerning the incident could he
had from President Hutchinson save the
information that the Corn Exchange
bank could get along comfortably with
ont the patronage Of Mr.. Bliss, the de-
posits Of the institution being a million
dollars in excess Of the total of year
ago.
During the day cold Hutch" drew out
Of the clearing house check for $780,
600 rs his profits on sales made Thurs
day. Not only was the amount Of this
check known. but the names of ten firms
were freely talked about, each Of which
had deposited in the clearing house n
check for $50, 600 These reports added
to prevailing excitement and an official
investigation as to how the information
got out will undoubtedly follow
Shortly after the board closed to-day
q rumor gained currency that one Of the
employees of the American National
bank of this city had left very sud lenly
with large amount OF funds. The fn.
gitiye was alleged to have been using
money freely on change in making
good his shortages in September wheat.
The sudden rise in the market, it was
asserted, had cost him not only every
cent of his own, but also a considerable
amount belonging TO the bank. The
officers of the bank declined at first to
either affirm or deny the report. The
troubles of the bank in connection with
the wheat corner attempted last year by
Harper, the wrecker of the Fidelity,
were recalled and formed the subject Of
much talk. Late tonight the PRESIDENT
authorized the statement that there had
been defalcatiOn, but that it would
not exceed IS, 900. The amount would
be made good tomorrow by the cul-
prit's friends. The president refused to
give the name of the offender.