Telegram-herald., 1890-06-14
THE OBSERVER


B.P Hatca rs1a. OF ll--2so. makes
nllllaons IN Is 81 aesls p aaes,, ara
runs tAoasza6s IL 81 eon6 de WAS
olce 3 cotblsr 4u8 = n9R 3 Crosses
Prles VI Spectators.
Nay a. Tie avs q oar country eli
los saca ulsu ~ deal "a tle uls9aa.
unseen o. tie uareaPeat II zl-9ae1 t9
contaas II vlil result "a me r1l u
fAra.rs. aat aot orly oul farmers tlt
our honest b9saess men. I1e exam r.e
has become dangerous sn4 unworthy
II continued recognition
Speculation ia tie money, gram or
sGock markets of the world : very
uncertain occupation, ia "A-cA tlOus-
ands tzli 70 one that succeeds huleh-
usou. tne man who mas created such q
sensation by conducting singte-hsncsd,
and uuaided sucA great corners Iu
wheat, - a. 20 attract tie attention
Of tue tw0 continents, is tne one WHO
succeeds, 70 the thousands VINO fall.
Business OF this kind is nonpr0decuye,
and 4 one gains. hls LelghLOT - sure
90 lose. Yet some men can learn use
ful lessons from such a career. 10
teaches them what can De accom- plshed
by untrng energy, good Judgment
nerve, and unda united courage, anu z
used iu the Tgnt direction, Tor g0ot,
tic same Will result ln lasting blessing
10 our country and rs inhabitants.
Mr. IT. began his business career ln
N0r.h Reading. Mass, ln small store,
about forty years ago, at so year.
liz, duties were 70 look after the store,
and when not busy, be put himself %
the meuQlug Of old shoes. lie proved
faithful, and showed au ambition of
getting on. After a tune las employer
permitted him 10 transform an Old
saed INTO a kind of q store Tor himself, a.,
900 which he made boots and shoes ON
hls own account. tie managed not %
lose. but instead came out \ little ahead
at the end OF each week. Every Satur-
day he would 20 70 Lynn on loot 70
buy stock and sell the shoes le had
made. lie steadily increased hls busl-
ness and employed several boys TO
assist hlm. He paid them ia trade.
Thus early, . Is said, he began 10
develop hls speculative abilities.
After a time he moved his small
BUSINESS to Lynn, Itbelng a larger town.
While there, he discovered that money
could be made IN the commission busl-
ness, and during 1850 he entered upon
the chosen vocation IN Boston From
that city ne moved 10 Milwaukee, the
then leading gram center OF the north
west. Latter on trade changed IN favor
OF Chicago, and he changed with II. by
moving 10 that city, where ne engaged
IN the wheat commission trathc. IL is
said that he has been a hard worker all
his HE and has become very wealthy.
In conversation with men who know
him well, and are familiar with hIs
| mode OF operation, they say that DC
made about s. ,C00. 900 in n single deal
A son OF Mr. IL. is president of large
! bank OF Chicago. and IS also president
Of the Board of Trade, and SAID 10 be
his fathers special pride.
Mr.. Hutchinson has proven himself
| in several instances, more than equa
| to English capitalists, aided 10y Wall-st
| spectators, who had undertaken &
| bear the Chicago wheat market to un
natural depressed prices. But Mr.. Ii
| came to the rescue, and by courageous
| lv buylnC millions of bushels, saved thC
home trade, and in the end took in the
foreign capital. Foreign speculator!
have since avoided hlm TO a great ex
tent. If the cereals of our country
could be placed on market, on the
legitimate basis of "supply and de
mand," instead of buying and selling
/ that which was never sOwn, seen no
reaped, it would prove blessing to al
| concerned.
The Holland Christian Reformed