New-York tribune., 1891-04-30
"OLD HUTCHn DISAPPEARS.
THE FAMOUS sPECULATOR A MENTAL AND
FINANCIAL WRECK.
HIS GREAT FORTUNE LOST IN GAMBLING ON
THE CHICAGO BOARD OF TRADE-PENNI-
LESS AND A wANDERER-A TALK
WITH HIS SON.
WITH HIS SON

WITH HIS SON.
Chicago, April 2o.-B. P. Hutchinson, who has
for many years been unique and promi-
nent figure on the Chicago Board of Trade and
in banking and other financial enterprises, and
one of the Vests most famous Spectators has
disappeared, and taking into consideration recent
erratic actions it is feared he has broken down.
II is stated on the authority of those who are
on intimate relations with Mr. Hutchinson that
his mind is in failing condition, and that he
is now out of the business world for good. Just
before the recent break in corn. Mr.. Hutchinson
was known to be heavy buyer Since the
drop number of the houses with which he has
been trading have called for margins 1t is said
that the great operator appeared to take umbIage
at their action and has not only responded slowly,
but in several cases transferred his trades Yes
terday and this morning several houses closed out
Mr. Hutchinson's trades in the open market, on
account Of this failure to respond. To-day he
could not be found anywhere. He announced
some time ago that he intended 10 go to Florida
on vacation, and tris caused his relatives 10
inquire at the different railroad depots. Finally
it was learned that he had purchased ticket
for Pensacola at the Eastern Illinois station late
last night, but it was not known that he had
taken the train. Early in the evening he had
called on man with whom he had long been
friendly and bade him goOd-by. adding that he
would never be seen again.
All this caused many wild rumors of suicide and
bankruptcy, but Mr.. Hutchinson's relatives think
he has simply wandered away while temporarily
demented, and will turn up all right. The rumors
about his business affairs were definitely settled
this evening, when his son Isaac said to re-
porter
%ol
fairs on the Board have been going against him
We have hoped that he would be able TO tide over
but things have gone from bad to worse, and it is
no use"
"Then you admit that your father has failed !"
Il admit that he has suspended business but he
will be able to pay dollar for dollar. l do not
! think father will ever resume business"
"What is the amount of his outstanding ac-
counts?"
"Some $4,000, 900 in open trades alone. wish
to state here that my brother, c. L. Hutchinson
has had no business relations with father for the
last five years. The affairs Of his bank, the Corr
Exchange, will not be affected in the least by my
! fathers downfall. Some time ago we came to tht
conclusion that father was demented and We
thought of taking his business affairs out of hi
| hands and have a conservator appointed, but We
were advised to abandon this intention
| Father has been on the verge Oh run
for long time. We did our utmost to keel
the fact from the public"
DO you think your father has committed sui
cide?"
No. do not. 1 think that we will hear from
| him SOON"
1T is rumored about the Board that you
father has lost over S5,000,000 during the las
two years. and that he has made little money; il
| this true?"
Father has lost heavily and won little, but
do not think 1t is as bad as that The greater par
of his fortune has disappeared, but he will not b.
entirely penniless
Evansville to THE Sentinel" says: " The Chcag
speculator, B. p Hutchinson, arrived in this cit
this morning at rs, and left her at 2 :05 thi
afternoon for the South, over the Louisville anC
Nashville road. The agent at the station thinks
he bought ticket for Memphis, but is not Ger
| tain