Arizona silver belt., 1891-05-09
The Downsa,, of "oia Hatch. ]"

u'asor of Chicago, has caused good deal of surprise. A special dispatch to the Globe Democrat says: Hutchin- son has been the largest speculator that ever lived, but, like all others who play the game too long. his star has i gone down. For the past two yeess he has been on the down grade. Being a man of iron constitution and of wonder ful brain power he neglected his health, and by excessive dissipation has broken down physically and mentally and f. nancially. and IS now only q shadow of 1 his former self. At one time he had over $5,ooO, 900. Within the past two years his losses aggregate over g., ,000,- 900 and in the last three months over S300, GOO in excess of his winnings. which have at times been heavy. He made settlement with his family about the first of the year, and then had S750,000 Now ke is regarded as financially embarrassed. His liabilities are large, but his assets sufficient to pay in fall His books were e,el last nj sht, with about 2,j1O, 900 bushels grain moderate quantity of provis- ions. Many of his trades show profits which nre regarlnd as sufficient to pay al loss. Most of his trades were closed out hy his brokers CD the advice of his soHs. Hi blg lozs has been iii corn, he having 2,519, uJ) bushels through his own house and with brokers. Most of Ii shows loss of Ga, and some more. It ~as all closed cut to-day. He buck- ed against Leopold Bloom, who wac heavily sLort, but the weather aud big receipts made the market too weak aud the last named operator has come out in tue past three days a big winner. Brokers whohaye handled Hutehinsou's business say tiay ail' lose nothing by
  the closing out of his trades.
 Beni ?. Hutchinson was born in Massachusetts sai is 6 yeaH old His first venture ia tlo commercial line WIS as q oobbler ia Lynn, Mass After building up fair buaiuesa he failed in 1852. He came West and aettiai in Milwaukee, and vas known for years by the old fnrmags as the "bastsd Lynn shoemaker" His brother Was then B large commission man in Mil wsakea and helped Ber, wha. H ls57, came to Chicago and entered the grain and provision trade hcre, where he hl5 since rsnAinal He hal oua part ngr alter another until it seemed that the old man was cr lad been Ejxea ap si5h almost everybody in s0Ae form of partnership. At one time as pork packer ho was second only to ?. D Ar- mour. "Huteh'sn forte, however, SC med to be commissions, and ho coHl sec through these with wonder fui elavcrn ss II was real ast4ta agent, and always apparently with the same remarkable success Whatever he undertook he seemed to have the ge- nius CT faculty to carry through, and he did. Mir. Hatclnnsons interest in pork packing ceased long ago. For the laat five CT six years he had devoted | s attention exclusively to the grain trade Ho was worth millions, and speeulnted from pure love of excite meut 1t furnished him. Though he toasted that he never ran a corner, some of his big deals looked suspicious ly like squeezes of that sort. In one of these, known as the "Hutchinson deal, he made about S3,000, 900. Although very close in some respects, there have been mauy times when had he not bought and supported tie market. a panie would have resulted. There are many firms on the board to-day who have indirectly been helped because they were so embarrassed that their failure would cripple others. His faults were numerous, but he is not without 11ahy good qualities. His family relations have not been pleasant, due to his eccentricities