Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-04-30
A GRAND MORAL.
1t Can be Found in the Career
of Chicago's "Old Hutch"
MILLIONS WON IN A DAY
Take Wings and Go as Suddenly as They
Came, and Garry with Them Honor,
Fame and Mental Equilibrium.
Wandering Wreck.
Special to the Gazette.

Special TO the Gazette.
CHICAGO, Ill, April 2a.-B. P. Hutchln-
son, the veteran wheat speculator, known
the country over as ''Old Hutch" has been
missing since last evening, at which time
ne bid his friends goodbye, and sad ne
would never be seen again. He has many
open trades, and the many rumorS crcu-
lated in regard TO his disappearance greatly
disturbed the market. His son, Charles l.
Hutchinson, president OF the Corn EH,
change bank, and eX-president OF the Board
of Trade, says his father has been mentally
uusound for two wears A few months ago
it was reported that Hutchinson fortune
had been almost entirely dissipated IN spec
ulation. At that time number OF hutch
inson's friends and his son tried to induce
the old gentleman to give up speculation
and lead q quiet life, but the efforts met
with no success. HutchlnSon'S naolntles
are placed at $1,000, 600 to S3OOO,OOo: his
friends say the assets will exceed the la
bilities.
FURTHER PARTICULARS.
CHICAGO, Ill, April 29.-B. P. Hutchin-
son. the multiple millionaire grain specu-
lator, known nearly the world over as ''O!d
Hutch" is mysteriously missing. IT Is
supposed that he is demented and his ousl-
ness is q financial wreck.
Hutchinson left the city about midnight
last night, taking with him small satchel
and ticket to Pensacola, Fla. None OF his
friends or relatives appear TO have known
that he was going.
How he occupied his last hours in Chicago
has not been discovered, except tnat ne
paid lengthy visits to two of his favorlte
drinking resorts, at each place telling
the bartender on leaving not to expect to
see him again. 1t has been matter OF
common rumor on the board that business
misfortunes had unbalanced 'Old Hutch s.
mind His always eccentric conduct seemed
increasingly cratic For weeks at a time
his abode day and night has been his little
office adjoining the exchange. When some
time ago. it is said, his sons, in view
Of their fathers reported heavy losses,
following reckless trades, began to con-
slider the appointment of 4 conservator to
take charge Of his affairs, the old man
was furiously angry. More than ever ne
Isolated himself, and and on the board APP
peared to speculate for revenge rather than
gain. The dislike which he was said to en-
certain for certain members OF the board
seemed to settle into systematic hatred.
The moment it was definitely known that
Hutchinson had really disappeared from
he city, the operators who had deals with
him began calling on his representatives
Sor margins. Shortly afterward Nv. /.
Hutchinson, youngest son of the missing
Spectator, formally announced the fact that
his father was missing, and that neither his
family nor business associates knew the
old gentleman's whereabouts. This was
coupled with the information that as re-
suit the house could not put up any mar
gins for a time. The announcement caused
The widest excitement on the HOOP and The
market sharply declined. It was stated
that .sOld Hutch" was insolvent
aud that his liabilities would be
s., 900 900 in excess of his assets. On
The other hand, W. l. Hutchinson, while
saying, II think fathers mind is unbal
anced and that he has wandered away"
added. Il don't believe he is insolvent
When we can find how his affairs stand
nm confident everything will be paid in full,
dollar for dollar.''