Telegram-herald. ([Grand Rapids, Mich.) 18??-1892, 1891-05-01
GONE DOWN TO DIXIE
sCid Hutch" Believed 70 Be Rus-
t,czring Il ria Everglades.
HIS ACCOUNTS ARE alDs SECURE
1hs Ola Priass - ths Pfs 10 Believed 60
- sea csnpss Meats a.as 80 ~
kssssE Lssses-aiz Exaet wLsrs-
abeats stsfl . nystsry.

been missing since Tuesday evening.
81 which time he bid a fTiend gooc-by
and said la would never &c ssea AGAIN
Be has many heavy open trades,
snd the nany runOrs circulated IN re-
gard "a his disappearance have greatly
disturbed ths market His son. Cha-ies
l. Hutchinson. president of the
Corn Exchange bank. and ex-pressdsnt
Of the Board CT Trade. says his
father has been mentally nnso1nd for
two years A few months ago 10 was
reported that Mr.. Hutchinson's fortune
had been almost entirely dissipafed IN
speculation. At that time . number
Of Mr.. Hatehinson's friends and his
son tried % indnee the old gentleman
90 give up speculation and Lead quiet
ssfe. but their efforts net with no sue
cess
IL Is reported Ia certain circles that
orfortunate 'plunging" has caused his
Disappearance. and that his liabilities
viii reach away Hp into the millions
bis son. Isaac Hutchinson. laughed
and said. Not for cent; every
dollar he owes viii be paid The only
trouble is that some margins are due.
don't intend 10 pay them until | get
orders from father. IL wouldn't be
safe. you know. Some Of the brokers
who have deals with him are closing
them out; others are carrying them at
their own risk But no one viii lose
cent. for when he comes back lie ii pay
everyb body be owes"
Later on young Hutchinson admitted
90 a reporter that his father Was
financially embarrassed Said he:
'.Father has been demented for some
dime Affairs on the board hare been
going against him. We have hoped
that he would be able TO tide
over. bat things have gone from bad 20
worse and il Is no use. l came down
here this morning and found that father
Rad not made his appearance. knew
chen that trouble was In store. i adj
uit that he has suspended business His
outstanding accounts amount to some
q, 500, COO Ia open trades alone. But he
will pay dollar for dollar. However,
do not think be viii ever resume bust
ness"
Homer d. Russell. of the commits
n
"Wednesday afternoon:
'Ar. Hatchinsoa has bought snd sold
Gsronga "a dgring tas last few mouths I. coo. DO
bushels each Of wheat and corn In these
Transactions hs lost rot more than 500 les
innate his losses during the last fourteen
months a. ROT less than 1900 .ooo The
largest anoaat lost by him n deal Was
ts0oco, when he acted IS tho Chicago broker
Tor sawyer Waliacs ~hea they attempted 20
corner PORK Siace then his losses have been
very heavy. although his present financial con-
oition. IN nag opinion. has been grossly ex,g-
gerasef. We place his obligations ~ 1850 900
and his available assets al s2aooO0. represent
fng net loss OF 500 con 1 am informed that
about four months ago he settled 900 ooo on
own uso about sEaoco. al! Of which believe
Ne haa lost since tha. time"
Dispatches from Evansville, Ind, and
Nashville. Tenn. state that Mr.. Hutch
inson had been recognized while pass
ing through those cities on . south
bound tram IL is known on leaving
Chicago ne purchased a ticket for PEN
saeola. Fla The announcement Of the
great Spectators disappearancs and
probable failure created furry on the
board of trade "Wednesday morning.
and the rnarke, suffered decided de-
cline. Later, on assurances from mem
bers Of his family that his affairs were
nj right. The market became easier.
The force in Hutchinson's office has
Tot far enough along % find tina. he
has ample funds 20 cover his trades
The amount OF the old gentleman s
losses are generally reported 70 have
been very greatly exaggerated. The
- - sulr k.0f1 ~
The matter. and IL il now definitely
stated tha. al the trades srs 20 be
settled at once.
Secretary Stone Of the board OF trade
announced from the balcony at the
morning session 20 the assembled
s'bails" and hears" that all open
trades Of r. p. Hutchinson & Co. wo uld
De assumed by c. Is. Condor & Co
This settles the solvsncv Of the famous
old speculator and entirely removes
fr0m the market any pressure.
C. r. Hutchinson said that he wa.
not making any great effort 70 locate
fis father. believing that he was al
right and would return 10 Chicago wher
he got ready. probably appearing in his
old haunss as nystsrioasly a. ne de
partei
sseais-nin = Hutchinson va born ~ Dan
v@rs Mass IA ISIS a. farmers eoy Re lie
veieoed q talent Tor trs3isg ard money
v.axsnx AZ an early sye ne vsns 20 Lyns.
Mass. ana began sBo>mssins % Als ewE
sccean1 selling his prosiacss IN Boston sns
EARRING back goods watch se sold AZ q prof. :
In 1857 ae suffered n ne genera psaic ans
came west Hs heated n Mlvsasre. but n
ysss ne cane 80 Chicago beesuae . member Q
she board 81 trs.is sBd began operating IN grain
ye exhibited sE- sNrevdaess mat sfse-vsrd
characterized siui rem re trss Ne vas sdsrirs
sss careful aperstcF and IA a lew years b al pais
en All his eastern iat-nts3ae<s and ~.s SUI
wcrsa soaso. He engaged in pork pscslas an.
r.aae mcn@g AZ thas, aai Also cleared as bis
prufs a WHISTLES ~osn shs changes IN The rev
szne tsws we're made.
Mr. Hutchinson. anti few years sro 80,
cuct~.i everTtsiaa b sedsrteca . a ssccs.sfa
tsu.,s r. Ms -sylier dsTs - as = srslper g
>asicnaslr rsasfnss 'coraer &c vas through
81 "a. -xrstlps svsnfs n ne hoard 81 trs8e n
ef,asax sa@ seeecea EverisrAarn fsilsre cn
siwz-s ease eas ca tep Ma ls-s sss srsl
cperatsd "a the sccrrer' piaa. i said 20 hsvl
nettesf afrs crcss - sserasa II v>s Al
fsss s~snA ssr,ke rs- year tsc cd MAJ ~
h>-n .afcrsusa,- - unsav ssss ssd Ais friend
Have <nsur snas he rss fsiisns nratailv. Et
trsffrs ssys GER rrecaciy sarnscr~d sn-a y
elsspp~sr%s "a T,,s<eay atsss. and s~r-af.s
o~ ~fs - sat rn~rac-v 81 ~ great asrt I
~Afea be vss 81 : 1ns--e-
ILLINOIS SCHOOLS.