Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-04-30
GOLD HUTCH" LEAVES HOME.
The Veteran Operator In Wheat Declared
That He Would Not Return.

The Veteran Operator In Wheat Declared
That He Would Not Return.
B. p. Hutchinson, whose financial troubles
were spoken Of in the Chicago dispatches 10
TIE STAR yesterday and who is known the
country over a. sold Hutch" has been missing
since Tuesday evening, at which time hs bid a
friend goodbye and said he would never be
seen again. He has many heavy open trades,
and the many rumors circulated in regard to
his disappearance have greatly disturbed the
market. His son, Charles L. Hutchinson,
president Of the Corn Exchange Bank and ex-
president Of the board Of trade. said yesterday
that his father had been mentally unsound for
two years. A few months ago 1t was reported
that Mr.. Hutchinson's fortune had been slmos.
entirely dissipated in speculation. At that time
number Of Mr.. Hutchinson's friends and his
son tried to induce the old gentleman to give
up speculation and lead a quiet life, but their
efforts met with no success.
GONE TO FLORIDA.
Mr. Hutchinson's liabilities are placed at
$4,000 900 to 5000, 900. but his friends are
satisfied that his assets will more than meet his
obligations. valuable clue to the SPECTATOR Q
whereabouts was obtained By q reporter at the
depot of the Chicago and Eastern Illinois road
In Chicago Yesterday afternoon. According to
1t, Mr.. Hutchinson il, it 10 fair to presume, on
his way to Florida The ticket agent says that
Mr.: Hutchinson, at II o clock Tuesday night, in
CURED OF him the price of ticket to Pensacola
The agent asked. "Round trip"
mo, replied Mr.. Hutchinson, II don't want
to come back" The ticket was S22. Mr.. Hutch
inson took out . roll Of bills, handed the agent
$27, took the ticket and did not wait for the
change. The agent said Mr.. Hutchinson was
slightly under the influence Of liquor.
He HAS SUSPENDED.
80 Il.
young son Of the veteran speculator, admitted
that his father had suspended business, but
said he would be able to pay dollar for dollar.
business.
What is the amount of his outstanding &C.
counts2'
'.some % .5o0,OOo in open trades alone. I
wish to state here that my brother, C. L.
Hutchinson, has had no business relation with
father for the last Eve years. The affairs Of
his bank, the Corn Exchange, will not be
affected in the least by my fathers downfall.
some time ago we came to the conclusion that
father was demented. and we thought of taking
his business affairs out Of his hands and having
conservator appointed, but we were advised
to abandon this intention. Father has been on
the verge Of ruin for a long time. and we did
our utmost to keep the fact from the public. "
.u DO you think your father has committed
."No, do not. think that we will hear from
him SOON
1T is rumored obout the board that your
father has lost over $1,000, 900 during the past
two years. and that he has made but little
money. Is this true?''
Father has lost heavily and won little, but
don't think it is rs bad az that. The greater
part OF his fortune has disappeared, but he will
not be entirely penniless."
Mr.. HUTCHINsoN's AFFAIRS.
The actual condition of Mr.. Hutchinson's
affairs was not known last night, though it was
understood that nearly all Of his trades on the
board have been closed out, and private
dispatch from Milwaukee said that of
all his deals there have been closed.
Whatever may be his financial condi-
ton, it was not believed that any one
would lose anything through him. As his
family. it is confidently expected, will zee them
paid if necessary. Conservative opinion on the
board. however, inclined to the opinion that
this would not be necessary. Certain it is that
all Of Mr.. Hutchinson's checks have gone
through the clearing house 30 far without ques-
ton.