Omaha daily bee., 1893-10-01
A CHICAGO RUIN.
Ola hutch' tho once Famous Spccui alto,
Has Had III, Day.

Ola hutch, ihc once Famous SPECTATOR
Has Had III, nay.
Benja'nin Peters Hutchinson, tho
greatest operator ever knUwn on tho
Chicago Board az Trade, has probably
ended his career rs a Spectator forever.
Over two years ago he failed, and since
thcn has not figured ION Change to
any great extent, lie has now sold his
certificate Of membership on the board,
says the Now York Times, and this may
he called the last act OF his speculative
career. Only twice since he returned
from New York has he appeared on tho
iloor of the exchange. Whom tho
Observation-Disclosures Wright deal collapsed
the old man was m interested spectator.
a few days ago he made a deal in
wheat. He got on .hc wrong side of tho
market. and there were calls for mar
gins. To meet them he was obliged
to sell his certificate Of member
ship for about 5000. II was bought
by Armour Il Co. for one of the em.
ploNes of tho firm. With tho money
thus obtained, the once great plungor
made his margins good. But ii took
the last OF his collateral to do IL.
Five years ago Mr.. Hutchinson was
reported to be worth anywhere from
$4,000, 900 To SO, 000. 00O-all made in
speculation. He has always been pccul-
iar in his habits and spent most OF his
time when not on the floor of the ex-
change in a small room on the upper
floor Of the Board of Trade building.
Here he slept and cooked his meals,
After he returned from Now yorL bn
resumed this life instead of pninp ia tho
beautiful residence of his SON 1,h,rloS
l.. Hutchinson. down on prairie ovcnuo
where he mirht have been cn,nfnrtahln
! Why he chooses To- live apart from his
family is n score, known oniv To tbnsa
most Interested. Both Mr. Hutchinson
and his son refuse to discuss the ono.
ton.
Young Mr.. Hutchinson is too busv
| with his dutirs us nrn.iInnt ~ tho 60 c.
Exchange bank. as receiver fo,.
| Cudahv, and in many other wavs tn
have much time for the discussion of
such questions. ANYWAY. even If he vera
So inclined. He Is of n ditr,ront st,mn
from his father. He does moi snncnIata
He saves, The consequence IL that
while his father had IN sell his "a ,,,,d ~
Trade membership TO helm him ont in a
picayune deal. youny Hutchinson ia
investing in r~o2d-payinp nIoncrties
1t was said Mt the time Of
the old spcculaior,s failure Anil
IS 1891. that the son received Tho nnys
| calmly, because he had never ann,.oved
of speculation us n means of livriihond
The deal which brorpht min was one in
which Mr., Hutchinson had n line of
800 600 or 2 OOO OOO bushels NJ TuIv CORN
bought up To SO cents, A portion Of This
was closed ont at 20 cents
When the crash came tho old gont1o-
man was too much broken down in snirit
to face the inevitable He honrdcd a
train and went down into Ind;,n, a,d
did not return fo,. five DAYS Dnr;nr
and d~ifferrncns omnnnting ~ SIoo 0o0
were made pood NV his SON since Jnnu-
ary |. lSgl. Old Hutch had lost ~ ooo
| 900 or 80, 900, 900, Mi that was Ieft' ~ bis
large fortune ,~ ~ $3.50
When he came bacL be was oocdiouv
received. but he felt the difference bc.
tween beinp the greatest ]nIunger on the
hoard and hoing - rninod innn Zoo kaaniv
To stay here Hn went to Nav Vort!
where his career is wnu known Rnt
he was not satisfied there And ,yhnn
he came hall horo bo w.s not sa.;sGaa
with the oxnnrinnna bo boI rainad on
the board, He felt the old desire tn
~sncculatn He ala and lost tho ,irht TO
| do so on the Hoo,. bnreaftnr Now.dovs
he NAV he seen arn1nd tho h.unts If Tia
hanrars-on nf tho Rn,,.d az r'rain ,,an
tnlkinr With thu ,.nikn,S ~ ua minht
look With MIDI an his con who p y
mcmber of The I'M n Taarmn and Con-
merriai climbs nilInr IN 7ho Irni+arinn
church. president IF he Art institnta
and identified with r,ony nnbIin roTa1
mnnts Ant he v,nnid nat i've GA Un,ob
if ho r.rad fo. onvthirr want - tioIyo.
Mr. U~nt,hinsnn is . Nav I,nnIani
Yankee He was horn in LYNN Naus
AS he HAD tn work Tor a Iivyin% While
stili vonn~ il ie NOT rcnork hat No
shouid have IonIncd tn mnkn sbons
MANY a Tvnn h1v has done thai in foot
if is Int a small nnrrontoro of nm
bows which does NOT find irs wav to Che
shoe .hops. Mir Untchinsnn didn,t
come STRAIGHT to Chirngn from n shoo
bench. He had first tn enuage in tho
drv Goods business He mao none
for n time but in the financial tronhIes
Of 1877 he met disaster He owed AK
coo when he turnnd his hack On Nav
ENGLAND and started for Cbirogo His
creditors did not exnect IN recaive a
cent from him
They Gro inclined to heliove that tho
/ failure had hnrn 81 dishonest ona n
was their unIerstundin~ hat Mr.
Umtchinsnn had saved cnn1ob ont nj tho
49,