The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-04-20
PLUNGER PARTRIDGE
HE WAS ONE OF THE MOST DARING
OF CHICAGo-s SPECTATORS.
Won Millions I'm 1s02, While . Year
Previous. I'm n Squeeze, He Was
Forced to Mortgage HIS House.
Philadelphia Telegraph.

Philadelphia Telegraph.
Ed Partridge. OF Chicago. who died on
Friday, was for years a prominent figure on
the Board Of Trade. and made and los; sew
erai fortunes In speculation. The game which
the Chicago Board Of Trade presides over
during re ,wsn~ s-
se"s "a !" -
"a rn ane specuiative markets OF the eoun-
the famous corner NJ ,s-s. phil Arrou- VIM
NEUTRALITY-SUSPICIOUS. !" Y 80 mn Ai"ous, ~"o
and all the pork in the country. cuasnv WIN
Was equally sv.a, =, 49, -. w,-... ..o,a
q sauans SWEEP On pork and wheat o'o
nous that the crowd stood aghast and al
loved him ~ tel. -h.,- -. -. r.
49, 49, "i" . 'AAe 'ner money "nen No
wh6m the crowd s,,ns "-
small man. an unsssumins man = ou,et
went out against the crowd snd thsv
trimmed him as they had trimmed Harper.
Keene and old Hutch" Pardridge's first
Hutch. cost him $500 GOO He ss,a no,n,D~
h.. laid in some more wood and harpened
his ssw. This was in Angus, ,sa, us was
inc, ! bear. VERY few remember when ne was
-. q hear. But sn Aneps, $50, wbe,t ua.
2 m nm 70 81 X on him and no sst,,ed ar tns
,osn stated. To make ; settlemen, he MA.
forced n mortgag e hts mu,,on-aoI,.r s,,,.-
stree, nropertv for $40 COO which he turned
over 70 the bulls This nun,shment d,a nor
conv,nce him that ~bs.t va~ so,,g nm ~,
the contrary, he SIN stayed on the side that
nad swallowed his $4,000.
When December wheat was 81 a bushel and
Sy wen. sloos ana the great mass OF pro-
Iessionai ana outside traders were talking
OF Sl.0 for May. Partridge said. well.
poys' peleve II VIII go 10 ~ cents before II
goes 10 stoo. ~ was the case OF one man
opinion that higher prices must rule wa
sra aieS az every marker wnere wheat was
waoeu III = = speculative commooity. a
q man who was flying In the face Of Prosf-
ds e whose fortunes would be rscklessiy
ket- Friends volunteered advice. Relatives
lmgortuneo. Inc little man nstened5and
soia more wheat he never let up selling
io,o1.yV bushels. other .piungers had
weet hun pa rdrtds "nsas sor IA. or
and when the chosen time came ne crawied
eo 90 ~ naVihg maoe' IL was SAID, about
sz'VU.uW-
personal APPEARANCE.
"aa' nanei
TINS VINO could play with hundreds OF thou
ssnas as other men PLAYED with dOllarsf
-
Seeins MN ior the hrst ume' ne was not q
| of q ..btgb roller" On the contr.~v y. 10.
. meet -s.
q most man NO one
| at him twice in a crowd His faro gave vsrv
,t,.,o ,.a,...-- 60
small in stature and slight in build.
He looked like q fairly prosperous coun-
try store keeper. His face had a ~suiieless
great characteristics-nerve and dogred de-
termination. He spent most of his time dur
ing :, session ,ss Of the board on the main door.
Mr.. Partridge was born in the State OF
New York, and for many years was identi-
fed With the dry goods business first IN
a dry goods merchant ne was a big success.
He cleaned I'D a big fortune out al his Chi
cago bustness. which was known as the
Defore ne began dallying with the grain
market After selling out his dry goods
uea ahort trrantv rsar az Ae1 mn
Partridge always had from fve 20 ten
prokers TO execute MS orders. HIS CHIEF
u'ones, Su.'sr, MAS always near nm
| his side. Frequently by signs ne would start
buying. as the situation warranted. His
oroKers made SomIortaole fortunes on MS
man 70 whom the auctuations ~ > onsrter
of q cent in the market meant a gain or a
loss OF thousands OF dollars Whether it
was asat h IN : VIII MN ne never IN
he never WINGED. One day. when rhe marker
| was dropping like mad. and his profits were
| piling up at the rate of 81 600 a minute. he
went down stairs and spent half an hour
consuming milk and pie.
when I first beran speoulaffnnn said
NJ pardridre 70 = nevspaper man one
time. 81 was like most beginners. a Chronic
| bull. Ny experience on the bull side was
an exnensive one. and during the four or
Ave wears T traded on that side Il lost a
| great deal of money. / became convinced
| thai the average speculator Is ant 70 be too
enthusiastic. and that under ordinary cir
cumsfances the trade Is much more willing
TO receive and ACT on that would
| tend IN produce higher prjces than A is 70
s,,b,n,t 70 denressinr infuences For MS
reason nrices are ant fo 90 hioher than cir
cunstarces acfnal1v warrant and = caref,1
mha ss shi. 20 era~1 The s,t,e-ton
and recooniza vben this condifson Of a.
eaSrs evssts "a In . ro~ton ~ make any
amn,r. 20 unnev on the ssort Sac Of fhs
aanruu In y "0'es y" N"s s"o =" NV
rr,,>,rr,o>. on ~
HIS DEr1NIIloN or rAAbLi>S.
| He was asked X the rumor was true that
| such tremendous gambling was affecting his
sssr
neailn'
Il don't call IL gambling ne replied, be
| cause II Is not gambling. Nv definition Of
gambl,ng e q game Of nure luck mr. chance
s
When one can exercise judgment and skill
it is not gambling. Matching pennies is pure
oanhIing hut so,finU q million uhoof =