Daily camera. [volume] (Boulder, Colo.) 1891-1928, 1899-05-31
MEN WITH MILLIONS.
VIE Have Treated Immense For
tunes Is Playthines.
mighty P1unses MADE By 1AAD0l
riaaAsters in Which Ailll0as
81 Dollars Were AAAA
OF Lost.

OF LOot-
The death of the famous Chicago
speculstor, "Old Hutch" brings a rec
objection of his bold and gigantic oper-
ations in the Chicago grain market.
Old Hutch died practically a poor
man. His unsuccessful effort TO corner
wheat at the time when his attempt
and failure became the subjects of in
ternational discussion left him broken
in health and ruined financially Like
many another stock and grain gambler,
he had played the limit and lost. But
Mr.. Hutchinson's tremendous losses
made no apparent difference in his bear
ing and occupation. Only failing health
drove him from his daily place in the
wheat pit. Had he won he would have
been equally unmoved, for there were
times when he won fortunes and
showed not the slightest evidence in
his manner of even qualification.
When one considers the elation or de-
lection with which the average man
would win or lose 800 it seems scarcely
credible that there are about al least
a dozen men who have won or lost a
hundred thousand times as much with
out, metaphorically. turning hair
During the recent stock exchange
boom" in Wall street. il is said on au-
thority that Mr.. John d. Rockefeller
LOST 81 900 900 in less time than it would
take him 10 smoke a cigarette. For six
consecutive minutes he was losing ST.
900, 600 every minute on the fall in
Standard Oil.
After all, this was only q slg check
IN "A brilliant career of good fortune.
Such a loss 20 years ago would have
ruined him absolutely; to-day il only
means the temporary loss of two cents
on the dollar OF his possessions. During
his career Mr.. Rockefeller himself esti-
mates that he has AT least six times
made over s5Oo0,OoO on a single deal.
To illustrate the caprices of fortune
il il interesting TO note that while Mr..
Rockefeller was losing his six millions
young Joseph Letter was making that
amount; although last year Mr. Letters
famous deal in wheat lost for him al
most twice as much.
Nat Jones. who was in his days the
most daring Spectator in America,
started life on few borrowed dollars,
made several million dollars within q
few years. and by one rash deal on
the stock exchange lost all and died a
bcggar.
For rapid money making. however,
il is doubtful whether any man who has
ever lived has equaled the record of a
MIR. Macdonald. OF Dawson City Only
three years ago Macdonald reached the
Alaskan gold fields almost penniless.
To-day he is said TO own nearly SO
mines, of an assessed value of Sl35, 00o,-
600. This means that Macdonald dur
ing the last three years has increased
his wealth by si5. 0oo. 900 year or S5ss.-
3s5 a week.
Few men knew better than the late
Jay Gould the rapture Of making mil
lions in single transactions. In 1873.
when he planned the famous gold cor
ncr although disaster overlook most OF
his colleagues, Mr.. Gould came out Off,
the richer by 81 100000
One of the most fortunate single deals
on record was Nathan Mayer Roths-
child's historic plunge on the London
stock exchange just after Waterloo.
The tale, though old is still thrilling;
how the astute Jew waited until he saw
the French army flying, how he rode
madly to Brussels drove to Ostend, was
ferried across the channel during n
storm, and reached London eight hours
before any official news of the great
victory came He bough, literally
everything he could get in the way of
stocks aud shares: and when the mex,
days news sen, prices up like so many
rockets. he had netted an enormous
fortune.
F., II. Talco,t. who. until recently. WAS
stock exchange clerk in New York,
was among the first TO anticipate the
latest boom in stocks. and with rare
judgment peculated largely in the very
stocks which were most inflated by h.
boom In three weeks he had made
IS. 900 900. the amount he vowed he
would make, and then like u sensible
man, left Wall street forever.
Some of the most famous losses have
been made in wheat. Twenty years ago
James X. Keene made his famous cor
ncr. and los, s60OO,oo0 by it: and ~
years ago +. L. Harper bought up H.
600. 900 bushels of wheat, and in trying
to complete his corner lost 81 900 ,0NO.-
Cincinnati ENQUIRER