New-York tribune., 1900-09-19

Rapid Tra6st an & loo A5eats0n GO 203aoR 100 @ EewEor M
Tennessee Coal and Iron and 1o Sugar.
A the Continental National Bank. OF which
Hatch & Foote were customers an officer said.
The firm has had an account with Us for
twenty years. and has money here now. They
don't owe the bank one cent" L was said IN
the Street that Nj Foote in Conducting his
alleged speculatiOns ran TWO or three dummy
accounts but surprise was expressed that
he vas able 70 operate in this vay without
the knowledge Of the firms bookkeepers. a.
though attention vas called 70 the fact that he
was The ofHce member of the firm.
Mr.. FOOTE'S SAD BREAKDOWN
Hatch & Foote have for year OF more been
lenders of stocks On the Exchange. paving II IS
said. per cent above the regular rate for cash
loans Z policy which Is generally regarded a.
indicating certain degree II financial weak
ness Nj Foore = one Of the most popular
msn IN Wall Street. and many expressions Of
sympathy for him were heard yesterday One
Of his close friends said that M Foote had
nor been himself for the last year M Fcore.
he added. was suffering from sofrening OF the
brain and il would De hard 70 say whether his
disastrous speculation should DC attributed 70
his mental condition or the impairment OF his
intellect should be regarded as the result or
anXleIy over Jne ouIcoTre or Lhe speculation
Mr. Foore went 70 Canada early in August and
2
physical wreck For The last TWO weeks he
had been almost continuously unconscious. and
four or fve DAYS ago he had suffered a stroke Of
apoplsxy-
Nr Foote who IS about sixty-four years old
is 4 native OF Connecticut His wife IS a daugh-
Ter OF tne Rev Dr.. Thomas : Hastings long
president OF Union Theological Seminary OF
this city. and he has four children, Two sons and
two daughters. He is z member Of the Metro
pol1an, Union League, Century, Players and
CTrOIier clubs and the NeW-EnE gland Society He
has long been known a book lover and az
one time had a notably fine library. which how
ever. he sold several years ago His town house
is al No. 10 West Forty -sixth-st-
The firm Of Hatch & FoOJe was formed in 1867
as an outside brokerage house both Mr.. Hatch
and Mr. FOOte having previously been clerks in
the employ or the old urm Of Fisk & Hatch.
Daniel 3. Hatch. the senior member OF Hatch &
F0OJe. admitted 70 the stock Exchange on
May 3. 1853 and the firm has been in existence
under its present style since January l, 1870. on
May IA 1851 Hatch & Foote made an assign
ment with total liabilities of 81. 1875. Of which
S94S 40 was unsecured They subsequently
made a settlement with their creditors at 30
cents on the dollar OF which - cents was cash
and p cents in instruments OF from one TO five
years. and as already noted. they subsequently
cleared of the whole Of their indebtedness AZ
ter the failure in 1881 following the Grant &
Ward failure. Hatch x FoOte endeavOred 10 put
through various railroad congratulations but
without conspicuous success. il is said. The
house has never been Classed among the largest
firms in the Street although ir has long had q
reputation for conservatism and fair dealing
At a late hour last night IL reported from
Oceanic that Mr.. FOOte stiII alive, but
that his death might occur at any moment