"Board of Trade" Falsely Blamed.
Every little while a banker somewhere goes wrong with funds that are intrusted to him, and in the telling of the story the "Chicago Board of Trade" is the secret of his undoing.
One of the marked cases of the kind was that of the Aurora banker who defalcated with $90,000, "lost on the Board of Trade."
But when the story was run down it was discovered that his money was lost in a bucket shop in Hammond, Ind., which had been driven out of Chicago through the efforts of the Chicago Board.
When $100,000, at a conservative estimate, every day, is lost by the American public in bucket shops, just the thing that such a shop is "in being" should be of economic interest and consideration.
Within the knowledge of tens of thousands of citizens some acquaintance or person of whom they have had personal knowledge has gone "broke" in grain speculation.
Yet to find a man who has lost his fortune on the race tracks or in a gambling den is not at all an easy task.
Without a question the gambling losses in the bucket shop are more serious in consequences the country over than the losses in any other one kind of gaming, for the reason that the man who could afford to confess losses at horse racing or at cards may retain his character as a business man to a far greater extent by having lost at a "little flyer in grain."