ALEXANDER SULLIVAN'S SPECULATIONS.
Considerable time was devoted to the investigation of Alexander Sullivan's speculations through various Chicago Brokers on the Board of Trade. It was first shown that in May, 1882, upon the return of Alexander Sullivan from Paris, where he had been for some two months, the sum of $100,000 had been deposited to his credit in the Continental National Bank of New York. This deposit was in turn transferred to the Traders' Bank of Chicago, where it was credited to "Alexander Sullivan, agent." The books of this Bank, which had failed in 1888, when produced by Bryon L. Smith, the receiver, showed that checks had been drawn by Sullivan against this deposit, payable to John T. Lester & Co., the Board of Trade men, in the following order:—June 1st, 1882, $30,000; June the 6th, $30,000; August 26th, $25,000; Sept. 6th, $5,000; October 6th, $10,000. The entire one hundred thousand dollars, therefore, had within the short space of less than five months passed into the hands of the Brokers. From the books of the firm it was found that between June the 1st and August the 30th, of that year, Sullivan had traded almost daily in railroad and telegraph stocks in blocks ranging from 100 to 5,000 shares each day. It was also shown that between June 1882 and June 1883, he had given his checks to the firm to a total of $133,000, and received from the firm checks and stocks aggregating about $128,000, indicating a loss of but $5,000 on these extensive transactions. These checks, however, failed to find their way back again to the Traders' Bank. There was no record of any further transactions of this character on the part of Mr. Sullivan until 1886, when he was concerned in some speculations in grain through the house of Morris Rosenfeld & Co. He was a winner up to July, 1887, when the great Cincinnati wheat corner broke, his profits were swept away and he sustained a loss, which he settled by giving his note for an amount somewhere between one and two thousand dollars. This indicated that between the first and the last transactions he had gotten rid of the $95,000 turned over to him by J. T. Lester & Co. What had become of this large sum of money was a mystery. Perhaps it had been lost in speculation, perhaps it had been returned to Patrick Egan, from whom, as was generally supposed, it had originally been obtained.