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Arthur W. Cutten


Arthur William Cutten (July 6, 1870 – June 24, 1936) was a Canadian-born businessman who gained great wealth and prominence as a commodity speculator in the United States. He was called to appear before the Banking and Currency Committee in regard to the causes of the Wall Street Crash of 1929. He was under indictment for tax evasion upon his death in Chicago in 1936.

Born in the rural community of Guelph, Ontario, Arthur Cutten was the second of nine children of Walter Hoyt Cutten (1844-1915), a prominent Guelph barrister, and his wife Annie McFadden.

These nine children were: 1 Walter Edward Cutten (Dec. 23, 1868 - Nov. 23, 1912) 2 ARTHUR WILLIAM CUTTEN (Apr. 13, 1870 - June 24, 1936) 3 Lionel Forbes Cutten (Dec. 1, 1871 - Aug 21, 1938) 4 Marion Mabel Katherine Cutten (Nov. 6, 1872 - July 6, 1873) 5 Evelyn Mary 'Lenore' Cutten (June 18, 1874 - Sep. 11, 1945) 6 Albert Patrick Henry 'Harry' Cutten (Mar 20, 1876 - Oct. 1, 1949) 7 Charles Lawrence S. Cutten (Oct. 8, 1877 - June 15, 1900) 8 Annie Constance 'Connie' Cutten (May 1, 1879 - July 21, 1944) 9 Ralph James M. Cutten (Dec 19, 1887 - Dec. 29, 1970)

After studying at Guelph Collegiate, in 1888 a young Arthur Cutten left home, making his way to the United States where he settled in the rapidly growing city of Chicago. Hired by commodity broker A. S. White & Co., he worked as the company's bookkeeper for $4 a week. Cutten's employer was part of a growing business community that made Chicago a major economic bridge between the established financial community in New York City and the emerging farm producers of the American Midwest. Having grown up in a farming community, Arthur Cutten understood the up and down nature of farm production and his job with the Chicago broker afforded him the opportunity to learn the intricacies of trading in commodities on the Chicago Board of Trade.


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