, 1865-08-19

place and Ha1 s1rret. and very soon The ancient
erntt fell into suspicion, 20 mtny strange facss
br-kers made mia1fify AND began to FRO M
e3ey. Tbs new stock boafd came into power.
where tustLets w;s desp.tehsd heltar-skelter;
snd this ia believed to hAv4 enrolled about ave
hundred names.
no EoRE woED OF HONOR cH 'cuAS0E,
1t WIS 1t This time that tie brokers changed
their method cfcreoit. Up to this eats check
Sm ,mot 6soksr va, " hSnofsd w1ho1t
stat ding. posse sted only twenty thousand dollars
In the world, his simple check would bring nil
lion. AID this Was, IN Rsent part, The c4se With
Lew etock broker was remsrxab'e epleode, sud
his character vas csrcful'y ecluncd and debated
hut very sonn hs w.s able to obt1tn loa1s AMI IL
T3u
prevent him lrora taking advantage Of conf senre,
The continuance olsuth frank octtinT was tmpo..
slhle when little ind loose aud ragged p .opla m
to chcekt before tnty would bring the cash.
TIE F1aer p1sH0Sons or TIE BOARD.
Stcce. The estab tshmcrt Of tho ancient board Of
brokeEs, but TWO caees aIe alleged 10 have trtu.
list Of RaY To1pkina, sen Of Daaiel j. Tomp.
k,ns, for xG0O Oc0, ind OF Au aford, lew daya ara
for 9l10, in gold, Or its equiv ilent s1500O in
roea 40 aed n
tefDre the war as In that Of the brokers
EDWARD KEruuA's Bus1sEss BEoINE1sa,
" wss in the summer Of 1869 that the younger
Ketehul touk his place With nts father ia the I'D
position. lie sas Known to +. M 1leh eopeseies eae.e
with family which WAS backed up ty millions.
1nd bis lsthet soon added to the general edco 4.
lum by declaring, "Ned Is smarter than am
After the psntc In lsGf the "stteet ',io,ked m
to Morris K.tca um 70. le :det al least that pi1t
Of llvh h!eh ueart 10 bull up'' t:octs, But Nr.
kstehum a'rtady fought en tbs stde OF the
Hbes.a," ss be considered The rebellion virtually
n n IJrr
etocks heught thrrt, 20 that ais whole ptrtJ re-
nl,xed ae aneh, piobably, as thee milli3ns OF
col!sfa tn few months.
HoW TIE rIcIoEs IN WALL STREET BEHAVE.
1s1t s'1snce TO consider how vsriou4ly men IRE
affected ~ success as. for Ct .ape, In thi, great
triumph Of the Ketchum party. Some Of lhe Wt1.
rers 1etztd .Ard others Went to Europe with their
Hnn6d On, and 5ounG Edxard w.s acknowledged
TO ue Is leadinR tplt- The gr.at result attained
Was ttaeed 70 hit ehsewdcess and act,rlty. He
Tae P,eteins.e1alI5 Successful S.nEsr X 'lG hs Z.
1ather warmly tecaadlnc all the en:omiuns pa.s-
ed, upon him.
EDwAED KErcuu1 rue xAroIEox or WALL
p, STREET.
More practically considered. youar Edward
''lesder" Ct the u.,kci on Wa,I street 70 thst he
might manipulate It whichever way b. itbpred.
ns Ss ss,nss Of 1 eo,sd
while With quietly abstfncted eyes he eatasif
pondtriIG thugs which might be either light OF
heavy. Those whs knew bis, ab lily eitlma'ed
thourht them on1y conmoE-pl.cc. He whitfield
sna Tsksa qafstls o% pses pas sP3 Is VIA
they should taeorue 20 much exa:ted.
Therefore, a. We h,ve tatd. Edward Ketehnm
to iesd he s,oeE nsrsei. He mafn. 1 ,isd ,h
''bear" .,ae. ss before. taktrg prodigton, iine-
say tWo hundred thoussnd tharee. The tleo
ey the reyal.1on; the .'bul's'' r1oted and ths
ebetre'' felt the ground slip beneath then, and
yourE Etusrd Kstchum va. obliged to lose his
from bis fs,hsr's esie. This ha did aol beg foi,
but ahsuacted.
KE1cHCH's xE7Hoo OF rono1.o.
MS Inooted point as 70 whether Ks.ehum's
en- Ss 1sled SEess Ms s
or fru In wbose Lame he drew the checks. For
e1aHple, the n,ne Of a ceriela arm IN E1ch1n7e
o,sed esaeis S.esr r. ,is9sd
Co. Th,s was doubt.tss cone to avoid tue penal.
ty Of the high srinc Of forgery; but il Il be not
egnttdcsed torRery It was in motive, md Jonrg
EdWsrd ketchum mint OCCUPY the place awarded
to losEers In pnbtlc opinion.
+. AxxxANrLE or low KErcHrx OPERATED.
Suppose. for example, that he bought 800 900
n Go,d, when geld stooa q 10 premium, making
oae sSa ssseh sps x3ae 7s es,t, h.ss
security, OF 1'aTgin making altogether, sly $40
ooo. For the remaining 11so, 300 he wonid eive
senu1in.e eeeannes. and y no CSC yet msde out
Of his purchase, bnt only gold checks tor the
email margin upon b!s purchs.e.
HOW KE1cHch 1Hou0nT 70 GTAvE OF DETECTION.
Hss ventures In this last desperate essay we're
grand snd daring. az they hid eEer baen; he was
little Of negotiating for 1000 shares OF stock,
amounting 70 &lCo oo0 OF which be gave, a. ba.
fese. s2o 19o On asl!yesy; in fofged Eold checks.
sented At the b,nk and pronounced forfeties.
Ke,thnm paid The aeceptors Of them al ext:s
"shaye" iot the condition that thcy would not
Ills borrowings were for tixtJ or ninety dsya, and
this F7s the EsIroW period he had to zua des-
pes4te race and win back his riches, OF reach II.
a',s nr,eanaa sea 1sas.e a. 4gn 1g1aee ons,Kn,,v
A t,cker n ovde- =, --,e.-a ~. .
book ust enjoy enee5
cssn;., aI nrtha H.ns ~ W. ~ ,tpunuae3a 70 the
a. IN ~ HET 1eaa o5 Neii-knoHn
for thess oots 6svs been naaa "a 81 apoeSu2ns @
pf ren1tstat,n s1 Tcsnmeibatv ,eontea ns e'snas.a
IN lime iast tfat Jnnng Ketrtno, T.. iat-as We
10 n. IeYertch. fhe casher of fhe hark bie ~.
iect IL ohfsjninr This infrndprt5nn hatn. - ~, "
cure check-book for Charlee Graham 4 r..
brokers doing business at No. 40 E1chnpFe plaee'
he applied il writing for the book, and Received
one, for which he paid ono thousaad dolisss, he
numbered from ta5al to 59pQ1 inclrnya. To
mska the checks good 1t Is required hat the eic.
n:ture Of the dcpo.ito, register, teller. aud en-
srAr,xrsr Or = " m aa aSvrn1cn ea,: par,,n,rr
NEW TORE JANE. " a"s
Mr. Edward Ketchum was in1redn.ed h.,s "a
e,tion in Ghsp1sa 9 aass MaIsn y appi
censined S5 ctectr. rannine m frn " " .;1.
ei afsa tas La ba{ess
h. r. nv ,har estuas taey can
80 there csn BE- 10 pins:tiitV o1'rand se1ee H.