The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-08-17
NO SIGNS.
AsFY EAr-9 P. M.-August 16.
There are no signs of anything from the
Great Eastern.

| AHe extent OF the lOSb ID NOT Known, DuL u
will probably reach two and half mil
lions. Owing to the extensive forgeries of
ketchum there is q general reform now
being insugursted in some of the eitybanks.
On Wall street to. day no checks were
paid without being properly testified. In
one instance broker, who applied for
5000 dollars, was refused till the books
were examined to ascertain if his accounts
justified the loan. It was found that he
hsd overdrawn his account to the amount
$4,000.
The last check presented by Kstchum
on Monday was drawn in the firms name,
and was on city bank for $4,000. The
check was presented in person by young
Ketehum, who requested that the money bs
given him in large bills. There being
small amount of these on hand, he was
paid mostly IN small bills. This it is be-
lieved is all tha money he carried away
with him. Some of the envelopes in
which bonds were kept are found neatly
folded and tied, and laid away as though
complete, although their contents are no
longer to be found, and there is no evil
dence of their existence.
Ketchum's gold and stock speculs-
tions are the sole cause of his ruin. Once
or twice his father was positively assured
that if the firm was not engaged in such
operations his son certainly was, and on
speaking of these facts they we're denied by
Edward in letter which he wrote before
his flight. He gave an account of his
operations SIS partner 10 the banking house.
The names of the parties with whom he
had hypcthecatei the missing securities
were stated. Edward gave directions in
regard to the disposition of papers and the
course to be pursued by the firm.
The distracted securities were not en-
tirely property of dealers with the banking
house, but belonged in part to the house.
The account is not complete and can't be
within day or two.
As already reported Ketchum & Co. are
placing il the bank to the credit of senders
all funds sent to the firm.
a vigorous search is being made for
Ketchum. It is thought he has gone to
Halifax to take the steamer for Europe.
The Commercial Advertiser says that in
the case of capture he will not be pun
ished. His father will not prosecute him,
I'D ;n oasa tha aunns draun On fororod
checks are paid up other parties will take
no action.
The Times says the proper business Of
Ketchum s. Son was brokers and bankers.
Three or four months ago they were great
bears in railway stocks. Of late they have
been great bulls in gold. They suddenly
revived their position in railway stocks,
first covering their previous short contracts
at heavy loss, street rumors said at time
from 81 100000 to 100000 The recent
upward movement in gold was Of their en-
gineering 1t was to weigh heavily upen
the money market because there was no
export demand for gold.
GOLD IN THE TREASURY
The custom house demand went only
partially ahead of July interest on the
public debt. About the middle of that
month the customs demands promised to
accumulate gold rapidly in the Treasury,
already holding about $35,OOOOOO. and it
was believed this demand would SO con-
tinue through the month of August as to
advance the price Of gold in open market,
from the comparative scarcity Of the sup
ply outside of the large sum already mo.
nopolized by this speculation. It was
thought that the Secretary of the Treasury
had determined to convert portion Of his
surplus gold into currency at market rates,
and it WAS also thought that speculators
bad resolved at any cost 10 take all the
gold the government would sell and advance
the price These fact have served to
render the commission house unpopular
among supporters of the Government, and
have done much toward modifying the
sympathy felt for them on the street. The
gold checks are in all essentials like any
other, only that they are numbered and
signed before they are good for payment
first, the signature of the drawer, second
the signature of the R-gister; third, sig
nature of Teller; forth, signature of payer
The signstures were very bunglingly
forged, the names were not spelled cor
rectly, nor was there the least attempt +
counterfeit the hand writing of the partie
on whom the fraud were committed. Iti
difficult to understand how careful busi
ness men and firms could permit million
of dollars to pass in and out of their hand
on pieces of paper which were not onl
! spurious but did not look like genuin
checks.
ARRESTED.
NEW YORK, August 1e.
Richard L. Shelly, correspondent OF Il
Tribune, who was arrested and sent fro
New Orleans by General Candy, was take
to Fort Lafayette. The arrest is made {
account of Mr.. Shelly's criticism of Ge
n Canby's administration of sffairs in Il
r Gulf Department.
- AHINT.
"a The Herald's Washington special say
"a The President is reported to have said Il
" if General Candy did net behave better
TO would be ordered to report to Washingt
in person for an investigation OF his CT
% duct concerning his affairs, and some m
A ter relating to the Freedmen's Bureau.
h PARDoEs.
,u The Times Washington special say
"a Ten pardons were granted by the Pr
,nt dent today. Among them was Benjsr
in FIz Patrick, formerly United States Sc
m tor for Alabama, who resigned his seat
Az. the secession of that State, but took no
ion tive part ia the rebellion. The cases
IN. 100 Virginisns and $50 North CArOlinii
neatly all of the 900 class, were rec
te- mended by the Attorney General to d
Applicants will save themselves m
trouble if they will recollect that their
ov plicstions must be endorsed by the Pro
ma Ionsl Governor before they can be con
the cred here.
INTERNAL REVENUE,
- WAsHINGToN, August /