The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-27
Reported Sixty-fOur Thousand Dollars
DefalcatiOn in Boston.
ketch Of the Career Of the Al
legged FOrger GladWin.
&c. sc. sc.

yesterday the habitues Of Wall street and the business
y Of the town, who had been somewhat at loss for
oral stimulant aroused from their hstlessness
startling piece Of intelligence Edward B. Ketchum
artuef In the firm Of Morris Ketchum, Son Il Co.,
bee name has been the lips Of all for the past
s had been arrested the previous evening" and trans
red from his comfortable city apartments to the gloom
darkness Of cell.
THE CASE IN HAND.
Immediately after the discovery of the delalcation,
Id the universal excitement attendant upon the de-
knpments which were being made from hour to hour,
b were taken TO secure the arrest and committa TO
son of the guilty one Mr. James Buel, President OF
Importers and Traders National Bank having offer
reward OF FIVE thousand dollars for The safe finding
tho defaulter thereby stimulated the desire Of the OFF,
at the Police Headquarters to effect the capture, and
ef Young of the detective force placed the case in
hands Of detectives John Gilmore and Christian b.
eDougal for proper working up. The steamer Asia
about to sail from Boston for Europe, and detective
at started for the purpose Of searching the
bsel and ascertaining whether or no the young man
taken passage for the Continent Unfortunately
train en- route for Boston broke down and detective
more bad at once telegraph to the Boston police the
10 Of the case. The steamer was searched by the
cals Of that city, while Gilmore returned New YORK
being positive that the guilty party had not lett the
by 49,. despatch he subsequently received from Bos
detective c.sau and himself proceeded to CLEAN
h information as could be cataiped, which might ul-
Ately lead to the arrest 1t is proper hefS 10 state
the theory universally received was that young
tchum had never left New York, and, as "assurance
made doubly sure" by the reports forwarded from
sr towns they set out upon the work assigned them,
kEia up By every prospect q success
.,tss>iF fHE ARREST. -~-
v Il usually the case, the officers with pafdofahle-rc
tke evaded answering any questions relative TO the
formation which led TO the capture Of the defaulter
cir adventures II published might prove highly in
ssting, but would be likely TO endanger the effect Of
ure operations Of the force II Is known, however,
b for two successive days and nights the detectives
n watch near by house located on the next block
that on which stood the residence in which
y young man was finally captured. At length,
some means other came TO their knowledge that
accused under the namo Of O. r. Lowry, Of Cincin-
H. was stopping on the premises at 223 West Twen-
h street. and thenceforward the officers did not lose
hit Of the suspected locality for instant Al length
ben positive as 10 the whereabouts Of Edward b.
sshum, Friday afternoon they obtained admission
hs rooms and inquired for the defauter by his sup
ssd name. They were told that he was out, but would
|obably return and accordingly they determined qi.
y 10 await his appearance. short time elapsed and
kay the guilty man entered the room As soon as he
Ssped the door he perceived detective Gilmore who
u formerly been duty in Wall street, and OWNED
once the mission Of his companion and himself On
hing informed THAT he their prisoner he betrayed
5 astonishment and offered no resistance. He was
srched and the keys Of his trunks and drawers taken
om him. In addition TO sixty forged gold certificates
three epistes, published In full below. In drawer
the buyeau found, having been carcessy thrown
10 corner black travelling vase. On opening this
esptacle the detectives laid hands forty niue thou
IND dollars In United States len notes, which
once secured. Subsequent to this proceeding
ge was called for and the sbsconding hnancer not in
s least downhearted entered the vehicle seated him
f between his two guardians, and driven 10 his
Dnse Of confinement
THE DEMEANoR OF THE cUJPRrT.
IN appearance he was not disconnected by his arrest
|e chatted gliby with the detectives while rolling
wards the Police Headquarters and kept up the con.
brsation with considerable p1ue He alluded to specu
|aiops In general and bis own in particular Though
oh was not his expressed opinion he certainly seemed
ovincsd that his actions were susceptible Of future and
Aairs Justification. When asked by his companions
|hsther The amount Of his defalcatons had been
belly bstsd he answered that he could not reasonably
pubt the exactnes Of the reports. He looked al the
Dir 10 abe light Of . heavy gold speculation by
|hich hp wSs prepared 10 win fortune or lose his all.
|eN th The die was cast be was willing to abide by the
pnssqugncea Of hjs rsshness. The borrowed money,
- 6sep euccessful would have been refunded to his
psdsds, and payment was certainly not mpossible at
Pne distant day Meantime the prisoner was being
nged 70 ceu whence no one con tell when he may be
kQafAd.
29ST FEE psPAulrlR IN CONFINEMENT.
ne cAsriagc drew up 10 front Of the Police Head
seftSrs ip Mulberry street. The officers alghted
- tetprtsd Edward D. Keschum to the detectives
IN, frsp which he WAS shown into sman recess
- 5Va Dea ~ sissd xiaAsvs Neal,a directly ipine