The Cleveland leader. [volume] (Cleveland [Ohio]) 1865-1865, 1865-09-02

This package embraced letter fror
Morris Kstchum TO his creditors. AlsC
letters to Mr.. Ketchum from Thoms
Belknap, Jr., one of. the partners. Thi
last one covered the copy of letter from
Mr.. Swan, partner to Edward b Ketehum
The letter to young Ketohum is dated tn
4sh OF August, 1865, and showed an efor
had been made by the junior partners t,
bring E. B. Ketchum's individual specula
tion to close with the view of Terminating
his connection with the firm.
A great deal of discussion ensued. II
the course of the discussion it was asked i
the firm had paid anything, or made any
provision fer taking up the forged gold
checks of young Ketchum, which are moi
considered part of the liabilities of the frm
in full, snd positive assurance was given
that the firm had taken ne such action in
regard to his forgeries.
CREDITORS ACCEPT.
On motion of Mr.. James K. Place the
creditors decided unanimously 10 accept
a proposition which had been made
to them, and restore the estate
in the hands of assignees to Ketchum, Son
d Co.'s creditors. They however reserved
any claims to the distracted securities
against any person in whose hands these
securities may be found. Morris Kescbum
then stated that himself snd his partners
had not fully determined before the meet
ing that they would undertake to pay 60
per cent, bat that after the vote he would
undertake to make good the engagement
which the creditors had thus virtually eff
fected. He said he would undertake to keep
it even if it required a sacrifice, not only
of the property assigned, but of Mrs.
Ketchum's right of dover, and his real
estate valued at 1886, 900
The total amount of liabilities is reported
by the Committee, including loan of
$3.50, 900, which the house disputes, was
So, 93b,6Os So. The assets amounted to
S.. O93. 900. This includes $243,OOO which
the firm hopes to recover from the estate
of yonDg Ketehum and the abstracted
bonds. 1t can be recovered only by q
long case of litigation.
NEW YORK, September l.
CAPTURED ORDNANCE.
The Times Washington special ssys
that Colonel Flsgler, an ordnance cficer of
the War Department, has just returned
from tour through the South. where he
has been engaged in disposing of the ord
nance stores of the various Notifications
captured from the rebels during the war.
An immense amount has been shipped to
the arsensls North, and q large amount,
especially on the Mississippi, has been
found to be worthless, and consequently
SPECIE CLAIMED.
The Herald's special says Mr.. McFar-
and, President of the Farmers Bank of
was attempting to gain an au-
1ience with the President to-day in rela-
ion to a sum of specie, stated at nearly
S2O, 900, now in possession of the Freed
mems Bureau, which he claims to be the
awful property of the bank. Itseems the
money was sent to some obscure locality
n Georgia for preservation, short time
before the Federal occupation of Richmond,
out was found and taken possession of by
L. P--AoI1 oa ahanAnnAA- -A-- -nA@R-~~+ea
The bank denies that it was
sither and is endeavoring to regain pos
jession.
KEIGHT TEMPLARs.
Columbia Commsndory No. 2, Knight
Cemplars of this city, leave to. morrow for
Columbus, Ohio, to attend the trienniAl ses-
ion of the grand encampment of that or
ler, which is to convene in that city on the
irst of the coming week.
COTTON.
1a New YORK, Sept. 1.
The Worlds correspondent from Angus
a, Georgia. says: travelled recently so
niles along the line of sherman's march,
nd not 8 bale of cotton, or cotton-gin, or
louse escaped the torch in all that region,
,ut it was only twenty miles in width and
constituted but small portion of the
tate There is nearly full crop, however,
nd the crop for the State will amount to
bout As, 900 bales. There we're about 30O,.
90 bales in the State when the war closed.
outh Carolina is smaller than Georgia,
nd Shermsn's march was through larger
ortion of her territory, and but $4,000
ales are to be found within her limits.
The moving of cotton at Selma and
dontgomery by Gen. Wilson and the
confederate authorities, was more destruc-
i've than the ravsges of Sherman in
leorgis. But thirty.hve thousand bales
7ill be carried TO sesports from Alabama.
he production of Florida is small, and
rom Mississippi, Louisiana and Arkansas
large part of the cotton had been trans
orted before the close of the war. These
,ur States will furnish three hundred
aousand bales more.
From the western part of Texas much of
he cotton had found an outlet through
Iexico, but from the middle and north
astern portion the production had been
.rger, and neither the Federal nor Con-
,derate forces had destroyed IT, SO that
90, 900 bales will be furnished from this
tate. The present years crop will add but
tile to the resources of the Southern
tates. Peace come too late in the season
D induce planting, and the low price of
otton compared with corn and provisions
iscoursged its production.
In January thirty-fve miles which I
ecently made through the heart of the
tate, saw but one field OF cotton, snd
epOrts from every part of the country are
be same. A few fields of corn were
'ulled up to give place to cotton,
Vhen the news of peace arrived between
he General Government and the seeded
'tstes. But the season of the year was
90 far advanced to make this general. It
! believed that not one hundred thousand
ales of cotton will be raised this year in
jouth Carolina, Florida or Alabama.