The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-16

had been prevented from attending TO tho affairs OF his
firm for the past months by sickness thero-
foro unable account for many things which had
during his absence, but added that he hoped 10
effect settlement Of all Hrs present contracts
current prices.
THE sUMMINa VI
Such portion OF tho facts Of the case
tanned yesterday afternoon amid tho universal excite
mcnt which prevailed aapng the speculative commu-
nity In few days further developments viii DO made
which may ipnpicate other prominent parties and per
haps 4essen the magnitude OF Tho offence committed by
the aeanltng meanber OF the firm OF Kctahsm, Son
Co.
When the forged checs first began presented TO
me basking house of Ketchum,, Son Co, with
hope OF getting rid al them no paid about two hun
Arcd and oieity Thousand ,doilar- S them, which
point he stopped finding the amount greater than he
anticipated. There tho rests Mr. Ketahum not
4o.bo found The house Of Kctchum son n Co ia not
otherwise involved than by his being Of tho part
ncra II the banks do hold any they have margins
and the responsibility or the borrowers fall back
upon. II is not at ali likely that they will suffer SO
nterrupt esYvegular business The distributed
mostly among private bankers spectators in that
particular business Of gold dealing There ground,
therefore, for apprehendng any general disturbance Of
the markets outside Of Wall street.
LAST SEEN Ow 4. p. KETCHUM.
two and three o'clock Monday afternoon, going up
Wall street. by friend of hs who remarked TO him that
it very careless way in which he was carrying no
much money, Kechum at the time having armtul
OF grcenbacks done packages which he grasp
ing very carelessy He observed in reply 10 mis- friend,
that he would take good OF the money and wrapped
the covering little tighter about the bundle.
After leaving his FRI end Ketchum went into the trunk
store Of Mr. Cattnacb Broadway, Wall street. and
fasked to be shown toilet bags at the same time
putting the package of bills the desk in very indif
fcrent The proprietor Of the store remarked
Kctchum had pretty big lot Of money in the bun
die and told by Ketchum that there only twenty
thousand dollars looked large it all in small
bills Mr.. Cattnach observed, pointing to package
That's very small j see it's marked ten thousand
dollars, and here is ono with nothing but FIVE hundred
dollar bills in it,"
He, however, paid no moro attention TO the .room-
stance as Mr. Kctchum customer of his, and al he
and other parties frequently purchased bags carry
money in
Several travelling toilet bags shown to kctcbum
and he finally purchased No. Peessier bag, which is
aboat twenty inches long and wide; placing
the desk beside the he, with the assistance Of
Mr.. tanaeh, put tho currency in the bag. There
fifteen packages, and Mr. Cattnach judged that there
have been least sixty Thousand dollars worth Of green
backs.
After the bag had been carefully locked Ketchum
hesitated, intending to purchase another bag but
finally said III guess won't get one now." He then
left the store and went to his home leaving there short
y AFTER since which time nothing been Of him.
THE REPORTED CONFESSION OF KETcHUN.
Ketchum il about twenty FIVE years of age is
ried, and is the father Of one child. Previous 10
leaving home he wrote letter and left IL for his father
in which he confessed his guilt and stated that he had
provided for himself and asked his father to provide for
his wife and child. His late residence is in Madison
avenue and he also has summer residence Westpor,
Connecticut
THE CHECK BOOK
from which E. b. Ketchum Obtained the blanks for these
forged gold checks has recovered. Il
eeped by him in June last profcsscdy for Mr. Charles
Graham who denies that he ordered IL had any kn0wl
edge oi H. He claims to have been the innocent tool or
Kechdm. The checks in this book numbered 5s sol
00O and three hundred and eighty 1--we of them
are believed have beon used supposed that the
amount out would be 81 900 O00 Some OF the checks
however, for small sums and we have heard of
several as small hundred dollars number Of
the checks also been withdrawn and cancelled and
Is possible that spoiled by the foreer IN
pairing his fictitious documents for market
CARD FROM THE FOURTH NATIONAL BANK.
The following card has handed for publication
ease IL is given entire:-
rnE sUsPKSsIoN OF KrycHUs,
pANY,
the senior partner OF which was formerly President
this bank has given rise 10 report that the bank will
be heavy loser by that house.
II affords the undersigned pleasure 70 assure the
friends Of the bank and the public that Ketchum Son
20. not and never have been in any way in
| debted to the bank.
Of gold certificates which supposed 10 be forged and
which the bank holds as collateral security ON loans
| made ~ other parties
The condition Of the bank Is perfectly sound and It's
capital nnmpaired its earnings for the last six months
largely exceed the amount OF forged certificates held BY
rhe Bank Of New York will not he q loser by the de-
| facation.
WHAT CONSTITUTE GOLD CHECKe.
| Gold checks, as explained BY those who are deeply
verscd the sppertaning TO the trans
action OF business upon Wall street. simply certified
checks of the Bank New York, supposed 10 stand in
the place Of the precious metal stored by the parties Oh
tanning the certificates in the cspacous vaults Of that
establIshmentthat is, TO be explicit, party hav
ing vs thousand dollars in gold, larger or smaller
sum, would take the same the bank Of New York,
deposit there and receive for the certain form
OF certificate Of deposit, specifying the date and sum
there placed his credit The endorsement Of the off,
Of the New York Bank, clearing house for gold,
| made the check In effect gold. and as such
| the document passed from bank TO bank and
from individual 10 individual as gold de- Jdco
This was deemed cessary, time since, to prevent
loss by swndlers who carried lead in their gold bags
the trouble Of transporting valuable parcels through
crowded street. thus offering temptation 10 those sup
posed unable resist IT, and for the more genera
convenience of the gold merchants n their daily trans
actions with each other In these certificates
would circulate through the various channels OF trad
and commerce, and several days would intervene bcfo
they would finally reach the house making them for re
dempton Eight Of these checks, each for sun
OF thousand dollars presented The counte
OF the Bank of New York yesterday morning, but pay
mcnt was not demanded, and they at once pro
noupccd forgeres Had the holder asked the gold upor
the checks IL would have been refused, tho fact
their fictitious character plain upon their face