New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-08-17
. his brother merchants was a. good a.
credit among his brother merchants was az good as
,hat If apv In tho o;tv of and oil

iuOHtN ne might utl1tuu Ills Hihhtti P"'04"" W."
bitiOn He aspired to be the leader of the Street. ana
in endeavong to attain this the acme OF his hope ne
committed in an evil hour the act which brands HIN az
q criminal and felon.
HOW THE MONEY WENT
He not it appears man of very expensive hao''
He was fond of billiards but one has YET s'a'ou '
he was a gambler to any considerable desrcc. Du'
stock jobbing possessed fascination Tor MN '"' "
could lot resist. lie had u number OF pEoheiS %"
stantly employed and always represented Nv INV
Evening Stock Exchange by ut least han dozen Vi
these eeptlemen. His father was not aware III '".'
large transactions for some time, Dut ~ Ieh5u '"'
came so colossal TO attract attention. ana hc o''o
lost heavily. Still such was his reputation lot hon''"
and honor and business capacity that not the slightest
suspicion arose thai he engaged IN any dfIepi
bic proceeding In this way all his money went. lie
made desperate efforts to maintain his POSITION he
lost steadily, and doubtless. in the hope of retrieving
his lost fortunes he took the fatal step which blasts MS
name forever
THE STOLEN BONDS.
The bonds were deposited in the trunks in neatly
made up envelopes. On examination il was ionnd tha
the envelopes were there apparently untouched but
there was no trace of the contents.
AN INVESTIGATION
into the transactions of the defauter being con
Quoted by a Committee Of the Board OF Brokers' yes
terdav and WILL doubtless, be continued to-day re-
port which will probably eucidate the facts OF the case
will be presented and may dispe little OF the mystery
which now envelopes the whole affair.
cAHEIEssNEss or BROKERS AND BANKERs
It's almost astounding how men SO cear-witted and
acute should fail to detect the bunghng iorgeries OF
Young Kechun Many hint that there are others prNy
TO the fraud and that otherwise it would be impossioe
| 10 carry on such gigantic swindlc.
TIE WHEREABOUTS or KETcHUM.
As vet no clue has been obtained as to his where
abouts. Detectives on his track NO "reis"
steamer left since the defacaon was brought to Agh''
until yesterday and detective went on TO search 'hc
steamer sailing for Europe. Some say that ne mas gone
10 Halifax while others assert that be is concealed IN
the city waiting until The matter shall have peeh
cleared up His father will certainly not prosecute MIN
in case he should be arrested and If the forged paper
made good the matter will probably drop. Even now
that his fo-geres have brought TO light few speak
harshv or unkindy OF him. and nearly all would be re-
ioiced to see him well out Of the difficulty.
SYMPATHY WITH MR.. CHATHAM.
There are many sympathizers with Mr.. Graham. lie
has ken up 81 of the forged certificates representing
s2s5 900. which amount paid in gold. Loans had
been effected OIL him. 1t appears, to the a InSnnii 81
81. 000, 900.
THE VICTIMS.
The Fourth National and the Importers Banks are
the principal sufferers bat their position has been eA'
planned by cards.
Failures Of several small houses were reported yes
terday in Wal.st. but nothing definite has yet been
learned about them Brokers and others share In the
losses in sums Of from $40 900 or $4,000 TO 100000
STATEMENT or Mr.. LEvERIcH, PRESIDENT oF THE
NEw-YoRK BANK.
Mr. Edward Ketchuin was introduced here to s'r
- last June when he made q written application IN
behalf Of Mr. Charles Graham TO open account; We
gave him gold check book. which contained zoo
checks running up from No So SOL these checks need
the four signatures Of depostor register teller and
dorser before they be Of any services they
bered and checked there can be possibility of
fraud here: Mr.. Kctchum handed n check for OF
drawn by Mr.. Graham, but since the book taken
4 Mr.. Graham has neither made deposit drawn
check although he paid 81 600 for that privilege on
Monday heard that there were forged checks out;
looked for them. and found three signed by rock
man. Unger Co, and two signed Hallgerten Herr
field; after went out Of town at O'Clock l2 Others
turned up each for Is 600; il is singular fact that
OF these checks and there is telling how many
OF them are out the book cannot be found have been
presented either for deposit or payment IL is than
probable that the forged checks used simply
margins and that the proceeds of the securities which
he is said TO have taken from the house. used
take up the checks when the margin exhausted.
| STATEMENT OF Mr. MORRIS KKTCHUM.
4 Mr. Morris Ketchum who keenly feels the blow saws
he does not desire to make any formal statement at
present though he might conclude 10 do so. lie said
My son Edward has committed great crime lie
has taken from Inc between two and three millions IN
securities-the assets of the hOuse-besdes, ] fear
doing other wrongs Of great magnitude in connection
with the gold checks. Tho house cannot 90 on. OF
course stopped payment this morning. partially that
i might understand our condition. and know exactly
where stand; but / don't how can go on.
Our remittances this morning were very heavy. and
were all deposited 10 the credit Of our customers /
have idea where has What cauld hay We
tempted him TO do this thing cannot say. lie had
everything which could make his life pleasant and his
position here was pecuniary such as must have salts
{ fled him. He was AT my house on Sunday night since
when have not seen him
STATEMENT or MI. GRAHAM.
Mr.. Graham, who was Mr. Edward Ketcbum's
broker and VINO is a heavy loser by the defacation
says: &" / was Nj. Ketchums broker. He was u very
heavy operator. Some time ago he made great deal
qucnty checked by advice his operations and quite
likely had been here, being older would have eau
toned him about getting in SO deep The check book
was kept here. bnt it was entirely in his charge We
had nothing to do with 1t. Having perfect confidence
in him we did not scrutinze the checks closely
We should. We took IL for granted that he was all
, right and so were his checks. We always took the
number of the check the signature &c. that in
OF wrong they could be traced but never looked
carefully at the signatures supposng, of course that
they correct The checks used to carry
gold. The banks prefer that it should Mt be known
how much they lose and other parties are interested
IN Keeping the matter quiet. have been compelled 10
stop payment was out Of town when this occurred.
Ny partner telegraphed for me TO down at
did So suspended, made an assignment 10 David
Groesbeck have no idea where Ketchum has gone,
nor what is the amount OF his forgery"
KETcHUM, son CO., AND THE n. Y. TINES.
To the Editor u The N. y. Tribune
SIR viii you please give place in your columns to
the following letter which we have addressed to the
Editor Of The Times and oblge
Nsp YOrk, Aug. &C. 1865. KETcHUH Sos & Co.
To the Editor Qf the ~ Y. Timcs