, 1865-08-16
eRElT FINANCIAL EXCITE
: mkkT N NEW YORK,
Failure Of the Banking:
House Of Ketchum,
Son & Co.
IMMENSE FORGERIES BY
, EDWARD N.KETCRUM.
he Absconds With Two Millions
of Dollars. !
FAILURE OF CHAS. GRA-
HAM & GO.
a GREET PANIC In WALL
=; STREET.
News from the Great
Eastern.
.
The Cable Parts 900 Niles from
Newfoundland,
PROBABLE FAILURE OF::THE
EXPEDITION.
Gen. Grants Progress from
Detroit to Chicago. =. i
dnother Terrible Railroad Dis
aster.
SEVEN PERSONS KILLED OUTRIGHT !
Ann FiENFN RAINY MAR.tEn
SEVEN PERSONS KILLED OUTRIGHT
AND ELEVEN BADLY MAHClEQ,
Maine Copperhead Convention.
MR. THD3HHH Al POINTED
CO oMmtt BI0NE8 OF FaTHNTs.



New foAK. Aug. 15.-Furiher developments o
the forgery Of gold eert1fe1tes have been made
It appeatA that Nj. Edwin Eetchau, Of the 6Eu
Of MorTts keschuul, Son 4 Co., has been /.
charge Of the bu1lnets OF Charles G1aham. broker
on Exchange Pace, during the 1lineau Of tha
gentleman. Upon h1t return to his on1ce, he de
covered that seTtrtl cleeks were missing ffun
his cseek book fn!a f:ct led to the euspitlor
| tat Ar. ketthum WAs concerned In the :prptfy
Of eez:ain fraudulent check. fh8. have, within |
few days past, been brought to light ii Al
events he Ia absent. 1t IL slid M1. Grsh1m b.
bean victtmized to the extra, Of TWO hundred and
etehsy-ave thoussrd dol,ass..
This morning the drm Of Ketchum, sor L Co.,
tnspt nded p:yment, and Graham 4 ca. have also
Announced thels Inability to meet thelr enesce'
! 3ents. M utzhnm EtAted At the Bosrd that b.
hoptd to be able to eett1e all his stock c,ntracs
~ to-days pr1eet. Another etatemen. In exp.a
| ns'fon Of the tuspe1siou OF Norris Eetchum 4
| Co. Il, that Mr.. ketehum's son hid abstrtetad
bonds and o:hef eecrru = IRON the Yanlt. Of 'he
boIk1ng house, to tho amount OF two millions Of
colltFs. Another statement II, that young E.'ch
I'M forged god certificates to the amount of two
mlllions a1d 4 halt Of dollars, which hal been
pss.ed t1to the co1e1s Of the ba1ke, which will
he the pElnepal sufferers. GiilirR Tho yxs.op.
| zunors, 1t seems established thst young Ketehnr.
II guilty Of robbe1y to smounr Of uo: less th m
two mt.llons Of dol1ts- He htd for so1e time
taken the place Of his father in the management
| OF the hukinese, md Possessed the fullest cone.
dence O.! Ill who knew him. He left his home
last ost Ming. snd has not been traced s!nce. Ri,
partners id not suspect their Losses yesterday,
10 sdrottly were hia operations conducted.
Jendne, the Phanix Bunk robbes, waived IN
examination this morning, snd was fully commit.
ted. -
new YoHK, Ane. 15.-The Ereain7 Fist ssye,
concerning The failure Of Norris Kei.hun l. Co:
The failure Of Norris Ketchum d Co hss produced
more profound sensation th,n any similar event
which has ocer!1ed for sorue yesrs, attended. Il.
It Il, by the flight Of one Of tho junior Of
the I'm. 3. B. Ketchum. Nbo has abst7tc;ed
secutit1et to very 1arge amount, besides draw.
nR out Of the hank u muth;aa po.etbIe Of The
available funds Of the drn. L. the discovery Of
these faets. Mr. Morris Ketehuu,, tits morning,
ordered payment to be stopped, and Ia few dsys
he VIII b ready to submit to their creditors 4
proposition for l,quidsuon- Aeanwhtle ali rs.
nnittaccee ale deposl!ed In hank to the credit OF
the rtmistetB.
The large capital ot tie dsm, and tbs weal,h of
IA eenior partner. renders 1t ptootble that the
1osees 10 cfedito1s VII not be 30 heavy ~ IA, at
aratFtported. ttfs, a Jet, premature to attempt
10 etate the amount OF the delAleatiun. End 1t il
rsz1ousiy tsttmated At frcm t1o to four ml1lions
Of dollars.
Edwin Ketehrm, 1ho h's zbgconded, IL twenty.
nye years Of age, has been married tKo Of three
yea1e, and ba. Que ch,ld. BeIoze departing. he
let litter for his father, In which he admitted
the crime, Ata asked his father to provide Tor his
vie md child, ss5ins he had p 'os1ded for him.
1e1G It's reported that he Ah.trarted bcndslrou
the safe Of the dtp, but to what extent IL not
now kIown. The Fourth Sattonal Bank, It il
noW etated, involved By his TRANSACTIONS to the
amount Of &s5o 600, having EeGot1atea Rone Ut the
forged certificates. '.+
The lstt eecn Ct Ketehum was in trunk store
on Broadway. when be had some f:teer p1ckaeca
OF noney, thought from glsuce to ba al much
AZ $e9, 90, and where he bought travelling bag.
4 card from the President Of the Fourth Nj.
tonal Bank esys It IL perfectly sound. The earn
'ncs fcr the last six months 1srcely exceed the
nmcunt of forred certificates helu.
1ArrR '-.'
rh, r.,1nr.. Ard un...
Nrw yonE A.. 1s-Tna a.s,ts.sHa
uust uuon the poid chern mr. e,1.s - 49,. ~.
,n ut tnteute known In ina r1cInttv ~ WsI,
str.-, TIA long time. There i. !, oene,,, tasi-
~. ~ St.,rust nd fea, ,h.t N. and !. ~ ~.
The widest rntnnrs #ere a1o7t an tho s.-sst
r,,1v n ~. dsv. I'M M uhn1a ,h.nr 49,. ~
...nn. sone 6s6nitn .h.n. A. ,he A..t .s.a,e.
nf The s,ort F1ch.nrr- NJ f,Tttft6a ,nnon, ~
the fs,,nre ~ ensr. ssr,h,na = a. ~ st.tss
thst hev er<frrd II, their coot,srt. cInt, ! ny
and .t1enenf, tent into them. Mr. Gr.hsm thsn
.tated thathe had been abee1t from the ci,, ~
an ~ tfme IN cnrstnnerea nf M be.,tb ~
eyents hsd 1ransp,,ed about which ha ronId oivs
nn s1nlan.ttnr It nresent.
.rhs s.rnr<.s s,,a 1be on,,st,ons IF uo,,t..-
Kstshn,n sor = ~ ava 1tntsd ~, e,a..1s
uuh Ch.-,.. f,,.h,r, - r. n a.. ~ 49,.
~tn,.-n r.. w. s,.,,v nr5.,.+ooa - ,-n.1 -.