The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1865-08-25


that the Secretary of the Treasury determined
to convert portion of his surplus into cur
rency at market rates. and it was then, ALSO
that the spectators are supposed to have re-.
solved, at any cost, to take all the gold the
government would sell, and advance the price
afterward. These facts have served to render
the house unpopular among the supporters of
the government, and have done much toward
modifying the sympathy felt for them on the
street.
MI. Morris Ketchun, an elderly gentleman,
has been out of town for some time past, and
during bis absence the management of affairs
devolved upon Edward. The young man was
disposed to 60 it alone outside of the parental
house, and employed brokerage house,
Messrs Charles Graham & Co.-one OF the
in the business-to do bis work. Through
the medium of these people he has done an
enormous business; millions upon millions
were as nothing to him, and at first he was
very successful.
For the convenience of themselves, certain
brokers or dealers resolved TO consider the
Bank of New York as the bank Of actual de-
post Of gold, and an arrangement was made
with the bank whereby it agreed for the sum
of 81 900 from each dealer, to receive. count
guard and pay out the gold, on paper known
GOLD CHECKS,
Which are in all essentials like any other, only
that thew are Numbered. and need. before they
are pooi for ravment WY
1. The signature of the drawer.
2. The signature Of the registrar.
The s;enatnre IF the naver "A"
IInon the nevment If n mn ann ,ra bas
tho r;~ht to aer1s;t and chooE m s,o}a -ooe;v~
inc from The honE a hooE siisS S x;th, AZ nm
checks each one Of which has ;ts necniiar
nnmhor r. "a nacaea"rv thot thaso ffacfa he
given that the reader nav nnderstand cIearlv
he
u,sropv ox rur ra,nvn cupcxs.
Mr.. Edward Ketchum was in the habit of
gettlng ordinary checks from Meesrs. Granam
q Co.. ioT purposes OF exchange. accommooa-
uon, or wnateVer, ana on one occaslon ne oD-
taineo cneck 1or Sl,OO. ne tnen MADE ap-
Rncauon 10 Mr.; Liverlcn, the fresloeot OF inc
Bank OF NeW 10TH, lor Inc oPeni3g OF goia
account ~ tne name OF Cnafiee uIanom, re.
ceiveo sne cneck .nook, pa'9 nus @l,uOV, ana
went on: COnunoieg ms oaaiy OpeIauSns,
anu nee1ing mohey ior matEln WIN WHICH W
carry goo, ne nas nun ume 70 tiLnS aepOeaseo
WIN Cnafies TraIam ~ 20, goi9 cnecAss
drawn, apparently, oy WeA-KnoWn houses on
tne stleet, Wnicn cnecke were 10 Oe neld AZ
80, S noS f.anJn o. Thasa foroar;e
nOt ueteceeo % HcuuuIcu< 1nSoc CiSoliSe
were emPioyeo, as Lar as we ere aovleeo' only
20 na,gns ~ nonTy Maus n ;E, uPo1 gEnu
IIe go,o cnecAs. ihus, on uo n, VI uOiial 0s
oas sV ~ aePIeoen y Seuu.ue SaeSAs, a.'u VI
%6ou -, 1Sp 0oo 10 Uso1 ~hSc no say
auouS ~.,!wv ~. ~ Su.ieuCy wouiu po uol'
rU ;s,;, os ,,u o LIZ" s nS VUs' az ~. 'ne seuune
,,;th n,har toa~s .hIa Sn,o. 40 A1 ,pront;sa
VIII o'nSi ioane, sno ,o,goaaoe iSpfeoeauns
,nb,ob shnr,,d ha,,e hoor "S,,oTaa n., ,b Jul,
,,;nn ohaoIa ia .ha rarat 1st M S0 I'LL
s,;nnIaton w;,h she mnnsv iorSors w vos g., aII
o.sos tho, r"na Of tha nhocs sho',Id h III. .;
o;rcnlot;on ~ IN onv NOV nsed avoant iInNJa
fnn,, o.. ,ha ro,o, my .,n 49,, oAIsp. ~
'"1'' "a wv " ''o ''"i "''0' "''''''
THE BuNoLING MANNER
in which tho torcor,es wero dona &c MOS, Gin
eular and suggestive. AS shown above four
s;onatnres are needed tn a checl, before II ia Of
The sIightest vaIne The book Given tn Ke,ob'
um 0y tne Bank OF new IorK, contained nve
5O1 to No. So. 600. inclusive. so that the pos
sible extent of the operations is 81, 800. 900
with this book alone, The signatures then to
these checks, one would suppose, would need
to be either genuine or so nearly like the gen.
nine as to mass close scrutinv. They were
neither.
Inc names were not spelled correctly, nor
was tnere tne least atempt 70 counterfeit the
handwriting OF the parties on Whom the taud
was Sommi ;e a;,,; now SaiGsai business men
could permit millions OF dollars to pass in and
out OF their hands, on pieces OF paper which
were not only not genuine, but didn't even
iook IKE genuine checks' passes our compre-
The name OF Mr.. Eucker, one OF the most
careful exact and precise of tellers, was writ
ten K. Bunner; the name of Brocklemon, I'm.
ger & Co., was written Bokelman, Ungar s.
Co., and SO ON through the entire list. This
may be susceptible of explanation, but to peo-
pie who don't handle gold checks every day,
enormous stupidities, such absolute blunders.
could so successfully be palmed upon shrewd,
observing. money grasping men, as are the
brokers of Wall and kindred streets. Banks,
too, are deceived and robbed by this same I'M
successful success. A forgery in result, but
not in appearance, has mulched the