The day book. [volume] (Norfolk, Va.) 1857-1867, 1865-08-18
DEFAuITiNG REvESuE COLLECTOR.
ASTOUNDING FINANCIAL FRAUDS In
4. NEW YORK. 49 S68g


New YORK, August 15.--Further Develop
ments of the forgery of gold certificates re-
ported yesterday have been made to-day. 1t
appears that Mr. Edwin K4tchum, of the firm
of Morris, Ketcbum, Son & Co., has beed 10
charge of the business of Mr.. Chas. Graham,
broker, in Exchange place, during the lines
f~thst gentleman. Upon bis return to his
Office he discovered thSt several checks were
missing from his check book, and this fact has
led to the suspicion that Mr.. Ketchum was
concerned in the forgery of oert4in fraudulent
checks that have within q few DAYS past been
brought 10 light. At all events Mr. X is ab
8 Mt. 1t is said that Mr.. CIR ham has been
vctimized to the extent of 1886 000
This morting the firm of Ketchum, Son &
Co. suspended payment, and Graham & Co.
have also announced their inability to meet
heir engagements. Mr. Graham stated at
the board that he hoped to be able to settle
| all his stock contracts at to-day's prices.
SECOND DISPATCH.
New York, August 15.--There is great ex-
citement in money circles in const quence of
the frauds reported. Many failures are an.
ounced, including Charles Graham & Co,
aud Ketchum & Son. 1t is stated that the
latter firm have over issued gold checks to the
amount of $1,000 900. and that young Ketch.
UNI has left for parts unknown.
| THIRD DISPATCH.
| New YORK, August l5--Anoiher statement
in explanation of the suspension of Morris,
Ketchum Il Co. is, that Mr.. Ketchum's son
had abstracted bonds and other securities
from the vaults of their banking house to tn
amount of So 100000 Another statement is
that young Ketchum has forged gold certif-
Gates to the amount of So, 100000, which
have been passed into the Golfers of other
banks, which will be the principal sufferers
After sitting the various ruinors, it seems 10
be established that young Ketchum is guilty
Of robberiss to the amount of not less than
81 600 600. He had for some time taken the
i place of his father in the management Of the
business, and possessed the failest confidence
of all who knew him. He left his home last
evening, and has not been traced since. His
partners did not suspect their losses yestsr-
day, so adroitly were his operations con
Quoted. ~ s.
BoURTH DIsPAToH.1 p aeT
y New York, August l5 - Edward Ketchum
who has sbsconded, is twenty-five years o
lage, and las been married about two or THE
years, and has one child. Before departing
he addressed letter to his father, 10 whic
he fully admitted his crime, and asked him Il
provide for his wife and child, saying he hat
lprovided for himself, e. . bas
1t is reported that he ATTRACTED bonds from
he safe Of the firm, but to what amount i
not known.
The Fourth National Bank, it is now stated
s involved ny his transaction to the extent o
1855 900, having negotiated some Of tn
f,rged rtifcates. 3IAe, Il
The last s. en- of young Ketcbum was ia
trunk store ON Broadway, whe e be had som,
fftesn packages of money, thought from
glance to be as much as 100000 Here b.
bought travelling bag
caro- from the Plesid Mt of the Fourth
National Bank says that 'he bank is perfectly
sound, and that the earnings for the last six
months largely exceed the amount Ct the
forged cert fcaes held.