The sun. [volume] (New York [N.Y.]) 1833-1916, 1865-08-18
LOCAL NEWS.
NEW YORK Am ruE vtc1yrrY.

THE KErCHuN observation-disclosures AID
BaoEtas sErrtrNa ruxiS Acc,usrr- -RvcovrnY
or rua C,tEdK Boox-TW CuNrsAL N,r Yer
AEREsTEp-A WARRANT GHASup-EXcrtrnrsr
| IN HARrvoRD.-The bapkor and brokers Of Wall
stroot have been much accustomed ~ "son uous'
that even the Kotchum affair Ia not kol, 10 tc con.
sIdofej moro than a 'roven dn,s Sonlo," b. the
| ccd-bloojed men who pursue wealth by solk-g.m.
bling and other fnsnciAl spesulations. Cpptaiia,s
| arc naturally excited whom anything occur.
| likely TO direct rublle attention to the in.
| security Of the banking institutions entrusted
With tho caro- Of their funds; but whom tho
smoke q an excitement" blows away, and tho
wounded are ducovered the unhsuned lookers-on
coldy turn away, and 80 about their own business,
| with a shrug OF the shoulders which Feems TO ssy,
Served th,n rieht tor being In the limo Of hrc."
! Tho ketehum fsud, however, has caused greater
amount o. unoa,'neS among bankers and brokers
than any other Of tho hind, that has occurred
In wall stree, the Schuyler affair The forgery
| OF gold checks created lesc disturbance than the
| then OF sccurite, deposited with the firm
Of Morri. ketchuu, sen Co. Tho fact thst
Que member OF that firm ooung Edvard) did rob
the Of stocks and bonds -le a. collaterals
BY un'urprc'lus customers-hu induced hundreds Of
deposon to Walt their bankers and inquire into the
condition Of their respective deposits. Yeetcrday,s
sruNt deal Of h. md Of business transacted In
| tho Wall ,t-eet Offices Parties who had len their
securities 10 tho hands Of di iGerent bankers insisted
on knev.s whether their property still securely
| held, and bankers who had advanced money
| On eons'eras we're engaged In taking
| an "sooount Of stock" Tor tho pur-
pose of ,aiisfyine themselves, that they had
not also been made the victim OF somo nice young
man" or partner. In consequence Of these invests
| ssiion. Msdsmo Rumor went dying around tho
/ str bu ktuf ino lha Of "A she m
come new tale Of defalcattons discovered. unscru-
puous people took sdvnntsgs Of tho occasion annoy
sod ,njure opposition frn. Tut thus far Of tho
rnrloIod frauds failures have been made public.
wholesome effect has, however, been produced, and
| 10th banks and customers viii be benefited by -
| general . scrutiny Of banking Affairs.
| The comnittoe appointed by the Board Of Brokep
to invetlsste the fraud Of Edward b. Ketchum,
| yesterday eomrnoneed their work, aud in
| dustr1ousiy collected evidence, which. when
| published, will bs ~ nosrly an authentic his
tory Of the fraud can be complied. Owing to the
Ieticence of interested parties and tho linsness
| OF othors N mare public what thoy know, our
reporters have gathered very little 10 add to ths In
| formation given IL previous issues Of the sus.
David Grosab-ck, EsI., tho assignee Of Charles
| Grsh,m 4 Co. has obt.ined an attachment against
the property Of young Keichum, and Sheriff Kelly "
nov In possession Of the premiseF corner Of Madison
| avenue eud lnlrtN sIfch hh NN
sworn to by Mr. Grossbect In which hs declares that
Edward u. Ketchum ovcs him CU'roesheckl, US u.s.
.Iguee Of Chas Graham q Co. the Of $4,000, and
! that said Ketchun hs- sbscoudod. Ihia preliminary
legal proceeding followed up by dozen othors,
all necessary W place the detective officers upon tho
| trail Of the criminal and secure 10 his cIeditop
vha,over property thoy discover has been leit
ehind by tho fugitive. The check hook found
4, Recbum's house by Mr.. Charles GrAhrin, who
brot .ht II down town yesterday morning. Throe
hund >od aud ffy cheeks had been drawn out OF tho
dy, A. ,ndred which tho book originally contained.
In.to.d Of using tho checks they wore
nw,bor. 4, tho int fifty remain, and then
the uumt os appear TO have been used in manner
that would prevent extended ,erios from get.
ting into tl,o possession Of any bank ndivi-
dual holden. Thus number 1856 was filed up,
but numbo Z, 5S SJ7 not ssed and 90 on In many
Ipstau coz all thrOt gh tho book Ono check, which
had leon partly torn ont bore fair imitation of the
,ignatuIs Of "C.laTk, Dodge & Co." The names Of
"rheo Ward" and X. Booker, officers Of tho
Bank Of New York appear on the loft hand, but
p,or imitation, of tho gonuine--the name Booker"
being intended. for "Bunkor" In this noctloa It
may bo proper 10 notice a ststemont that has leen
made " the eiReo, that young Ketehum frcqutn.-
ly obeeryei Ina ultins the signature Of Wo known
firms while IDLY ersing with visitors, who t,lEed
With him in his office. Other incidents are men
toned, some Of which appear W 10 put forward
with tho design Of hereafter using them, as
evidence that the young man insane.
The frn Of Ketohum, Son Co. have assigned their
assets to 7. q. Calhoun, President Of tho Fourth
NatioA al Bank, and Mr.. Bemeut former partner OF
Morris he lohum, Esq. The firm have Issued a card,
in which they deny the published btatsmonts that
they engaged In stock specuatons Koid trans
actions They also declare that In February last they
ceased 10 employ Mr. Graham as their broker on sc-
count /" Of his frequent absence from town" A this
fm were tie agents Of number OF banks In Haft-
lord considerable excitement caused In that city
by the news, ami ruInorJ current that un lai
beon CONNIE noed upon tho institutions that hGd
many millions Of dollars dopoBitci with ketchum,
Son a. Co. These rumors Welc disposed of yesterday
by tho receipt OF telegram defining the position "
the Hartford bsIks, AZ follows;
''Ihey are all in rood ccndi ion and have tho entire
eorhGsnco Of the community, II - uuIefstoJd Their
lOsGes tLloulh krtCnum vii bs small at ell enta
viii not lie tlOul tU atioct the standing or security
OF BnJ Of tue bshkh'
Tho Ph.lsdelphiA people have also been excited,
and lGfse aIuOuns Of stOA we're offered iCr ALE but
prices did not indicate anything like apInie The
bankers Of n, cty o "Brothery love" are also ever.
hauling then counts, and looking inlo their siaIs
generally.
Thus far, no clue has teen obtained as TO the routs
taken by the forFer. Ihe Ensuh steamer which
sailed from Botton Oh Wednesday, was watched, and
. detective officer acquainted with Ketehum, 'snt
tConLiansd On ths iAAi PACE