The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-08-17
WALL STREET
Additional Developments Of the
Recent Frauds.
Three to Five Millions OF DOL
lars Involved.
The FLIGHT OF YOUNG KETCHUM.
Statements Of Morris K Ketchun, Charles
Graham and the President Of
the Bank Of New York.
LETTER FROM KETcHUM, SON & co.
WHAT THE BANKS LOSE.
The GOLD CHECKS.
81 ~~~~~~~~e~~~~~~o>~~o~~~
= Arrest Of P. r. Mumford, the
Gold Operator.
%
His Commitment i'm Default Of
$4,000 Bail.
efatls.. s>~~>~>>>o~~>>~~>~o>oo>
arrival q Tow::sssnd, tss prsw
zAven Deeaulter.
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THE STAMPEDE AT SARATOGA,
Z a &c, &C., &c.

os ne excitement In Wall street and the environs con-
y uent on the discovery Of the immense defacatons,
s4ows no signs Of abatement The theme OF conversa-
tion and speculation 10 still the places of busi
0ess or the street, in the restaurants where
1nanciers and embryo iionares usually congregate
wards MONDAY. Little groups noticeable every
whore discussing the matter and anxously nquiring
70 the developments which momentariy expected
oome of the most inquistve indscreet as
- enter the establishments occupied by Mcssrs Ketchum
Co., anA gaze around in wonderment as II the very
walls possessed Of the property Of revealing the
whereabouts of the defaulter or better s the where
abouts OF the missing money At late hour In the az
1ernoon the tale Of the defacation still the lips
sf ALI and the laying of the cable the Jenkins
the recent murder entirely forgotten
" the ever welcome dawning Of q new excitement
THE DEFALCATION DISCOVERED.
me public has not yet succeeded in ascertaning posi-
lively the manner in which the defalcation was scov
cred Among the many rumors which found credence
yesterday the street which set forth that
house Of l. Won Holman d Co. had been first to detect
Ahs forgery, inasmuch check in their possession
the Of Brockelmann not correctly spelt II Is
sad that the chock was presented to Mr. Graham
and promptly paid It is further added that Mr. Won
Hoffman Immediately advised the firm Of Balzer Mar
70 withdraw their loans the gold checks without
withdrawal The members Of the last named house.
ing upon this advice without nquriug TO the
chat prompted II, at withdrew their loans which
amounted, It Ia rumored, to about $50, 600
THE FLIGHT.
The last check drawn by Edward Ketchum was In the
Arms name, the City Bank, for sixty thousand dol
lara Ketchum himself presented the check, and re-
quested that the amount should be given him in large
bis It happened however, that there was but small
amount Of these hand the bank and was mostly
paid In bills Of lesser denomination which fact accounts
Sor the "piies Of Treasury notes with which he was
eeen proceeding through Broadway Monday afternoon
The HERALD Of yesterday related the incidents of his
hight and stated that he had left the city II is now
anrmed that the dcfaulter has fed for Halifax there to
take the steamer for Europe As were also
rent that he had gone to Boston, detective
Shither yesterday morning with orders to search all
steamers bound for the continent which may sail from
shat port. Meantime, mono Of the family and Of
The hrm have the slightest knowledge Of the where
abouts Of the fugitive.
ATTRACTING THE SECURITIES.
has not yet been asccrtaincd how long the nbsrac
t0n Of the securities n charge Of Kctchum, Son Co
has been In progress 1t well established however,
shat the work slowly and cautiously DONE The de-
fauter, member Of the firm and temporary manager
" ib business had every facility for the commission Of
his crime. Having access 10 all the books and being
obe 70 draw from all OF information he well
ewaze what securities would be called for at given
time and could easily learn the various periods for which
loans had been effected 30 skfuly and secretly did he
proceed with his guilty operations that the most suspi
cious Dsr had any nklng Of his actions up to the dis
oovsry Of the defalcation and flight Of the defauer
THE WORTHLESS CERTIFICATES.
has noe yet been definitely decided when the forged
gold certificates were first used by hypothecaton On or
shout the 2sth day Of June the check book from which
thsy Gut must have been obtained as on that very
Gay checked thousand dolIarsthe price on sums de.
posted for tho check book-was paid by Mr. Graham.
The signatures 40 has already been stated are very
eaSeessy executed and the grossest neglect could
admit Of the acceptance Of the checks any well rcgu
lated banking establishment Not q few, II is stated,
can be recognized being In the handwriting Edward
Kstchum. II win be some time before the number Of
che worthless checks and their total value be def
nj tsy made known TO the public.
rRE DErAuLTER's STOCK sPEcuLArioss.
II is rumored among those who by dealings with the
orm long personal acquaintance with Edward Ketchum
ere likely 70 be we'll informed that his stock and gold
epscuAAions the sole Of his His habits
ere said to have been unexceponabe and his trapssc
Cons hisherso scrupuIousy correct and honorable hi,
Amlly consisting Of q wife and child, were always well
osovt6sA for and the father makng him the conadsnt
~ II Ne business matters Of the nm, by reference the
- uls asamsd shas has would bs guilty of
- - dsbssssssls Acs cs any nature. NJ. Movyis
9s>hmU wss for sons time kept In absolute ignorance
- - youas mans stock speculaticns bs before long
>hsy wv 70 sxtsnsive that the nrm, No wen ~ all
Satds psrss were made that he was ooe Of the
oFgssl spectators the street was by these
transactions shas the money oss, though when he
psnnsacsd hs operations his recosoised business CO
oasily snd integrity seemed 70 guarantee that he would
~ saiss into any speculation which did not give every
psurancs Of succs Not content with dsvoiIng all his
wns snd energies 70 business he employed several
sesA snd half dozen agents represented hs, a. the
G0ulns 1sshangs with unfAiiins regularity.
rup o0NvEssIoH or rHs pRpAULTnR.