Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1865-08-16
SC. SC. &c. &C. sc.


NV YoRK, August I5-Another develop
ment OF the forgery Of gold Certificates hes been
made 1t appears that Mr. Ketchum. OF the frm
Of Morris kstchum. Son 4 Co, has been ia
charge OF the business Of Chls Graham, banker
on Exchange Place during the illness Of that
gentlemen. Upon his return 10 his Office, he dis
covered that several checks were missing from
his check book; this fact has led 10 The suspicion
that Mr.. ketchum il concerned in forgery of
certain fraud chscks taat have within a few days
past been brought 20 light; at all events he il
absent. Ii il said that Mr. Graham he's been
victimized to the eItedt of S2s5 900.
This morning. the firm OF Ks;chum, Son
i Co, suspended ptyDeat; AMI Graham Co.
have announced their inability 10 meet engage
ments for Graham stated at the Board, he hoped
to be able 20 settle all bis stock contracts at
tO-dsys prices.
Another statement in explanation of the sus
pension of Morris Ketchum. Son & Co, il that
Mr.. Ke;chum's son had distracted bonds and
other securities from the vaults Of the banking
house, TO the amount Of 81 600 0OO
Another statement Is that young Ketchunl
forged gold certificates 10 the amount Of 50 $780,
600, which bad been passed into the Golfers of
the banks, Of which they will be the principal
sufferers.
VariouT rumors, i; seems, established young
Ketchum guilty of robberies 10 the amount Of
not less than 81 900 600.
He had. for some time, taken the place OF bis
father, In the arrangement OF business, aud COS
sessed the fullest confidence OF ali rho knew
bin. He LEFT his homo last evening. and has not
been traced since. His partners did got suspect
their losses yesterday, adroitly were his opers
tioDs conducted
jenkins, the Phenx Bauk robber waived an
examination this morning and wss fully com
mitted.
The Post says concerning the failure Of Morris
ketchum, Son K Co. The failure has occa-
STONED more profogDd sensation than any simi-
lar event which has occurred for some years.
attended, as !. 10. by the flight Of one of the
junior members Of tho firm, who has. distracted
securities TO a large AMOUNT, besides drawing
out of the bank as much "a possible Of the avail
nble funds OF The Erm On the discovery of
these facts, Mr.. Morris Ketchum ordered pay
ment stopped, and in a few days be would be
ready to submit to The creditors proposition for
liquidation; meanwhile all remittances are &c
posted in bank to the credit Of the rsmi,tcr
The large capital of the firm and wealth oil it,
senior partner renders IL probable that the loss to
creditors will not be 40 heavy az At fra, reported
II is as yet too premature to attemp;to state the
amount OF the defalcatien. but it is varously es-
timated at from two to four millions of dollars
Edward Ketchum, who has .bsconded il %
years OF age. has been married two or three
years, and has one child. Before departing he
left letter for his father to provide for his wife
and child. saying that he had provided for him
self
u is said he distracted bonds irom The safe Of
the firm. but % VIVA; extent Is not now known.
The Fourth National Bank, il is aow stated,
IS involved by his tt,u-setons 1855 600. having
negotiated some ~ The forged certificates
The last seen o. ketchum was IN trunk
store Oh Bro cway. when no had come fifteen
packages OF money. though, from glance to be
~ much a. $50. OJn. srd where he bough, ira
yelling bag
! A card from the President OF the Fourth Ma
tional Bank says il il perfectly sound. The earn
nngs Tor the last ak months exceeding tho
Amount OF forged certificates he'd