The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-06-24

neve so STILL Hence, when he began to operate !
was with bfm heart and soul. He wished to pay on
biished m,seif on a an frm A"H footing and my
house nad a sohd character. Our balances were
large. Mt. ketchum began cautiously and where ne
coud see MS way clear and the consequence was ne
made a very large sum OF money. Matters continued
"a this way. He made and lost. He mad notion OF
Als own, with which l did not agree. HIS theory
was thar after the July interest was pad In gold
there would be rise. He spoke Oh the shipment OF
cocon and used other arguments which induced him
10 bug large quantities Of coin. could not OBJECT
az 10 his margins. They were ample ana ! was
simpay his broker. though felt intensely inter,
was my success, for stood by him as brother and
remembered when he stood BY me. My interest In
him was not dollars and cents, 1t was purely one OF
affection. For a time he made brilliant raids OH tie
market and his purse grew plethora, but when ms
turn came his operations weakened him bis margins
grew thm told hlm must have more. He said
ne had plenty OF means, and believed 1t up To last
night. Lale last night didn't IKE the outlook. !
had prem0niton OF the coming disaster. Gold Tell
this morning and | knew II would be worse than
useless to try and keep up. This morning Mr..
him. In my interview. which was very pam
ful-more painful to me than TO ham,
s as a 70 no ns
margins Then sent my letter las above), and the
panic came. good many settled quietly, and II
fallen to ITO. But good many sold short to break
RsPoRTEa-This then. was matter of feeling
Mr. BoyD-Precisely. i went into it not from
greed or Tor gain, Dut Tor my personal attacnnent
toward Mr.. Ketchum. i told nm this morning that
had no unkind word for him, ana shall stand ny
him, come what may As told you, wanted to
place him where he belongs. His genius entities
| him TO "a high position, and between nm and me
there was common tie as necessary to each other
as air and water to either Of US.
REPORrER-What will be his future?
Mr.. BOYD-He Will come out all right He has
| brains and have confidence in him. Why at one
time recently
COULD HAVE BROKEN THE GOLD ROOM.
REPORTER-What Is the upsh0t OF the whole bust
ness2
Mr.. BoYD-wel, our losses are $4,000, and am
preparing astatement OF the liabilities for the Gold
Board. Our debts Will run from sums OF $50 To
$4,000.
Mr.. Boyd further stated he did not wish to equivo-
cate, and that he 04ld pay his debts dollar for dol
lar and that no one shonld lose by him.
Mr.. ketchum left the street early In the afternoon
for his residence at Rverdale, feeling keenly his
friends and his own sad fortune His father, 1t Is
said, is worth 81 $1,000, and II Ii believed that
4 young man to whom he Is devOtedly attached will
not suffer long from this sdnen prostraOn. 1t Is sell
DOM indeed, that Wall street has shown such inter
| esting and romantic operations where all the finest
and manifest traits have been exhibited In exciting
onslaughtS upon the moneyed breastworKs-a
friend standing to a friend, fortune going credit
going, all going simply to elevate young who
may yet shake Wall street as IL was shaken,
even by Vanderbilt and Drew.