The New York Herald Newspaper, August 17, 1865, Page 1

“WHOLE NO. 10,580. . Recent Frauds, lars Involved. ‘Mtatements of MerrisKetchum, Charles Graham and the President of the Bank of New York. WHAT THE BANKS LOSE. een . THE GOLD CHECKS. » oti e Arrest of P. RB. Mumford, the fi Gold Operator, @ 2 His Commitment in Default of Arrival of Fowszcad, tm; Fzhven Dofsuiter. ae THE STAMPEDE AT SARATOGA, de. &e., de. .* “he excitement in Wal) street and the environe, cov- ‘yagemt on the discovery of the immense defalcations, i auows no signs of abatement, The theme of conversa- ion and speculation is still the same in places of busi- tems, or the street, or in the restaurants, where Snanclere and embryo mijlionaires usually congregate to- ‘wards noonday. Little groups were noticeable every- ‘where discussing the matter, and anxiously inquiring as to the developments ‘which were momentarily expected. Some of the most inguiaitive were even 60 indisereet as to enter the establishment oceupied by Mosers. Ketchum & Co, and: guise in wonderment, as if the very ‘walls ‘were possessed 6f the property of reverting the ‘whereabouts of the defaulter, or, better still, the where- @doute of the missing money. At a late hour in the af. fernoon ‘the’ tale of the defalcation was still on the lipe @f all, and the laying of the cable, the Jenkins’ cas? and the recent murder were entirely forgotton or set aside at the ever welcome dawning of a new excitement, THE DEFALCATION DISCOVERED. ‘The public has not yet succeeded in ascertaining pori- ‘ively the manner in which the defalcation was dixcov- ed. Among the many rumors which found credence yesterday on the street was one which set forth that the house of L. Von Hoffman & Co. had been firat to detect ‘he forgery, inasmuch as ona check in their possession ‘the name of Brockelmann was not correctly spelt. It is gald that the chock was at once presented to Mr. Graham and promptly paid. It is further added that Mr. Von- ‘Hoffman immediately advieod the frm of Balzer & Mar. use to withdraw their loans on the gold checks, without ‘volunteering any explanation as to the reason for such ‘withdrawal. The members of the last named house, act- wg upon this advice, without inquiriug 4s to the cause that prompted it, at once withdrew their loans, which ‘Bmounted, it is rumored, to about $40,000. THE FLIGHT. ‘The last sheck drawn by Edward Ketchum was !n the firm’s name, on the City Bank, for sixty thousand dol- tare, Ketchum himself presented the check, and re- quested that the amount should be given him im large Dilla, It happened, however, that there was but a small ‘amount of these on hand at the bank, and he was mostly paid in bills of lesser denomination, which fact accounts Yor the “ piles’’ of Treasury notes with which he was geen proceeding through Broadway on Monday afternoon. ‘The Hrasw of yesterday related the incidents of his Bight, and stated that he had left the city. It is now affirmed that the defaniter has fled for Halifax, there to ‘take the steamer for Europe. As rumors were also cur- Rent that he had gone to Boston, « detective was sent Phither yesterday morning, with orders to search all steamers bound for the continent, which may sail from ‘that port. Meantime, none of the family and none of the firm have tho slightest knowledge of the where- bouts of the fugitive. . aBSTRACTING THE S£CURITIBE. Wt has not yet been ascertained how long the nbstrac- tion of the securities ia charge of Ketchum, Son & Co. has been in progress. It 1 woll established, however, that the work was slowly and cautiously done, The de- Sanker, as & member of the firm and temporary manager Of ite business, had every facility for the commission of Aiecrime, Having access to all the books, and being ‘eble to draw from all sources of information, he was well ‘what socuritics would be called for at a given time, and could easily learn the various pétiods for which Joans had been effected. 80 akilfully and secretly did he proceed with his guilty operations, that the most suspt- cious ggger had any inkling of his actions up to the dis- @overy of the defalcation and flight of the defaulter. THR WORTHLESS CERTIFIVATES. 16 has not yet been definitely decided when the forged Gold certificates were first used by hypothecation. On or about the 28th day of June the check book from which Mey were gut must have been obtained, as on that very ‘@ay a checked thousand doliars—the price on sums de- posited for the check book—was paid by Mr. Grabam. + Thesignatures, as has slready been etated, are very carelessly executed, and the grossest neglect could alone @Amit of the acceptance of the checks in any well regu- dated banking establishment. Not a few, it is stated, gan be recognized as being in the handwriting of Edward Ketchum. It will be some time before the number of She worthless checks and their total value can be dofi Bitely made known to the public. “PRE DRFAULTER’'S STOCK APRCULATIONS. It is rumored among those who, by dealings with the Orm or long personal acquaintance with Edward Ketchum, are likely to be well informed, that hie stock and gold - @peculations are the sole cause of bie ruin. His habiw ere said to have been unexceptionabdle, and his trausac. one hitherto scrupulously correct and honorable. Hiv of a wife and child, werd always well ‘and the father, making him the confidant inatters of the firm, by reference to the @reamed that his son would ever be guilty of a Partees, were made aware that he war aoe of the specalators on the sirect, + was by these that the money was lost, though when he B Die operations his recognized business ca. and Integrity seemed vo guarantee that he would ‘Pet enter inte any apeculation which did not give every Of movem, Not content with devoting all his Gnd, enorgicn to business, ho oimployed several ‘ - ean = he -eerermaliadaa Giraming Bzohangs with roguinrity. pall CONPROMION OF THE DRPAULTHR. Mahi Reward Korhym wrove a totter to hin LL STREET Additional Developments of the to Five Millions of Dol- THB FLUCHT OF YOUNG KETCHUM. ~ “LEFTER FROM KETCHUM, SON & CO. * father, asking thas jnis wife and child should be cared for, and giving kn account of his operations as a partner in the firm, ‘The names of the persons and institutions with whom he had hypothecated the missing vecuritica were duly given, and Edward gave explicit directions as tothe course to be pursued by the firm, Mr. Morris Kotchum declined to furnigh the letter, verbatim, for pub- lication, THE LOSSES OP THE BANKS. t ‘Thus far it is known that the Importers’ and Traders’ Bank and the Fourth National Bank have been lovers ‘py the defaication. The cards of the directors of both ‘ngti- tutions were published in yesterday’s Hepat. . ‘The reporter yesterday called upon the officers of the several banks of Wall street, and made all iv quiries as to the facts of the defalcation cave. At tne Mechanics’ Banking Association such information wag refused as related to the supposed losses eustaiged by the institu. tion, At the City Bank the repoyter was told that Mr. ‘Ketchum had still » small balance of money in the bank. At the other establishments the, officers aud attachés joy- fully made known the fact that they had not been vio- tims of the defaleation. THE LOSSES OF KETCHUM AND 60, ‘So far as the interested parties haye been able to ascer- tain, the losses of the house of Ketchum, Son & Co. will amount to about two millions five hundred thousand” dollars, As the lists of securitics were not kept, it has ‘Deen impossible, up to the present moment, to determine the value of the missing papers, The abstracted securi- ties were not exclusively the property of dealers with the banking house, but belonged im part, it is said, to the firm, As was stated in yesterday's Hinaup, Messrs, Ketchum & Co. are placing in bank, to the credit of the emitters, all funds sent to the firm. They will hold . themeelves responsible for the missing securities, owing to the fact that they were abstracted by a member of the firm, though it is doubtful that the law could compel them to guarantee their recovery, inasmuch as the name of the firm was used only once by Edward Ketchum, when he obtained upon acheck, the very day of his fight, the sum of three hundred thousand dollara MB. GRAHAM’S LOBSBS. The losses of Mr. Charles Graham, who acted as broker for Edward Ketchum, will, it is presumed, be more than equal to a million of dollars. In bisown name he had hypothecated for Mr. Ketchum forged gold certificates amount . amount above atahed, Other certificates received from Mr. Ketchum, equivalent jn valug 10 wWards of sah ntnadred Tataey doa, ee wince the digcove- ry of the defalcation, bega pronounced genuine, after baving been submitted to minute examination. Mr. Graham, ft is announted, is making the necessary pre- parations to effect an early settlement with his creditors. STATEMENT OF MR. MORRIS KETCHUM. Mr. Morrie Ketchum, senior partner of the firm, on being called upon, declared that he had no desire to make a forinal statement, though he might possibly conclude, at some future time, to do so, He merely remarked:— “My son Edward bas committed # great crime. He has taken from me between two and three millions in eecu- rities—the assets of the house—besides, I fear, doing other wrongs of great magnitude in connection with the gold checks. The bouse cannot go on, of course. I stopped payment on Tuesday morning, partially, that I might understand our condition and know exactly where wo stand; but I don’t see how we can goon. Our remit- tances this morning were very heavy, and were all de- posited to thecredit of our customers, I have no idea where thy #0n has gone. What could have tempted him to do thie'thing Ecannot say. He had- everything which could make his life pleasant, and his position here was peouniarily such as must have vatisted.him. Ho was av my house on Sunday night, siice when I have not seen him.” TO THE EDITOR OF TBE HERALD, Naw Yoru, August 16, 1665. ‘Will you please give a place in your columns to the fal- lowing letter, which we have addressed to the editor of the Jimes, and oblige KETCHUM, SON & CO. ‘New York, August 16, 1865. To su Epitor or tre New York Towxs:— Dear Stk—Your money article of this morning, and, to a less extent, those of other daily papers, contain im- uitations and misstatements as tothe character of our jiness dealings, which are calculated to greatly injure, not only ourselves, but the interests of our creditors. It ig not true that we have ever engaged in excessive speculations in stocks or gold, or made any “heavy Jonses”’ thereby. We had nothing todo with the “recent upward movement of gold’’ beyond owning a very mode- rate amount, not increased since July 20, and most of the time not sufficient to supply the wants of our ‘short’ customers. ‘We have not been recently or ever borrowors of money, and, consequently, have not bad to “provide margins on loans,” either in the ordinary way, or, a8 insinuated by your money editor, by dishonest practic We have and have had no etock or gold ‘under hypo- thecation »’ but, on the contrary, have always been large lenders of money upon the various eecurities dealt in on the street. Owing to the frequent absence from town of Mr. Gra- ham, we ceased giving him orders in February last, and have not since that time employed, in any manner, the services of himself or his firm. Our suspension is brought about solely by the unhappy culations and the frands upon us resulting therefrom of one who, however unworthy he may have proved, peepee! by Pod an a bese Baten e confidence of who knew him. pectfally, you KETCHUM, SON & CO. AN RSTIMATE OP THE LOSSES. Th is reported that the firm of Morgan & Dabney held $100,000 in forged certificates, the Importers and ‘Traders’ Bank $335,000, the Fourth National Bank $255,000. and Charles Graham & Co. $286,000, giving thus fara total of $965,000 in worthless checks. No doubt the amount in the hands of unknown parties will increase the sum by half a million. STATEMENT OF MR. GRAHAM. Mr. Charles Graham, who acted as Mr. Edward Ketchum’s broker, made the following brief eapost of such facts of the case as have come to his knowledge :— “1 wos Mr. Ketchum’s broker. He was a very heavy operator. Some time ago he made a great deal of money, but lately he Jost. when I wae at home he fre- quently checked, by my advice, his operations, and quite likely, had I been here, I boing older, would have cau- tioned him against getting in so deep. The check book was Kept here, but it was entirely in his charge; we had nothing to do with it. Having perfect confidence in him we did not scrutinize the checks as closely as wo should; we took it for granted that he wae all right, and so were his checks. We always took the number and signature of the check, &c., eo that in case of wrong they could be traced; but we never looked care- fully at the signatures, supposing, of course, that they were correct, The checks were used to carry gold. The banks prefer that it shouldn’t be known how much they lose, and other parties are interested in keoping the mat- ter quiet. Ihave been compelled to stop payment. 1 was out Of town when this occurred; my partner tele- graphed for ine to come down at once. 1 did so, sue pended, and made an arsigument to David Groesbeck. have no idea where Ketchum has gone, nor what is the | amount of his forgery." STATEMENT OF NRW YORK BANK. Mr. Leverich, President ot the New York Bank, has made the subjoined statement;— “Mr. Edward Ketcham was introduced here to Mr. —— in June last, when he made a written application in be half of Mr. Charles Grabam to open an account, We gave him a gold cheek book which contained five hun. dred checks, running up from No. 68,601, These checks need the four signatures of ‘depositor, register, teller and endorser before they ean be of any wervies. ‘The; numbered and checked, #0 there can be no porsibili any fraud here, Mr. Ketchum handed us a check for one thoneand dotiars, drawn by Mr. Graham; but since the book was taken Mr. Graham bas neither made a de- posit nor drawn a check, although he paid one thousand dollars for that privilege. On Monday T herd that there ‘Wore forged checks out, I looked for them and found three, ‘One signed Brockelmsnn, Unger & Co, and two signed Haligarten & Herefeld, Aftor I went out of town at ave o'clock twatve other turned up, each for five thousand | dolare, It ta « singular fact that none of these checks— und there tx notelling how many of them are out, asthe book cannot be found—have been presonted either for deposit or payment, It ie more than probable that the forwed cheoke were ysed simply as margine, and that the Prooeeds of the sevuritien which he is said to bave taken from the house were ased to take op the checks when the margin wee exhaneted,”’ THE APURIOUK GOLD UMRUKE IN CONNHETIVUT. Tt lenow currently reported that the counterfolt gold checks, to the amount of sevoral hundred thovsand dol. lare—a fow entimate the aum total at fully » million of dollarn—have been taken ontelde the city and deporited a coliforms for igang, Now Bayan, Connggpicas, in ong eee oo. | twenty-five yeare sinee, NEW YORK HER ALD. NEW YORK, THURSDAY, AUGUST 17, 1865. —S> cel ping summary punishment, ; Finding = Feed PRICE FOUR cCBNTS. of the placer naned.as having been victimized by B, | that Jonee profs pace > Aer B, Ketcham, Se anima grmee a8 fms the roca rst our Man de mourned Fetted ny | of the disease, Jah ta bene that bonosforth more leetti. | female compenion-y bey yy sentra th ba og fe wh | hn re pend ah ao et imcermeeeaartsrc | waarmee oe have a “fail mtreot gold check for five thousand dollars Hos of $8,000 or 8,600 per year Werlive ak cass Impariin leaving. predenoe snd honsety to be the future Vote cal funda, Besctive ve ie brou‘sht to the light In either event, he is sure of re- and people; but I ropentnnn Wt tha Cae een Te, et Gi him, and after tracking from te potas | moneyed men should look to it that itdoes not gr“ | tioned inthis Gite Reset bon einai ao oe i, eoue aac deca, $y Cortes by the reseatenaes ea enen Plea “equal | besides diamonds, gold watch abd a vompen” that there are many persons, even within freedom. One of the defaulting parties fr 5 pagal heracadhesbes lo to-day. well-informed financial circles, in the city and adjoining aa the wealthiest and moat persistent eit 4 Of te Mi Country, who are not correctly informed es to he | FAP GOT Atreet ‘by his onctine nya he ‘excited THE MILITARY EXCURSION. character of » gold check, its professional peculiarities BROKERS AT THE TOMBS. combinations against himself, ‘avert which he was com- et 4nd tho uses to which it may be applied, a description : pe er ee fran ions of 1s irretrievable ruin, | Arrival at Boston of the Battalion of the has been secured and {s given inthis connection. The following diagram—of course filled up with fictitious namer and figures—will give ‘an idea of the forms used by the Bank of New York for the accommodation of those who may doposit gold in their vaults:— 4 SPECIMEN CBEOR. RECO Oe ne EOE RON NOOO EOE ROE DONE, i No. £98, ‘The Bank of New York, | ; Nariomay Banning Associamion, SOE pay w the orterct myself, inj five thousand dollars, 4O 90,000. OIG RELC OC ORLC ELLE IEEE DOIIADNIEOE EEE Across the entire face of the draft, which 1s beautifully engraved and printed in blue upon white paper of the finest quality, and extending nearly its whole length, ie printed the word “Goxp,”’ in bronze, the type used being of the style denominated old English. As an additional safeguard against counterfeiting, the amount—generally $5,000—is written with ® pen across the whole ‘letter Press of the document, All that is wanting. to make a Gold check like the above transferable from hand to hand, after the manner of a check payable to bearer, or com- mon bank bills, is the signature—a duplicate of which is kept at the Bank of New York for protection against forgeries—of the drawer, Mr. John Roe, directly across ite back in his own beautiful and peculiar style of chi- ography. Por the convenienge of large dealers in gold regular check books, or sheets of printed blank checks, «ro provided by the Bank of New York, of * id wo above form, besten © glvon ous to en Vimited amounts, sch.cr retaining & Fécord of Pvivate numbers of his own, which he affixes upon eagh blank, vy which he may immediately recognize thg source from whence it comes, when it may be prcsénted for further filling up at his desk as the repres®ntative of an actual gold deposit. As previously stated, the gold check system was started to prevent frauds, ata time when gold was disposed of simply by weight, and it was found that some adroit rogues had a manner of filling the middle of their small pouches with lead, copper coins and other base motale, claiming all to be pure gokl. But from the transactions of the past few days in Wall street, it would seem that even aclearing houre is nota perfect check upon the efforts of @ persevering swindler, and that some other and more effective protection will have to be at once adopted by those who are dealing in the precious metal. THE STAMPEDE AT SARATOGA. The Wall Strect Excftement at the Springs. YO THE EDITOR OF THK, HERAID. New Yorn, August 16, 1665, The Wall street element in Saratoya was on fuewdlay and yetterday ina quiver of excitement, Fignratively speaking, mirth and laughter were tarned into maledic. tione and tears, ane @ host of “bulls,” carrying as their insignia “the horn of plenty,’’ were transformed into necessitous individuals confronting a peremptory de mand by telegraph for more margins. Dexpatehes ar rived early in the afternoon to the effect that Ketchum, Son & Co. bad failed, and that Charles Graham had fol- lowed suit. Of course we all knew that it Ketcham went overboard Graham would share his fate. But I am walking into ‘the etreet.”” “Let me to my tale,” ax the old poets aned to ray. No sooner was it known that Ketchum and Grabam had “gone under” than # general smash was anticipated, and @ general stampede commenced. The great subjert of conversation during the morning bad been the Great Eastern and the cable, to which » fresh impulse was iven by adespatch reporting that the big ship was “gailing slowly into Aspy Bay with ler colors flying.” It afterwards proved to be what is classically called a “soll,” and several bets wero lost and won on the strength of it, Now, however, that a panic wes announced in Wall street half crinolinedom joined im lamenta- tions, and the fair urged the brave to repair instantly to New York. But the brave required very little urging upon this point. ‘The afternoon train carried away a large portion of Wall street, notwith- standing that numerous promised drives to the lake were interrupted in consequence. A few, however, were Importuned to stay, and with charucteristic amiability they went to the lake, and some of them afterwards to the concert given by Jerome Hopkins, at Leland’s op honse, and finally tothe “hop.” But they w preoe- cupied, and only postponed their departure because by going by the afternoon train they would have rm New York too late tor business, A few were bent sitting up all night and taking the train at eighteon minutes past three A. M.; but they were assured at the hotels that that train was very uncertain, and that the half-past seven o'clock train would land them in the city ‘at half-past two in the afternoon, and #0 they waited over. 1 was one of those who waited with them — I drove to the jake and drank milk punches and ate fried potatoes, surrounded by beauty and ‘waterfalls,’ and I went wo the concert and eaid ‘hear, hear’ to the performe which was excellent, and then dan ed at the “hop, after admiring the loveliness around me to my content, I resigned myself to the embrace of Somnus, and awoke to the cry of “six o'vlovk” and a ba door. I travelled by the Harlem road, aud hurled ane thomas at the hotel bookkeeper, who did not tell me the ‘teain would not reach Now York ul) a quarter (o four ‘The rest of Wall street on the train were in the same de- ghtfal and contented frame of mind, but wa alt bore it beroieaily, We seized the Henarn spasmodic & boy came on board with it at a wayride stati read with avidity all about Ketohnm & Co,, with Hittle regret at having had our visit to Saratoga thas suddenly cut short by what I may term a partial suxpension of in sulation in Wall street, How J} sympathize with those dear creatures still at Saratoga, whose hurbanie and fathers left them eo suddenly to their own resources! But such is life, and Tam Mephistopheles enough to be- Neve that sometimes “out of evil cometh good,” and that Wall street warnings may carry wisdom to the wise New Your, August 16, 1860. JOHN ROE. ‘The Salaries of Wall Street, TO THR EDITOR OF THY NKHALD. Knowing your disposition to do right by all, aud, hay ing Deon ® constant reader of the Herann for certainty thirty years, F wish to state to you that Tentered asa Heueck clerk” In one of the Wall street banks about ng which time 1 have been promoted from “oheck clerk to bookkeeper and from “bookkeeper wa dlacouny olerk."* On my advent in this banking institation ae ee, clerk T received two hundred dollar por anno, and when made a bookkeeper I received eiuht huodred doliare, and now, af discount eberk, 1 get one thourand five hundred dollars & year, I have «family of six chil- dren to provide for, You know that av the httle ones Krow np oor expenses tnereare, not only for clothing and drengen, but ior ecacation, Baw, ae you om a Now Yorker and the father of a family, f ark you bow fur a Years, end, daring that Uma, twe of oar cashiers bave died, one leaving two hundred thonaandtollary avd the ether nearly throe hundred thousand dollars, wod that ‘o% will natorally say, “How wan thin necom. It ie “eS ogg Pa yw a a , cuntor W ier for a dieeount. The bank is convententiy wa the haa v0 everything sirable in life, Tp- Warning is impressive, Let it be Accumulation of the Wall Street |" Troubles. Arrest of Peter R. Mumford on Charge | rm, sod tre of Fraud. One Hundred and Forty Thousand Dollars in Gold Said to be Involved, &e., &e., &e. ‘The troubles of Wall street accumulate. The plot thickens among the bankers, brokers and speculators in gold, and new cases of crime among the bulls and bears come daily to light. The Tombs Police Court was the ‘scene of one of these revelations yesterday. Mr. Peter R. Mumford, who has been doing business as a gold broker at No, 67 Exchango place for some time past, was brought before Justice Dowling under arrest, upon an affidavit made against him on Monday last by Mr. Cornelius Ward, of the firm of Greenleaf, Morrie & Co., of No, 44 Exoh place, Keres and brokers, The 2 OP NS £9 Saopan : me aiNdavit charges t Srae chi hes ided. the abov firm to the aiidint of twenty-oight thousand two hun- drey déllare by means of a worthless check for that sum drawn on the Mechanics’ Bank of New York, and which waa supposed by the firm to be an equivalent to twenty thousand dollars in gold coin purchased of them by Mr. Mumford the preceding Saturday. Upon presenting the check at the bank, however, they were informed that the requisite funds were pot there to Mr. Mumford’s credit, and payment was consequently refused, There- upon the following complaint was made at the Tombs:— Police Court First District, Cuy and County of New York. —Cornelius Ward, of No. 44 Exchange place, being duly sworn, deposes aud says, that on the 12th day of August, 1865, at the city and ‘county of New York, he ved from Peter R, Mumford the paper hereunto an- nexed, purporting to be a check drawn by himself to the order of Greenleaf, Morris & Co., for the snm of twenty- ight thousand two hundred dollars, in payment for pola sold and delivered to him to the amount of twenty thou- sand dollars. Neponent has since been informed that there were no funds m the bank upon which it is drawn to meet the rame, and is worthiess. CORNELIUS WARD. Sworn to before me thie 14th day of August, 1865. Jowxra DowLinc, Police Justice, ‘The check referred to in the affidavit was annexed to the kame. It ie numbered 4,301, calls for $28,200, to the order of Greenleaf, Morris & Co., is signed “P. R. Mwn- ford,’’ and endorsed on the back, “Bor deposit, Green leaf, Morris & Co.” Amother affidavit accompanies the papers, whieh reads nt follows: City ond County of New York.-—-Wva, ¥. Dickinson, of No. 44 Exchange place, being sworn, eays that he is errand boy for the firm of Greenleat, Morris & Co.; that he presented the annexed ecbeck (o the teller of the Mechantes’ Rank, end was informed by him that. it, was not WILLIAM F. DICKINSON. Sworn to before me thie idth day of August, 1865. Jogern Downe, Police Justive, Detective Ober, of the Virei procimet, was entrusted with the warrant issved on these affidavits by Justice Dow!ity, and took Mumford into jody, The later came gato court alfendéd By Messre. . H, Rodman and ‘Thos. 8. Sommers #8 counsel, and Mr. W. T. B. Millikep appeared in the same capacity for Greenleaf, Morris & Co. On the reading of the affidavits against the ed his counse) stated that the doonme ied to charge any criminal offence agninst big client, and further, that the evidence against Lin wae insufficient to held hun, and not enough hardiy to have granted the warrant 0) nt in the tiret place He should move, therefore, to quash the warrant of arrest and dismiss the complaint The prosecnting counsel wav of opinion that all the Matute requirements in euch eases made and provided were to be found in the papers, and stated that bis clients were ready at once (0 go into an examination, Justice Dowling © his opipion that the ertminal intent was clearly shown, and that the evidence se far fu dl wax enfficiont to decide to hold the avensed and order the exainination to proceed at once in presence of the accused party. Mr. Rodman orged strong objections to this proceed. ing. The ‘ions taken by bim wore noted by the clerk. He then ine the court that he should cer. tiovari the before the Supreme Court, and asked for a suspension of pr ngs to enable him to oblain the writ. | ‘The case was then adjonrned, « further hearing being down for ter A thit morning. ‘The aecused was put under thirty thousand dotiars bail, but could not ob tain it, Justice Dowling t wre yew bin (othe ‘Tombs, Mr, Milliken expresses bis intention of strength. | ening the original complaint by other aftidavits, The arrest of Mumford certain operators on the strect, vt that several other parties had suffered hy him, the whole amonnt being ext vt one hondred and forty thousand dollars in wold, Messrs. Sehaefier Bros., of Ttroad etroet, and Albert Sp of 20 Pearl street, are fait to be among the suffer It was also suid that it to-day Mumford maintained « nt e# in court, have | ng to his lawyers and seem. quite » sensation among dit was rumored in pated at ab other complainants would app My ing well eadtisfed with their exertions on his part. He coo}, but not indifferent to the proceedings, and | It in ex. | prcted that nis requrding him | will he made thin {From the i Whe stock market yo | atl prices | tunrbled to would have been much dean to @ greater extent any extent rust hi wt racritiens, The buyers wore few ip number L with those who | were willing to sell, This wae the result of sympathy with the state of things in New York, where the faire of 9 “baar” i Roading, the la enix Bank defulea- | Uon, the dixcovery of forged gol keon the Rank of | New Yo «i the dikhonor checks given for gold | purchased tot OOO to 200,000, each | following ele the other, hes erentod a wide-spread ‘eeling of 8, and every one fuoks ie neighbor in the fee with the inquiry, “What next?” This ie « serious Wow to Manctal move ments at the pre: time, ‘The nations of credit are besed upon © 1 thie shaken the whole atructiio wey erable inte ran, Let wg extort the business mon of our city, If their own Wands are clean, to stand ap Girm'y af Cris evisty amd rot back the tide oF rain in which (he reek loge exer of our aster vity is already straggling {From the Ledger, August 16.) Phe stock Market wee more shan uPnally exe , and the sales of Reading Railroad « ously large for this inarket, opening at 5% ing own to WO, wd chiang of 1, with salee fifteen thousand «bores, This active movement at so severe & decline ip attributed to the teiture, for very | heavy amounts, of Ketchum & O0. and Crabam & Co, ‘at New York, Both fleas sre upderste tw have beew among tho largest opersiors In Reading at Naw York on the “boli” eile ROaTON. [Prom the Post (editorial) Angist 16,; Dc Kosten and all other business eirelos were isnt yanterday by Ue telegraphic annennee- pemdone forgerice in New York, Two have Payinont, one, it ie alleged, 1 raed web oy bed om immense sum, and the | partles have Jeft for parts unknown. The forgeries | we amounting to nearly two millions of firm is stated to be victimized to the amount Naturally the effect of nuch revelations i# They sre tho het of financial orimes aggregate, and engender everywhere die ond disaster, Hordiy » day sdeme to Hut some viliany Comer to light—originatmy von Ip anette ‘ nolonats slbeastes ou Jatlvo fever ia Wall strect wae ret von and with wach hi ‘that . oylmination will prove to yo ‘ag eoabe HARTFORD. {From the Courant, Ai 16) Thee Was Considerable excitement in this city day Among capitalists over the news of the fai of xorris Ketchum & Sons, of New York. Several of our have transacted much of their business lend had heavy depatie jai Se eared ts at the present time amo from half to three quartors of a million of dollars. Un- Alone, bat allover the Country and ety any anking e country, and very man} institutions have made thelr orebases of ‘qreromen bonds through them. TOWNSEND, THE NEW HAVEN DEFAULTER. WIS ARRIVAL IN THIS CITY YESTERDAY. ENGLISH ACCOUNTS OF HIS CAPTURE. He Keeps a Diary, and Moralizes on the Avariciousness and Treachery of Spain and the Impressiveness of the Ship’s Sermons, &e., &e., Arrival of the Prisoner Townsend. The steamship Etna, which arrived at this port yester- day morning from Liverpool, brought among her passen- gers Jeremiah Townsend, late the assistant cashier of the Townsend Savings Bank of New Haven, Connecticut, who stands charged with embezzling one hundred and fifteen thousand dollars from the savings institution with which he was connected, and decamping with the same for Eu- rope. The detectives who pursued Townsend across the Atlantic not only succeeded in arresting the defaulter, but were also successful in findingzon his persor, or in his possession, one hundred and ten thousand dollars of the money whieb he had so feloniously appropriated to his own use.” On the arrival of the Etna Townsend was taken to Police Headquarters, No. 300 Mulberry street, and detained by Chief Young, of the detective force, till the departure of the express train for New Haven. Later in the day the officers having Townsend and the treasure in charge left for their destination, where the prisoner wil) be held to answer before the criminal authorities. ko. Partie wa of the Arrest of Townscnd. {From the Liverpool Mercury, August 8 j HOW THE ROBBERY WAS EVYRCTED. On the 22d of May last the Townsend Savings Bank, of New Haven, State of Connecticut, was robbod of $100,000 by « young man, named Jeremiah Townsend, who was employed as a clerk in the establishment. Townsend, who was 4 distant relation of the. managers of the bank, was, at Its own request, in the office ufter closing hours on the evening of the 21st of May, he stating that he was desirous of posting up bis books. The money in the bank was pl ina fire proof safe, which was fastened by a ‘com! ion’ lock—an in- genious contrivance used in bagking and mercantile houses in America. Townsend had a key to the safe, but unless he was in possession of the “combination” — an arrangement of certain letters—he would not be able to open it, He managed to obtain the combi from one of the heed clerks, and while in the bank by Himself he opeued the safe and stole $115,000 in notes. kc. The robbery was discovered next day; but by that time the thief was rm ext. OBTAINING A CLUE. The robbery caved great excitement throughout the United States; the detective police were set at work, billx giving particulars of the robbery were sent to the varions police offices and to different cities in Europe, large reward was offered for tho apprehension of der, Nothing, however, was heard of him uutil f June, when one of the stolen ‘certificates of indebtedness”? for five thousand dollars was negotiate D 's Bunk, Philadelphia, The man who presented cate, and who was named Martin Ry was sted; but on tt appearing that he had come honestly he had no hesitation in giving the police all an by it, and the information that he could concerning it, he was set at Jibert PL He stated that wh cinnati he becam was a fellow passe Strawbridge; that he he left him, and that , THe THRE. y from Pittsbnrg to Cin th a young man who | » the name of FL A oponied him to F ) leaving, Strawbrid, e hin the cerléticate for five thousand’ dollars to get cashed, go also instructed him, when he sieeceded in tting gold for the certificate, to proceed to Newhaven, gi * money to a youny lady whom he named, wh t to take the stecmer and moet Str dwe at Liver. ol. If, however, there we yihing in the way to prevent this plan being carried out, Ryan was to come to ol, where he was to meet Strawbridge at the n° street, the latter having lett Havana PUR known and f Of the most exy States shonid inycativate the case, ter was placed in the hands of detectives Carlin and Callonan, of the Philadelphia detective poli wot rent expe- rience, the former having becn over in this country on more than one oceasion for the purpos? of mebending notorious critninals, Arrangements were made for de- tective Carlin, accompanied by Dr, Townsend, one of the managers of the bank, to proceed in pursuit of the pris- oner to England, on board the steamship China, which left Boston on the 19th ult, The China arrived at Queens- town on the 28th, and the detective and bis companion proceeded to Liverpool, by way of Holyhead, arriving in Liverpool on Naturday morning, They then learned from the newspapers that the steamship Shannon, by which it was believed the man they wanted had come aa a passenger, hed arrived at Southampton on Friday morning. Mr. Corlin took ap his quarters, under an as sumed name, at the Queen's Hotel, which the thief had fixed asthe place of rendezvous for binself, Ryan and his ladylove. Dr. Townsend went to another hotel, where he lodged ander an assumed name, STRIKING THE QUARRY, © Townsend came to Liverpool on Saturday night by the balf-past ten train from London, He went with his lug- gage to the Pelican Hotel, Islingtonflaze. — The sa night he called at the Queon’s to make inquiries for his friends. Mr. Carlin wae there on the lookout for him, saw him when he called, and from a likeness and de- scription he had at once recognized him as the man he was in search of, The detective followed him to the Pelican, aud permitted bim to rest there all night, Mr. Carlin obtained the Doteetive Inspectors Carlisle and Horn, and morning the three oif core proceeded Lo the Pelican f © PUIpOSe Of appre. hending Townsend, It was necessary for the olficers to go cautiously to work, as it was known Townsend was a determ go man, and carried about with him a olver he CAME BAGGE { ‘ho officers waited in the coffee room until he came wn fron his hedrew This he did, little suspecting who wore waiting for him, for as soon ae he made his war pounced non by the detectives. of him he was seen to place hie band in pocket, but he was yeeured, and on bemg searched it war found thot he had (n his posserwion a revolver and a bag coutainiag $42,000, On his loggage being scarched revoly ml $56,000 more were found, besides several articles of jowelry which he had purchased with the money ‘The tote! amonnt recover Just py the officers te was $95.936 Townsend had altered his appearance con siderably by shaving off his whiskers, t, Liverpool police had been communicated with some tine before about the robbery, and Inspector Carlisle had been on the lookout for the prisoner for some time. VOWNSEND'S SENTIMENTAL DIARY. A dimey was found upon the prisoner, in which he ehronighgd bis vartons delve during his wanderings. -lis visits to lager heey saloons, his Playing: bagatell, enere, drinking “oowsiderable beer,” firtations on hoard ship, dc., and in Which the following entry ie tuade at Havana in rogard to the ni The Spanish navon, onve the most my in the world—the only na- tion inthe whole of Europe who suport ‘and ein. braced thé mighty prajéet of Columbus—how low you have fallen! In the present day you stand as the embod. mont of avariclousness, cowardice aud treachery!’ The writer alvo indulges jn some rentimental reflections in regard to Wurials at sea, Divine sevice on board the steamer Shannon, &c.,.romarking that he waa not ‘greatly i with the sermons he heard on board of that ‘vessel, Mr. Cartio Dr. Townsend sailed yesterday, with their prisoner, for New York on board ibe steamship Btn. Another Emberslement Case, TWANTY THOUSAND DOLLARS INVOLVED, From the Ciucinnat! Commercial, August 14.) {pe'spencer tt 6. Galinghor, + t Howse yesterday detect: or tenet ‘he actest of a fast nnd Festive young roan. Wm. Russell, who, i company With vaua, where | BOSTON CORRESPONDENCE. Borrox, August 16, 1868. ‘Vier? OF NEW YORK soLDTERS TO THE “HUB.” Our citizens generally aud especially all interested in. military affairs and in perpetuating the good feeling exe cited between companies from various States which have been brought together during the war, were much gratified to-day by the arrival in our city of Companies B and H, of the Seventy-first regiment, of New York, who visit Boston for a few days as the guests of the Inde. pendent Company of Fusiliers. The battalion, nurtbering one hundred and twenty-five men, under the command of Captain A. M. Underhill, accompanied by Dodworth’s band, left New York last evening by the steamer Metropolis, and breakfasted on board the boat at Newport. They left Newport on the second morning train, arriving in Boston shortly before eleven o'clock. They were loudly cheered on their arrival at the depot by a large number congre- gated there, and immediately proceeded, under escort of their hoste, the Fusiliers, to the City Hall, where they were introduced to his Honor Mayor Lincoln, by Captain Proctor, as good representatives of the citizen soldiery ef New York. ADDRESS OF MAYOR LINCOLN, Mayor Lincoln addregsed them as follows:. Mr. Commanper—It affords me much pleasure to wel come you and the battalion under your command to city of Boston, The regiment of which you form a hag long held an honorable position in the ranks of military organizations in the commercial metropohe « the Union. An efficient force of citizen soldiery in responding with alacrity as, time and time again, yo! were called into active service during the late 01 you still keep be your discipline and rank, ready «| all times to aid the cause of good order am the supremacy of law. Your friendly visit to our, and most wel- metropolis is one of the first come illustrations of the return of ful and happy days. Our country has been saved by the ex- ertions of brave men standing shoulder to shoulder from every loyal State of the Union. It is well they should occasionally come together to renew ‘the friendship formed in other scenes, aud to coment more closely that union of hearts and hands which oo’ ee Ft San vietory. Our busy streets for the last ir years have echoed to the martial music of heavy tramp of armed men going to or returning from the deadly scenes of carn; and blood. Now we can witness a military pageant without any of thosé sad associations, We weleome you as citizens as well as soldiers, rejoicing with you in the opportunity of inter- changing friendly greetings, In your visit to Boston, gentlemen, you visit a historical city, rich in the Revola- tionary associations of the past. We are proud of them but wo feel that our duty is to gvard them only. They belong not to us, they belong to the whole country. Here were the great truths which led to the Revolution carly promulgated and discussed. The battles in thik. vicinity—Lexington, Concord and Bunker Hill—would be considered mere skirmishes com) with the well- planned and stupendous engagements which have taken pines pects the South; but the fs gem ght them on are the same, and. the spirit and valor of the fathers have nerved snd given an ingpiration to the sons. ¥ Having said thus much, I again welcome zone Bos- ton, and to all the memories of the fathers wi a vieit to our historical localities may inspire in your breasts, Ae the guests of one of the oldest and most ee mil- itary companies in our city—some three or four compa- nies having been enlisted for the war from ite ranks or under its auspices—I feel confident that your visit will bean one to yourselves as well as a gratifica- tion to our citizens. I again bid you welcome, and thane you for this complimentary call. RRSTOXSE OP CAPTAIN UNDERIUL, Mn. Mivorn—In behalf of my command, I express my, acknowledgments for the favor with which we have been reeeived and the complimentary allusions from yourself. T know that we are heartily welcome here, as we have been assured not only by your Honor, but by Captain Proctor, the commander of the Fusiliers. The apprecia tion, wir, which we have of the greeting of yourrelf wo can only express by (he voice of the whole company, and not by my own «lone. Led by Captain Underhill, the company then gave’ three rousing cheers and a “tger" for Mayor Lincoln. The battalion ihen proceeded to the armory of the Inde- pendent Furiliers, the! hosts, in Union street, where @ fine collation was served, MARCH THROUCH THm Clive Doring their niarch through the streets of the city the \ nitors were re od with much enthoeiagm, their mar- tial appearance aud bearing attracting almost universal attention DINNER TO THE VISITORS, ‘This afternoon » dinner was partaken of at the Ameri- can Hotel. During the sojourn of our New York friends there will arlesto vy Yard, Bunker Bi, be a visit to the #n excursion in the harbor ther festivities, Letter from L tenant General Scott. 7O THK EDITOR OF THE HERALD. In the Henan of the Lith instant (yerterday) it is | eid Le nant General Seott, then at the head of thé United States Army, bad written a letter to Mr. Seward, dated March 3, 1861, clearly intimating Ua, im hiv opinion, the betier policy was to let the erring sisters ponding States) depart in peace.” This is a wisapprehension, In that letter—deciared, } on its f supplementary to one of the preceding | Octobur « ud to President Buchanan—General Scott suggested foor methods of dealing with secession, of which that quoted by the Hinato is the last, The redue- tion of the seceded States by arms was his third mea- sure, the first and) secoud indicated im his two letters addyessed to Messrd Buchanan and Seward respectively having failed. These were, to reinforce all the defences of the Southern ports with troops, sloops-of-war and revenue cutters; to permit all exports to pase free, and also ail imports, except materials of war and dutiable articies, making the collections on the latter below tho cities, to avoid conflicts, New York, August 16, 1865, North NORTHERN EMIGRATION—HRALTH OF THE 6TATR— NEW LINE OF #TEAMERS. Newarns, August 12, 1865. Northern emigration to North Carolina has already People are arriving by thousands from ail quarters. The health of Newbern, and the rest of the State, was never better. In point ‘of heeith North Carolina hag always been the second State in the Union, whieb pori- tiow sho ts destined to keep. The Murray's line of steamers, which ran froma thi point to New York, and also the Goodspeed line, are each building a number of first class packet steamers t rup on this route, which will make » trip ten hoary sooner. Hoveh & Co,, of this city, imtend building @ similar Claes of steamers for the Newbern and New York trade, ‘Those steamers are to be constructed with the view of y ix being excited that Will tomt the int speed, and a ri oki) of the tire Vie RENEE HX-GOVERNOR BROWN. ta Chronicle and Sentinel, Augort 6 ha pate Augusta a short visit had (he pleasure of am interview. vinws oF [From the Ang Ex-Governor Bre Daring hie stay her with bim \ The Governor is sill auxious about the welfare and inter ov the State over whose affairs be presided sa long. Hols pasion bead her Sime ee ro the trae status of afinirs and sonepe them promptly. Ho desired as to urge upon the people the necessity of pting the poliey marked out by President Joh and to nphold the same without dissent, The President thonght beet he would adopt; and further he would carry it out, The Governor aleo said “the Georgia. Was antagonistic to the powers that be longer «he would stay out in the cold.” } ‘He waid that slavery was load in. this Bate, ner could it be resusciteted in shape. PA should be understood by al, and also people reconcile themselves to the matter, accommodate } agate an the exteting state of aff ire @6 soon ‘ea pon, "He that the people would elect true and who have the men to the convention—honest nfen, intoreste of their e it wi Ld Pein we'thoy can be elected to office, ‘mon would ho seit to the convention, whee ‘chief object in deliberative bodies is to cooupy time in uacless discussions ‘The President, he wards the Sonth as woud admit, Bi would be a4 covelilatory vo- the letoresre ‘of the whole countey not think he would allow cither govern hls acts, but would be ‘out What he thought woukt reeult im whole, without regard to any particu. pasion = prejudice to rv the welfare of