The New York Herald Newspaper, September 2, 1865, Page 1

THE NEW YORK HERALD. ————— WHOLE NO. 10,596. TH KETCHUM CASE. MEETING OF CREDITORS OF THE FIRM. BASIS OF SETTLEMENT AGREED UPON. Sixty Per Cent on the Claims to be Paid. LIABILITIES ABOUT FOUR MILLION DOLLARS. THE FORGERIES NOT COMPROMISED. Xeitcaum, Son & Co. to Re- sume Business. One Million Fhree Hundred Thousand Dollars to be Paid in November. eo Re. ae, According to announcement duly made throughout ‘Dusiness circles a meeting of the creditors of Messrs. Ketchum, Son & Co. was held yesterday afternoon. The weeting was convened through the following circular;— CIRCULAR TO THE OREDITORS. Naw Yorg, August 23, 1865. Dear Sin—Since the events of last week, which dis- ¢losed to ourselves the unfortunate condition of our house, and drove us to an assignment, we have been busily engaged in efforts to secure our property to our creditors, and to give early information of the state of ‘our affairs. We are now able to say for the first time ‘that, according to the balances on our books, our liabili- ties are, in round numbers, $4,000,000, while the available assets applicable to the payment of our liabilities and the expenses of winding up the estate cannot, probably, re- alize more than $2.500,000 to $3,000,000, and ina forced realization, probably less than either sum. Some claims, amounting to about $250,000, have been made upon us which we think we are not liable for, and there is a faint Prospect that our assignees may regain a very small amount of the assets of which we were fraudulently de- rived. The amount of funds and securities abstracted m us without our knowledge at the time, and to our 0 great loss, is now detinitely ascertained to have been ‘Bot less than $2,800,000. Under these circumstances we are urgently advised by many of our creditors to invite your attendance at a meeting of our creditors, to be held at our late banking house, No. 10 Exchange’place, at twelve o'clock M. of Friday, the 1st of September, at which time we shall submit detailed statements of our liabilities and assets, and in the meantime we shall endeavor to be prepared with some proposition which, if consented to by all perm sg will, we hope; facilitate the settlement of our rs, At this juncture the teat promptness of action is necessary, and we beg that you will eithor attend in per- son or by ® representative authorized and prepared to ‘act in the premises. In the meantime, and always, -unless the voluntary action and cousent of our creditors shall justify a differ- ent course, our assignees will continue to act in presery. ing and disposing of our estate as the law requires, Respectfully, yours, KETCHUM, SON & CO. CIRCULAR FROM MORRIS KETCHUM. New York, August 31, 1865. To rae Crev:tors or Ketcnum, Son & Co.:— Gentiewex—A sudden and disastrous blow has pros- trated our house. The conduct of one of its members, too painful for me to dwell upon, has deprived us of up- ‘wards of $2,600,000. Securities belonging to others are abstracted, as well ‘as those belonging to the firm. The former, we are ad- vised by counsel and mercantile friends, it is our first duty to replace. That being done, and trust funds se- ured, we have made an assignment of all our property —— we verre of all our thts T have also ned all my private property for the same pu Till the morning of the day after he steconded | never had the slightest doubt of my son’s integrity; I never supposed him capable of doing wrong to any one, and least of all to me; even now his conduct is inexplicable, and I cannot believe he was in bis right mind when he ‘80 cruelly wronged you and me. Since the failure of the firm the two following letters have been put into my hands; they explain themselves. The writers could never bi Hy we that the amount taken was beyond the ability of the house to replace, and the secresy, therefore, was the dictate equally of good sense and kindness, I'do not blame them, for they acted according to their best judgment, and under trying cir- cumstances, They have tilled ‘prominent positions in my house for many years, having, deservedly, my entire confidence, unimpaired by the decision they came to in their efforts to ain the securities abstracted. Ihave ventured to call you together to render plain to you the state of our pany bea to ask your advices, Five gentlemen, whom you all know as of the highest charac- ter and ability as merchants—Messrs. Moses Taylor, Jonathan Sturges, Edmund G. Howe, Benjamin B. Sher- man and John J. Phelps—have been invited to examine our affairs, The letters requesting this examination and their answer are subjoined. Tcannot close this communication without expressing to you my deep regret that any of you should be a loser by our failure. In my prosperity I never supposed this would happen. It is not the loss of my own property which causes me my deepest regret; for now, if | could have my son back with bis good name, and you were all paid in full, I should die content. MORRIS KETCHUM. THE MEETING convened at twelve o'clock, there being present about one hundred and fifty persons, which, it is supposed, gave each creditor of the house a representative. The place selected was the Ketchum banking establishment, No. 40 Exchange place, where the parties were plea- santly received by the members of the frm who were enabled by the circumstances of the case to be present. ‘The questions brought up were discussed quite calmly ‘and informally. At times there would break out a sharp ‘word from some excitable and chojeric creditor; but, as general thing, the feeling was subdued and restrained by the deportment of the firm which had met the disaster, ‘and there was slight disposition shown to add to their discomfture. There was some anxiety of course as concerned the final close of the meeting, and also a universal desire for infor mation as to the action of Ketchum, Son & Co. in relation to the forgeries of Edward B. Ketchum. It was generally believed that if Mr. Morris Ketchum would ex- press a belief that the assets of the house were not to be affected by these the creditors would sign a formal release and allow the concern to resume business on its own terms, be they what they might. The MEETING ORGANIZED As no persons creditors or those represent- ing creditors were admitted to the meeting the report presented by the secretary has to be relied upon for the proceedings which followed :— TNE FIRM TRYING TO GFT RID OF R. B. KETCHUM. Mr. Morris Ketchum brought forth for the inspection of the chairman a package of letters, which were, by re- quost, read by Mr. James M. Bangs, counsel of the house and of the ‘Messrs, Taylor, Calhoun “y Ben- lorris knap, Jr., one of the part. ners, This last covered a copy of a letter from Mr. ‘Swan, also a partner, to Bd B. Ketchum. The let. ter to young Ketchum was dated the 4th of August, 1865, and it revealed that an effort had been made by the junior partners to bring Mr. Edward B. Ketchum's individual speculations to a close, with a view of termi- nating his connection with the firm. It would have been 1 for many persons had this pian succeeded. LETTER FROM M RNA! New York, Moxpay Monin, August 28, 1865, Mr. Monnis Kerouvm :— Dear Sir—The events and developments of the past fortnight have been of such an overwhelming character, ‘and the necessity for instant and incessant action in im- portant matters has been so pressing, that I have been delayed in stating to you--as it is my duty to do, and in this form and without restriction upon your use of it—alt that is within my knowledge respecting the transactions which have now resulted so ruinously ourself and all of us. Tam especially impelled to do 80 by the conside- ration that, with he greatest A of Soe ae m: ‘one of the junior partners in our house, Mr. Ewan, tay ve td eated to griticlsm which he ought not bear alone; while your sons Franklin and andon might suffer by the suspicion that they were aware of transactions, of which T am confident they knew nothing. In looking over the loans and securities about the Ist of June Mr. Swan found that there was missing some $430,000 United States seven and three-tenths per cent Dotes, $350,000 United States legal tender five per cent s Ue ume was affordec tim. The vonds and notes ap- peared, on a thorough examination, to be the only properly appropriated by Edward, and he eolemnly pro- tested that Mr. Swan koew the entire extent of bis de- faleation, and yet 1 now hplenachon: information about Lis dealings gathered since he ded, that his large josses must have been made before that time, and that bis fraude upon ua were as great as recently, but con- ducted in such ways that we did not detect them, and may oever know them all, ir, Swan informed me of the case at once, and that Edward stated that he would close up bis speculations aad return the securities—then lodged as collateral with hig brokers, Having no conception of the magnitude of his stock speculations, Mr. Swan and myself wer? both ‘of the opinion that bp baka over him the threat of exposure he would be induced to retire from speculations and make good bis jong, Io thie velef, and of course dreading the effect upon the firm. upon ourselves, though innocent, and upon your- self and the rest of Edward's relatives, of the publicity of such transactions as these, we permitted the matter to run along. Edward was not aware o! any knowledge op my part, but was told that all the partners would. be informed if be did not keep his promises to at once close his speculations and return our property, and then retire from the firm on some pretext or other. All this he en- gaged to do with the utmost solemnity of word and manner. ‘Time passed on, however, and he failed to make good his promiseg, and about the 4th of this month I told. Mr. Swan that we must make one more effort to force Ed- ward toa settlement, and if that failed must inform you of the facte, Mr. Swan therefore sent him the note, of which I pow hand you a copy, and which was partly composed by myself, stating that if the property was not all returned by the 15th he should inform all the partners of the facts, and urging and imploring him to act as be had promised. Before the 15th the detection by other parties of facts of a different nature resulted in the flight of Edward, and the enormous nature of his past defalcations, and the hopelessness of expecting to regain the securities taken, was disclosed to us—the loss being sufficient, when augmented by the very heavy sums of money misappropriated by him within a day or two of his de- parture, to cripple and destroy our house. Mr. Swan’s name alone appears on the note enclosed; but T am equally responsible for bis course, and must with him bear the consequences. f Thave only to add that while we finally saw that the firm would in all probability lose heavily, we neither of us ever for a moment contemplated the possibility of such losses from Edward’s dealings as could injure our creditors. Respectfully yours, THOS. BELKNAP, Jr. LETTER FROM MR. SWAN. Farpay, August 4, 1965. Dear Epwarp—1 was in hopes that you would have before this closed up your outside operations as you promised, and returned the securities of the firm which soe have been using for your own purposes. I am satis- jed, however, that you are as deeply engaged as ever in these speculations, and 1 tell you frankly that I know that the amount of your abstractions from the assets of the firm are much greater than you admitted to be the case when I first epoke to you upon this subject, many securities being taken of which I have not spoken to ou. Now I have no wish to injure you, and if you are in difficulty you will find myseif, and 1 have nodoubt the other junior partners, ready to do everything that can be done in the matter to aid you, but your specula- tions are doing the firm great injury, and if they should turn unfavorably may ruin us’ all, as well as your father, and I cannot Jet things go on in this way any longer. If the securities which you have taken from the firm are not all returned by the 16th of this month, I shall lay all the facts of the case before the other members of the firm. Now, Edward, I beg that you will at once set about closing up this business, I am sure that T can promise that all of us would do everything in our power to help ou if you are in trouble. You are aware it is for our own interest that no one of us should suffer in this way for the exposure of such a matter as th’s, however brought about, would bring disgrace upon the firm that would cling to the individual members as long as they live, and be a worse injury to them than any pecuniary loss that your operations may bring upon them. If you will only close up, and keep from all outside operations, and let us know how you stand, I am sure we can keep you along, and with our busitiess you can, by devoting your attention entirely to ft, work out of any money troubles. This is certainly the only way in which this thing can be kept quiet. Ican’t but think you will do this if you re- flect upon the trouble and sorrow that you would bring upon your father and family, and upon your other partners and families by ore any other coarse ‘ou must know that it is a hard task for me to write to you in this manner and on a subject like this, but you also know | og Tam bound to do what I think is my bis Pg C5 . 8. KETCHUM, SON AND CO. ASKING FOR AN INVESTIGA- TION. Jonn J. Pours, Esq, B. eee Sato men joun J. |. . RMAN, \. losks TAY- ton, Esq., JONATHAN Srunags, Esq., Eomcxp G. Hows, Esq. :— GextLEmEN—In view of the calamity which has over- taken our house so suddenly and unexpectedly, we ven- ture to ask the favor of you, as representing in #0 high a degree the mercantile community, to examine into our affairs and to state, for the information of our creditors, what bps find to be our condition and what course you should recommend for a just and speedy settlement. If you should think that we can make more for our credi- tors than the assignees can do, will you suggest eome plan by which that end may be hccomplishod, ‘and oblige, respceifully yours, KETCHUM, SON & CO. THE ANSWER—AMOUNT OF LIABILITIES, ETC. New York, August 31, 1865. Messrs, Kercnum, Pon & Ci GexTLemen—Upon the receipt of your letter of this date requesting us to make an examination of your affairs, we have attended at the office of your assignees and gone over the sworn inventory made up i you, and have our- selves made a careful Valuation of your assets. pears that the total of your Labilities is $3,985,608 85, in- cluding $250,000 in dispute and $32,500 unadjusted; and that the total of your assets, together with those of your senior partner, 13 $3,093,639 63, inclading $243,500 dis- uted. r The conflicting claims between different classes of creditors, which have already risen to some extent, and which will certainly arise to a greater extent if a speedy settlement is not effected, will greatly embarrass the easignecs, and create a long delay in the final settlement of the estate, Taking these circumstances into consideration, and bearing in mind the nature of your business and the character of your. liabilities and assets, we are of the opinion that you can make more of your assets than your assignees can, and that it 1s best for your creditors, as well as for yourgelves, that by some arraugement you should be permitied to take the assets and settle with the creditors. Upon the whole, we advise you to offer, and your creditors to accept, fifty per centum in cash, and ten per centum in your notes at twelve months, without interest in full, for your indebtedness, and this being done, that the’ estate be surrendered back into your iis, Respectfully yours, MOSES TAYLO! JOHN J. PHELPS, JONATHAN STURGES, EDMUND G, HOWE. B. B, SHERMAN, THE CONCLUSION. After some general remarks by the Chairman, calling for suggestions from any creditor prevent, Mr. F. N. Banos, counsel, stated that a settlement must be made with all or none of the creditors; that the gentlemen abovenamed had no interest as creditors, ex- cept E. G. Howe, for a small balance. question was asked by a creditor:—Why pay only sixty Per cent when the assets showed seventy-five per cen’ Counsel replied that though the nominal asseta amounted to about seventy-five per cent, it was very doubtful whether, owing to the difficulty of reconciling claims of gold currency ereditors and other circum- stances, it was doubtful whether the estate would, on the whole, yield even as much as sixty cent. Counsel also in answer to inquiries, that the forged checks are not included in the liabilities of Ketch- um. Son & Co.—not a dollar—and that no money what- ever had been e: or any provision whatever made for taking up checks, Mr. J. Lavomun, President First National Bank ir. JAMES of Pittsburg, bos gee Bu that a committee ; Oe few eg ‘be appointed for the purpose of ther inquiry. Mr. Banos stated that one million three hundred thou- sand dollars had been paid, to replace bonds abstracted, on the advice of counsel and friends; that not a doliar of the forged certificates had been paid; that all private property of Morris Ketchum and all the firm property ‘was included in the assignments, and that thirty thou- sand dollars was the estimated value of the of the junior members of the firm, outside of ment. On motion of James K. Puacr, of New York, seconded by BE. W. Biatonrorn, it was Resolved, That this meeting accept and adopt the ro. port of the committee as a basis the settlement of creditors with the firm of Ketchum, Son & Co, Mr. Baxos then read the form of agreement with creditors in conformity with the above report, and which was adopted and passed unanimously. ‘The time to make the cash payments was fixed for November 1, 1865, and all blanks were filled for that time. Acommittee for provecuting and procuring the ab- stracted bonds for the benefit of creditors was formed, consisting of J. K. Place, of New York; John L. Bunce, of Hartford, Conn., and A. Ives, of Detroit, with power “= ‘vacanctes in ae ee ‘ wigs @ meetin, journed by unanimous consent ie die, eg WR. CONE, Chairman, E. W. Bratenrorn, Secretary. iy assign- The Case of Mr. Mumford. TO THE EDITOR OF THB HERALD. New Yorn, August 31, 1965, Your reporter's account of the final hearing yesterday before Justice Dowling in the matter of Mr. Peter R, ‘Mumford contains at least one great inaccuracy, which bis counsel deem it their duty to correct, ‘The account published this morning states that Mr, Mumford was originally arrested on a charge of forgery. No such ol has ever been made or ever pretended Against Mr. Mumford. Certainly the facts never could ‘horige so gross an accusation. NEW YORK, SATURDAY, SEPTEMBER 2, 1865. tnis correction as prominently as the misstatement, Yours, &c. THOS H. RODMAN, Counsel for THOS. S. SOMMERS, § P. R. Mumford. FRAUDS IN THE ARMY. of Descriptive Lists rs at Balti- Alleged Forger ad Discharges of So! more. Wasnincroy, Sept. 1, 1865. One of the most astounding frauds in proportion to its Magnitude yet developed in connection with the war ‘was brought to light in Baltimore two days ago, by Col. John Woolley, Provost Marshal General of the Mid- dle Department, Captain D, L. Beckwith, Assist ant Commissary of Musters for the Middle De- partment, and five others are implicated, and now in prison awaiting trial. The fraud was perpetrated by forcing descriptive lists, and in some tn- stances signatures to military passes and other neccssary Papers on which genuine signatures were obtained to final discharges. The plan was ingeniously conceived and ex- ecuted. At present not more than three thousand dollars are known to have been thus obtained; but no limit can be set to the possible extent of the operation. Colonel Woolley was in conference with the Assistant Secretary of War and the Judge Advocate General to-day, and is authorized to investigate the affair thoroughly, He de- serves great credit for first bringing the villany to light. ANOTHER ALLEGED DEFALCATION. The Cashier of the State Bank at Hart- ford Indebted to That Inasitution to the Amount of Two Hundred Thousand Deliars, &o. OUR HARTFORD CORRESPONDENCE. Harrrorp, August 31, 1865. The State Bank of this city had deposits to the amount of $100,000 with Morris Ketchum & Co., of New York, and soon after the failure of the firm took place the bank had an examination of its cash assets, and found that W. H. D. Callender, its cashier, was a de- faulter to the amount of $200,000; or, in other words, Mr, Callender was indebted to the bank $200,000. Mr, Callender has assigned to:the bank property to the amount of “nearly” $100,000. His residence, persenal property and everything that could be made available to the corporation have been secured by the bank. Mr. C. has not been arrested and will probably not be. His position as a business man has boen heretofore above reproach. He figured somewhat in 1860 by sending, as an agent for Sharp's company, boxes of rifles to the Southern States, but these were stopped by the govern- ment. He was very loyal, had a Sunday school class in Christ church, headed all the charitable lists, was a re- publican member of the Common Connei) from the Third ward, and a d.rector in many of our corporations, Speculation in stocks and gold cleaned him out—a } warning to men who use other people's money to get | rich. Callender was a “good fellow well met’? among | his friends and acquaintances, but was unfortunate. The bank stock stood at $125 a $120 a week ago. defalcation was known to some of the heavy holders three or four days since, and they sold freely for what they could get above ninety dollars, and somebody is out. ‘The bank will not lose much of its capital stock, and their surplus was nearly two hundred thousand dollars. It is perfectly solvent. Mr. Belknap, the President, is father of Mr. Belknap of the Ketchum firm. ! NEWSPAPER ACCOUNT. {From the Hartford T:mes, August 31.] The greatest falling olf is in the State Bank stock, it being rumored on the street that this institution has sus- tained considerable losses by the Ketchums, and by its cashier, W. H. D. Callender. The facts, as we learn them from reliable authority, are as follows:—The bank had deposits with the Ketchums to the amount of about one hundred thousand dollars-at least half of which | will be saved. A thorough examination of its cash, se- curities and accounts has been made the present week, which develops the fact that Mr. Callender is indebted to tha bank to the amount of about two hundred thousand called upon on Monday to attend some persons injured THE RAILROAD SLAUGHTERS. Conclusion of the Investigation of the Long Island Railroad Disaster. LJ Apparent Culpability of the Company. Retirement of the Jury to Deliberate Upon a Verdict. Fatal Railroad Accident in Massachusetts. INTO BY A TRAIN. A STAGE COACH RUN One Person Killed and Several Severely Injured. de. &e. &e. ‘The adjourned inquest on the bodies of the sufferers by the collisionon the Long Island Railroad was re- sumed yesterday at Jamaica, The feeling in the village is creatly against the railrond company, who, from the evidence adduced, have carried on the business of the line in defiance of all regularity. Trains have been in the habit of starting as much asan hour bebind time, and all to be wondered at is thata more fearful accident has not occurred long since, The quict of the village has been entirely upset, and nothing has been talked of for the past few days but the catastrophd. ‘The room in which the inquest was held was crowded yesterday by witnesses and others, and many persons, though not subpenaed, came forward voluntarily and at considerable inconvenience to bear testimony in the case, The jurors were all men of intellect, who left no stone unturned in order to arrive at the truth of the matter. There was no end of cross-examination, each juror believing it incumbent upon him to do his duty to the public in this matter. A large number of witnesses were examined, whose testimony we publish below in full. TESTIMONY OF DR. KISSEN. Dr. G. ©. Kissen, being duly sworn, deposed—I reside at Jamaica, L. I.; am a physician and surgeon; was found a number injured, both on the railroad and at Mc- Hhghs’ Hotel; when first called upon found W. Walker ina dying condition, owing to injurios received during the collision on the Long Island Railroad the same morn- ing; recollect seeing a man, Joseph Wilson, at the depot; found him very much prostrated, both of his logs | smashed below the kee; he also had received a severe injury in the bowels; he died from the effects of the in- juries roceived ; I saw Crooker at MeHughs’ Hotel on my dollars. He turns in securities to the amount of one visit: y' hundred thousand dollars. He will, of course, leave his OFS hee ae er fying the gh position as cashier. The bank had a surplus above its | jnjuries received daring the collision; performed capital of over one hundred thousand dollars in cakh | ono operation on J. G. Laupl; sar him at Me- assets, and real estate valued at about seventy thousand Finghs’ lotel; he scmed to have more vitality dollars more. So that its lo: both the Ketchum | than 1 7 . svar first ie. frm and Mr, Callender will dled a dbhoa ete PP iret ae ay techy: capi is unimpaired, and ne ler, dey r, or | after a consultation of the surgeons present, the onl: billholder will lose one farthing. The bank, though | chance of his life was thought to be by am) tan. Ga losing a good share of its surplus, is sound in capital, and perfectly capable of meeting all of ite obligations, and still have a surplus. The stock only fails a littl below par inthe street, upon floating and unreliabie rumors, THE ATLANTIC CABLE. Letter from Captain Ander- , of the Great Eastern. | Great Essrers, August 16, 1865. | Interestin, 80} My Dear Sin—I have no doubt that you will read with some interest the opinions of @ sailor whom you know, respecting telegraph cables across tho Atlantic, and es: ially as to the cause of our present failure. TI was formerly a doubter; then, as I became intimate with the men and means to be employed to overcome all the ditli- culties T had thought of, I became hopeful; but now that Tunderstand personally the difficulties in the way of practically laying a cable in an ocean of great depth, I | have b-come sanguine. | The cable has tailed for the present, principally from | the cunse of its own wires penetrating the gutta percha | core, and that cause has been so far fatal only because it was unanticipated. I mean by that, if we could have | foreseen this probability, and sufficiently understood the action of this ship. ers could have been arranced | vered the faults without the elabo- | rate process that past experience has taught to be effi cient, ‘They ean generally tell immediately when a fanit | oceurs. Very little—only a few m les—is necessary to | be hauled in; for this purpose the cabl) has to be passed | from the stern to the bow of the ship, at the best of times @ hazardous thing to do, and in this very long sh pa difficult operation, An engine applied to the paying-out | ear, #0 as to reverse and han! in at once be ore the cable ad reached the bottom, and while the fault was being located, would have reduced our three fait to a very small risk, So that cable whieh in ail oth Tespecta seems gegen we efficiently laid when we have obtained the appliances our new experience has tanght to be necessary. It never was anticipated that we should have to at- | tempt the recovery of a lost cable from the depth of two | and a half miles, and for the same reason we failed. Our | grappling gear was inefficient. Three times out of four attempts we hooked the cable and raised it from the ground several hundred fatnoms, Upon two oeeasions the swivels of the grapnel rope broke, and upon the third oceasion our Top: Which was made | up o ship's stores, added on to the proper rope, and | when we had once more begun to be hopeful, if not san- gulne, ‘a good looking six inch rope broke like a thread. ‘his much, however, we have established—we can have the cable whenever we choose, and we fairly believe that | with proper appliances we can lift it and complete its ving. 'No one can be blamed for not anticipating this unfor. | tunate result, Every kind of experiment had been tried j and the wire had never before penetrated the core. This ‘and some other seem to have fixed the idea in some of the leading minds that the faults have been the result of malice. incline to the opinion that they were the result of accident, as I know by experience that aceident will luce more curious results than design, and they are as easily explained one way as the other. But thie follows, that appliances should be used that would prevent such fatal resulte, whether produced by one caure or the other. This can be done hereafter by ma. chinery we now know how to construct, and the ad ditional secarity can be had of making those wires of a number of ler ones, 80 that no one would be suff. ciently strong to penetrate the core; or, if necessary, cover the core with canvas or wire gauze, to make it still more eecure. This done, there can Lay 4 be no difficulty with this | bs’ in laying submarine all round the world. It would be a long and useless story to tell you how our hopes alternated betwixt hope and hopelessness dur- ing the ten days that we grappled and hooked and lost. the dear old thread, Our backs are very much up, and ail of us long to recover the cable and restore our pres- tge. Thave become positively eager, and hope circum. stances will admit of my finishing what T have begun. My opinion now is that the companies interested in the success of this cable are really upon the point of success, Thave a fear they may be disheartened, and no wonder; but another attempt cannot fail, humanly speaking. We know the cable is perfect in its insulation or capacity for transmitting messages; we know ft has the right epe- cific gravity and the right strength ; and we know it only fails in one point—that of wounding itself; and even if that cannot completely be overcome, with our new ex- perience we know how to meet it, recover and repair it. I dare say the hope will be thought visionary by many. Yet, in your own interests, T hope all concerned will at once order anew cable to be made and completed by | May, The Great Eastern could then sail, lay it with cer. bay and in the same eeason pick up and complete the one for the present abandoned. ‘This would be, beyond all question, the beet way now to economize the affairs of all the companies embarked in this enterprise; and my regret is that a number of capitalists were not here to imbibe the confidence that experience has given all of us en; tn it, ‘At all events the attempt should be made to pick up tho cable, and there is as fair a prospect of success as there can be about anything not yet accomplished. ‘We are returning to England with tha hope that capi. taliats will seo it as we do. Mr. Field is buoyant and I beyond us all; he woul! at once go at the pickin; possibly get the necessary be aoe in the hy es ma- 3 i from aur work, and without the sun we could not find our 5 As are in substance what all engaged ‘upon this really feel, there is no reason why wr, id not read them to any whom you may The real ‘one of false pretences, and eeey tees ieee N Yop Wiha Oh" Seas ho 1 Mp anne | sega Yor Un uy” GaN AND” | say when I had any previons conversa | ply them; the coi at the proper time he was removed to an adjoining room, where I amputated his leg, in which operation I was as- sisted by the surgeons present—Drs, Ward, Bockee and Andrews; notwithstanding our attention he died at ten o'clock, about eight hours after the performance of the | operation: the performance of the operation waa the only chance there was of saving life; he might possibly j have been injured internally; I saw the body of Gantry at the time ho was just gasping; he had received injuries about the chest. TESTIMONY OF ACTING SUPERINTENDENT OF LONG ISLAND RAILROAD, ROBERT WHITE. Received my appointment as acting superintendent from Mr. Charlick, the president of the line; my business was to attend to the road generally, seeing that there were a sufficient number of brakemen, conductors, &e. ; am subordinate to the president; I was at Hunter's Point on Monday morning, at the time the mail train left; it left by order 6f the conductor; it started behind time in consequence of the cars loaded with word being on the side track, and through the mismanagement of the yard. master they were rin too close to the junction of the two tracks to admit of the train passins in; that blocked prevented the mail train from ned by the boat being late; this leaving; 1t was al train is bebina time three times cach week; the train is behind time from four to eight minutes week; 1t ix at times over eight minutes late; can’t say how often; all the trains are xenerally two to. three minutes behind time; the down mall train is behind three or four times a week abont twenty minutes; it was forty minutes behind time Inst night; ‘the yardmaster’s name is Lorenzo Watters; the engineers ation of the’ president, my st; we advise Mr. € © no power to control his actions: the F If draw up the time table aving the contr power in arranging on Friday or Saturday last T suppose he ited me in reference to the et ey of the stock of the road; he met me in the depot on these d don't n what he said to me t I think the conversation lasted about ten minutes jon with’ him; ys there are sufllcient seats to ac: ngets on the expr’ss train; T should generally ou Saturd suppose there was sufficient accommodation eh Monday | mornin; don’t know that passengers complain of on insufficiency of eats; when there are not enough of cara it is of course the duty of the company to sup- luctor has a right to take cars if the conductor finds he suilicient number» of has the power of hiring one or more men along the route as be requires them; the company made = rules, #@uting the duties of the employes. (Copy without ‘applicati pretty near to one another; began to break up before looking out; the brakes 1 was using were good brakes; £0) the brak-s attached to the cars are in a poor con- tion; the brakes would be alternately in and out of der on’¢ or iwice ench week; the cars were filled ; some the possengers standing on both of the platforms and some standing up in the cars; I may have spoken to some the brakemen about leaving the line on account of the brakes being bad; there were passengers on the platform where I was; I broke up because the engine shut off | steam; it was just on striking the curve I broke up, TESTIMONY OF Z. M. B. BLACK. Reside in Jamaica: was at the depot on Monday morn ing; the express train hud left the station and got out of the yard, and the central train had followed; had a brief | conversation with a friend, and some one remarked about brakemen he | anded.) This is a correct copy of the rules of the com. | pany, with but one exception, in article four we insert the words “after twelve each’ day eastward bound pas- sengers have the rigiit of the road; the penalty for the violation of the rules is immediate discharge; it is the duty of the Yard Master to see that the engine is got ready for the train, also to see there is no impediment to the trains going owt; the arrival of the boats governs to acertain extent the departure of the trains; it was the duty of the conductor and engineer of the mail train to remain at Winfleld, provided the latter found he had time to reach Jamaica; if he found he had time he should proceed to Jemaica with caution; if the mail train war behind time it was their duty to send a fing round the curve; assuming they had time to reach Jamaica it was their duty to send a flag: 1 think theexpress train had sufficient umber of brakemen to ensure the safety of the passen- vers; there were foor brakemen, including the fireman and master; I can’t say why my name te not attached to the tim) table as Superintendent; the time table was destroyed where my name wae inserted and new time tables got out with Mr. Charlick’® name as, President; it ig my duty tosee that the train starts as ear as possible on its time; itis a general thing on the d to start trains behind time; the train stopping at | Jamaica going west, and engine coming in the opposite direction bas no right to use that four minutes; there are seven curves in the road from Jamaica to Hanter » Point; the radius of the tirst curve is from two thousand eight hundred to three thousand two hundred feet wide; the next one is perhaps two thousand two hundred feet: the third two thousaud four hundred feet; the next three thousand two hundred, and the last about the same; the trains could not see each other at a greater distance than seven hundred or eight hundred (eet; the train could have been stopped running at the rate of fifteen miles; thousand two hundred feet would have been suifi- ent te stop the express train, the other would require | two thousand feet . TESTIMONY OF JAMES B. COOPER, Reside at Babylon, L. 1; am inspector in the Custom House; took the express train Monday morning at Devr Park; there were not a sufficient number of seats for the accommodation of the passengers on the train that morn. ing; a number of people were standing in the aisles, and I stood there myself part of the way; went in through the whole train and could find no seats, and finally a gen- tleman insisted on my taking his seat; I think there were about forty or fifty persons standing in the train ; there were a good many passengers cot on at Jaman; think a whistle was blown shortly after leaving the depot at Jamaica; the first porson I saw injured was the boy Gaaley I only saw four persons badly injured; the boy diod shortly ;, | think the express train was running at the rate of fifteen miles an hour; they had not at- tained a very high rato of speed; the express train is nerally very punctual; the other trains are generally hind time; asa general thing they run pretty rapidly around that curve; it is a frequent occurrence that there are not seats enongh to accommodate the passengers, particularly on the express train, TRETIMONY OF JOMN MAY. Reside at Smithtown; was on the sopra Monday morning; took the cars at North Islip station; Seth cere'e gros Many pesmungers got ie at Deer Park; Mr. Walker and his daughter took a side seat behind the door, the jeman could get no seat; he was stand on the from Door Park to Jamaica; after I Ahoy wag scaryely sHaydine room; 1 have nayer train last PRICE FOUR CENTS. had any fait to find with the ime of che trains « the collision Treached out aud saw the boy op the p! form bleeding atthe mouth, also the old mao jammed between the cars. TESTIMONY OF CHARLES CARPENTER. Reside at Lakeland; am an engineer and machinist ; am ip the habit of travelling on the road two to four times each week; I was aboard the traip on Mouday morning; am familiar with the manner in which trains should be run aod what precautions should be ased to avoid accident; the train left Jamaica at thirty.six minutes past nine; when I got on the train that morning they wore about fourteen minutes tate, and lost two or three minutes between there and Deer Park; we took on another car at Deer Park; we had ten cars pnd fifty-two minutes to make Jamaica in; we arrived there in time; the reason I was so particu- as regards the time was because I had an engage- ment in the city: Thave Robert Ball’s memoranduin of the regular time in New York, and I was six minutes » we staid four or five minutes; just commenced reading the paper I had bought when the passengers were thrown into a heap; were running at the time of the collision ten miles an hour or more; have always had a copy of the time table; in my op nion the mail train had no right to leave the Winfield station at the time they did, under any circumstances; the express train on the Long Island Railroad is generally pretty Prompt; was engineer about eleven years; a train run- ning at the rate of fifteen miles an hour could bo broken up by three brakemen; this train on Monday Morning could have becn stopped by three brakemen, provided the engineer reversed his engine, and if they had the Creamer patent brake could have’ been stopped in two hundred feet; the ones on the train were the old fashioned wooden ones; the patent Creamer brakes afford creator safety than the old fashioned wooden ones which they had on; these patent brakes are entirely used on the best regulated roads; it is the duty of the company toserve up the'cars; the patent brakes are all controlled by the engineer; they have been in ase over two years; I should’ ‘fudge the trains could see each other one thousand feet at the point of collision; the whole trouble is in not. having the trains leaving Hun- ter’s Point no excuse for not leaving on time; providing the trains leave on time the time table affords ample op. portunity for them to pass each other without colliding no man caymanage a railroad® properly with a year’ experience; the president of the road has no experience and is not a proper man to manage a railroad; I should say there should be a competent superintendent for public safety; Oliver Charlick is the official manager of this road; itis very itmportant that a telegraph station should be established at every station on the road; they had but one regular brakeman, the other belng a green hand out of the yard. TESTIMONY OF GEORGE A. WOOD. Reside at Jamaica; am an engineer on the Brooklyn Central Rajlroad; was engaged in that capacity Monday morning last; started about a minute after the express train went ont; was shout half way distant between Ja- maica and Van Wyck avenue; I was about half way from our engine house to Van Wyck; saw the mail train coming down the grade; have been engineer about four- teen years; the express train was running from twelve to sixteen mites an hour; left Jamaica, by my watch, between thirty-eight and thirty-nine minutes past nine according to my time; I was four or five minutes faster than Conductor Sands’ time; could not have brought the mail train toastand still if Lhad been running it; the mail train was coming down the curve eighty or ninety rods this side the High Bridve; a train the size of the mail train, taking into consideration the down grade, could be stopped in two hundred or three’ hundred yards; there has been no race between us in two or three weeks; we used to give them a little brush down to Van Wyck avenue; the morning train is generally here on. time; some trains keep us waiting; the mail train that arrives at Jamaica, due at six.o’clock, is generally an hour behind time; presume the cause of their being behind time is because the up trains from Hunter's Point are behind time, and delay the mail train; should think two brakesmen, includ the fireman and baggage mon, were sufficient to insu safety; it is necessary to have one for every two cars; I mean four regular brakesmen ; Ito not include the fire- man or baggage master, TESTIMONY OF JAMES H. CLARKE. Reside at No. 161 West Forty-seventh street; was on the mail train on Monday last; think the collision occurred about half-paat nine; saw the other train com- ing just as we passed the Hizh Bridge; the express train was running at twelve or fourteen miles an hour; our train had very nearly stopped at the time of the ¢o lision ; sat looking out at the window about three-eighth of a inile off; heard no whistle from the express tran; thero was no mn Why the expross train should not see our train ¢ other train had not slackened specd; he thought they.wvere coming on a different track. ¥_ OP JAMES DONALDSO Treside at No. 118 Washington square, York; was on the’Hunter's Point train on Monday last; left Hunter's Point about half-past nine o'clock; we got in the third car; we arrived at the bridge, and im- mediately after arriving at the bridgo our engineer blew down the brakes; in a few moments we passed the second high bridge, and I looked out of the window and saw the smoke of the approaching train; I cautioned my friends to look ont, Jumped into the middle of the car and received the shock; watched the approaching train, and listened for a whistle from.it, but I did not hear any; I think as sopn as they were in sight around the curve they slackened speed; have travelled about six weeks this summer on the road; about haif of the time was be- hind time; the brakemen complaincd that they had not help enorgh ; have travelled as far ax ilicksville, and it would be behind its time from ten _winutes to half an hour; the five o'clock train from Hunter's Point would be generally behind time; on the train I came on to-day from Hunter's Point, which left there at half-past three, Tascertained from the brakeman that he was the only one on the train; there were five or six cars on the train. TESTIMONY OF RICHARD WERKS. Reside in New York; am vrakesman on the Long Island Railroad ; have been in the employ of the company two years; am attached to the express train, and was on it on Monday; at the time of th form ; had by in the rear car taking ip the tickets; bebeve the extra brake man was on the last ear; did not hear any whistle till after the engine was shut off or reversed; this was pretty near to Van Wyck avenue; the blow was along blow; I hoard the whistle, looked out, and the engines were the time of the departure of the train; I went into the ollice aud looked at the clock; it was 9:32 A, M. TESTIMONY OF OLIVER B. VAIL. Left Hermitage on the express train on Monday morn- o'clock; compared my watch with the condue- it corresponded with his time exactly ; took up all the passenger cars at Riverhead, Waverley and Deer- park ; left Deerpark seventeen to twenty minutes behind time; give up my seat; the cars being full was obliged to stand until we arrived at Jamaica, at 9:30; about forty or fifty bagsongers got off ut Jamaica, and others got on; do not kndw how roany; left Jamaica at 9:36; obtained a seat in the fourth car; I should think perhaps three or four were standing up in this car; was plenty of stand- ing room inside this car for twenty or thirty persons, but the seats were all occupied by passengers; the collision occurred about 9:3 M. by my wateh, which T exam- ined as soon as left the which was immediately after the collision. TESTIMONY OF W. T. BRUSH. Reside in Jamaica; have beon in the habit of travelling upon the Tong Island Railroad for the last six months; think the accommodation afforded the public very poor— deticient in ; have to stand often with umber of others; bi oor locomotives also; sometimes the train ie as much as twenty minutes late—sometimes an hour Int d sometimes the engine gives out on the road; conductors always used me pretty well; Mr. Charlick bas sometimes used me pretty well, and sometimes his lan- guage has been pretty rough! bave been on the train when we had to wait for a train to pass us, being de- tained about thirty minutes; care most crowded on Satur- day nights and Monday mornings; by being deficient in locomotives mean that previous 'to getting the new en- gines the engines have broken down at Mudileld, and then had to send back for another engine, TESTIMONY OF HENRY J. TATTERSON, Reside at Greenpoint; am an express messenger, and Jeft on board the mail ‘train on Monday morning, from Hunters Point; tirst saw the express train about’ three hundred and fifty feet from ours; mait train was going slow; the express train was going at twelve or fifteen miles per hour; heard no whistle from express train tintil I was about getting out, and then the express train was about seventy-five or one hundred feet off; the mail train had been blowing her whistle when between the two bridges: at ¢ the first whistle was blown we were going fri ight miles per hour; am in th habit of passing over the road every day; as a gencral rule the trains are behind their time in starting from Hunter's Point from three minutes to half a» hour TESTIMONY OF W. HL. PIKES. Reside at Mallsbury, L. 1, and do busin Point; been in the habit of’ going over t thrice exch week ince February last; wa: the express train; Tooked at my watch stopped; found it was exactly half past nine; stopped, the depot about five minutes; heard the wiristling fie engine before the collision ; folt the slackening OP F {he train aud immediately after the collision; I aw third car from the rear of the tin; car Wa foning two men acting as brakemen; the Saturdafromn ton express has been behind ite time im startir minutes to half an hour. TRETIMONY OF M. RY Railroad, on the Am baggage master on Lang Tsang train when we mail train; saw etmoke of the ext iong whistle, #li- wre between the to riders; BBlagam, were on one mt x we were coming, shut hundred feet this aide of High, "10Re,, there we saw Ue ST ssran buses hee until they got within one ‘hundred yards ¢’ U8; am in the beagege cat from the time We leave the depot Feagh our deaipatiat; the brakes operate on eight whole; gur jraig ld Bob heve been sigpped sooner t Hunter's thao it was; our train is often behind tim: for the mails, the boat detains us sometim: TESTIMONY OF A. L. CORW Reside at Yaphank, at baggage master; been on Long Island Railroad about fourteen wontus; my business ie to aitend to the baggage, and also to the brakes whoa otherwise unemployed; Was in the last car collecting the fares. left the express messenger in the baguage car; heard the whistle blowing ahead as usual goiug round the curve; heard the whistle about one minute belore th» collision; there was a brakeman between the two last. curs; the baggage car brake Was On tight after tbe collie jou, there were two brakemen on the brain besides my- Self there were eght passenger, one baggage and ono smoking car; am positive there could have been fifteen passencers seated in the rear car, This completed the number of witnesses examined, and ateight P. M. tue jury retired to consider on their verdict, which they had not agreed upon at one o’clock this morning. ave LO WO RAILROAD CASUALTY IN MASSACHUSETTS. A Stage Containing Twelve Persons Struck by a Ratiroad Train—One Man Killed and Seven of the Party Severely Injured. Tgsron, Sept. 1, 1865. Yesterday afternoon at one o’c Wk a stage coach with: a party of twelve ladies and gentiemen, neighbors, was on its way from Lovell’s Corner, South Weymouth, where they all resided, to the beach at Cohasset, the party proposing to ‘stay some days at the last’ named place. : In crossing the South Shore railroad track, at West Hingham, where the county road and railroad cross each, other obliquely, running almost parallel, the two horses elewed a little at the approach of a freight train, and one of the coach wheels caught between the rails aud the wooden planking of the road crossing. At that moment the coweatcher struck and shattered the wheel, turning: the coach over on Mr. Lovell and killing him instantly, and seven others out of the party of twelve were badly injured. ‘One man was thrown from the top of the coach on to the engine tender, and was not injured A lady was thrown on the cow catcher, and carried on it till the train stopped—losing one of her eyes and being | in other respects: badly injured. Mr. James Wendell was very badly burt, Mr. M. Holbrook had his head injured, aud was con- sidered worse this morning. Mr. Austin Poole had his leg shattered, and it was am- pntated, It was thought this morning that he would not live through the day. Mrs, Lovell’s lower limbs are paralyzed, having been injured in the spine. Mrs. Poole if seriously injured. Both these ladies are in'a very critieal condition. The other passengers were none of them dangerously injured, although jarred and bruised. Accident Near Philadelphia—Several Persons Injured. [From the Philadelphia’ Ledger, Sept. 1.) On Tuceday night a collision occurred between a pas- senger and a coal train on the Juniata Railroad, near Philadelphia, by which several persons were injured. , One Hundred and Fifty People Killed at the Yorkville Station of the New York and Harlem and New York and New Haven Railroads in the Last Sixteen ty-five Miles an Hour on the en Rodd. RAILWAY CALAMITIES. | (New York (Angust 26) correspondence of Providenc> i Journal.) Last Taesday a man pamed Dean was instantly killed at the Yorkville station, about five miles north of the City Hi and on Friday another victim sealed his fato at the same point. The first was a worthy and some- what wealthy butcher; the last was a lawyer of emi- nence, named Henry G. Wheaton, and was, I believe, a | relative of the late Henry Wheaton, of your city, author | of the world-wide renowned work on international law. trains of the New York and Hericm and the New and New Haven railroads pass every day. There are two tracks, and between them is avery smail platform, about, exghteen inches or two feet wide, on which people w ing to take the upward or downward trains of the Har- lem road may stand, if they choose to incur the risk of doing so, while the opposing or opposite train is pass- ing. People anxious to take the Harlem trains—for the New Haven now stop at this point—will place themselves on the narrow platform at the peril of their lives, and thus offer themselves willing sacrifives. T have paseed the dangerous point indicated twice each day for the last sixteen years, and during that period L think a* many a8 one hundred and fifty people have been been denounced as.a man-trap. It has frequently beem been done such a howl of discontent has been raised that its restoration has been found necessary. ‘The other day, while passing through Connecticut, the conductor received at Guilford station a telegraphic despatch from the Superintendent of the road:— Hold | on at Guilford; do not come on til! further orders. ’? | We paused half ‘an hour, when another despatch camo | to the effect: —“Come on sowiy: do not excceed five miles an hour; down train dn the track; be very care- ful.” . Finally we reached New Haven, having passed the d@’sabled train, We had a loss of half an hour and up- iy who sat @y my side protested that auch ach ‘trains, that could not get rthun five or ten imiles an hour, should not be Such a nuisance was intolerable and not to be endured. We started from New Haven at fall speed. We had half an nour’s lost time to_make good in order to con- | nect with the Southern and Western trains in New York, ‘The speed was increased to sixty-five miles the hour iM that lost time was made good. And then the lady was in assion of anxiety and alarm. “What will become of ust” she exclaimed. “If anything should oceur to (he road, if a wheel ora rail should be broken, we should all be murdered! Such a road should be indicted; and if £ were a man I would do it the moment we reach New York. But what a railway for human life!” For- tunately we reached New York in time, and the lady praixed a rofl that had in safety enabled us to connect: | with the Southern route. | NEWS FROM WESTERN MEXICO. Occupation of the Principal Town: Sonora and Sinaloa by the Imper! «-Military and Mining News from Arizona, &e. ‘A private despateh received yesterday in this city from San Francisco, dated August 30, brings later news fre the Pacific coust of Mexico, The steamer John L. 7 phens, which left Guaymas August 20, reached Sag, ‘ cisco on the 30th, The day before she left Gube So- courier arrived from Hermozillo, in the inter‘ nora, with news to the 19th of August. 4 the 12th « The imperial troops occupied Hermorillg, 41 direc- of August, and had thrown open the 19 uops under tions in the interior of Sonora. The Ping qo months Pesquiera, the Juarist Governor, Whijsnandet and gone ago numbered three thoussod, hav ora, Dak over to the imperial forces. als of The Gandara party, the old,mporialists, reased the made common cause vith thosquiera, who had been French prisoners ~ Hermozillo, ait had con~ several months imptsoneya) commander. They had ducted them to tl? ImAogely confined, aad were im been held as by ark bot as an offet whe envene aily expectatior in Mex! y Topet0 nd his offigere tion of the ban: re a nupber cf Egyptian 0 byiret amy and it is Pesquiern am! ro bored Stace territory. upponed werd tke FOES pvared., i the laut oF: Hie ary, Which bas thy, covernment in Yorthwestern ganized force of the J Mexico. quick succeeding disbandment The late defeat ®Son.jgered as putting mend fur Pesquicra’s AFMY gition to the Imperial povernment it» present to the Ole. Although Pesquiets threatens tor that part of Mand wage a guerilla war, there is now ) of trouble from that source, no appreben'Arizona are open, and regular shipments |, The teadinde of silver bullion from the southera have beehynna | mines of was in peaceable possession of the imperial fit, and business wae reviving, Shipments of Tiiae and twwehinery for Sonora, Arizona and | mere'Cajifornia go down by the John 1, Stevbens. LOY gails about the Sth of September, my wh tates government were building an elgh in Arizona, near tho |yor Kop Theso troop, applied \fom Callfornia, will afford protection to tuat portion of ye fromtier. Hie qoneral mining news from Mexico i# gond Some ne very rich specimens of silver ore have buen reels from San Antonio and Cacachila, in Lower California, said to excved any ores yet brought from that peninsal The Kentucky Election, ‘ugust 20) correspondence of Cincinnatl {Lexington (Aug) Co: winter, Amon } Zouaves. A but abowere The total official vot with the exemption of Wolfe I ‘Treasurer, Garrard, oud’ Gurraré'e majority 18 158, Last 240; Neale, | McClellan's was about 38,000 mined jouse will stand, oppo — 58; Union, 42 Tho Senate, op] osition mi ee tavern oe id that Liewtenant rnor Jacol geetnest Tf so, his casting vote will carry it in the: Seon ato of Wolfe county will not be counted, the nw throwhhg it out on account of the election forwarding it to the capital At this sation, at Yorkville, some twenty fe oF teh =. ‘or! Killed there. The middle or narrow platform has long’ removed by the Harlem Company; but when this has. ,