The Ketchum forgery... Jeff Davis should be hanged...
NEW-YORK TIMES, Aug. 28, 1865
- Edward B. Ketchum
- Wall street scandal
Among front page column heads: "KETCHUM" "Story of His Last Fortnight" "His Whereabouts and Doings by Day" "His Arrest And Imprisonment" "Story Of Ketchum The Defaulter" "Ketchum at the Police Headquarters--Interview with His Father and Counsel--All About Him". This was a major financial scandal at the time. He would be bailed out by his father.
Page 2 begins with: "RECREANT REBELS" "Should The Culprits be Hanged" "Jeff. Davis and His Fellow Conspirators Considered in the Pulpit" "Rev. Mr. Burton Thinks Jeff. Ought to Swing--also Others" "Touching Tribute to Abraham Lincoln" and more.
Eight pages, very nice condition.
Background: On August 28, 1865, front-page headlines captured the dramatic climax of one of post-Civil War Wall Street’s most notorious financial crimes: the arrest of Edward B. Ketchum, a junior partner at the banking firm Ketchum, Son & Co., who had fled after orchestrating a massive $1.5 million to $2.5 million forgery and embezzlement scheme to cover his failed gold speculations. The news reports detailed his hidden "last fortnight" in New York City, his capture by police, and his initial imprisonment at Police Headquarters, where he was confronted by his devastated father, prominent Wall Street financier Morris Ketchum. Morris—determined to uphold the family honor and satisfy the firm’s creditors—used his own substantial fortune to cover Edward's forged notes, secure his bail, and organize his legal defense, though Edward was ultimately convicted of forgery and sentenced to Sing Sing prison.