Word: ketchum
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Dates: during 1940-1949
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...payment for 2,500 rifled Hall carbines at $22 apiece. He repaid himself the $20,000 with interest, commission, costs of rifling, packing, insurance, etc., and after that day he never had any further interest in the sale of the carbines directly or indirectly. Stevens went to Morris Ketchum and borrowed a considerable sum of money from him. When Ketchum's loan was not repaid he pressed his claim for it and brought suit and collected...
...Ketchum stood in Morgan's shoes as far as the collateral was concerned, he brought his claim in Morgan's name and the files in Washington are so labelled, but anyone who wants to get at the facts and read the two reports of the Congressional Investigating Committee and the War Department Commission's report and the records of the Stevens suit in the Court of Claims will find that Morgan had no profit, interest or commission whatever in the transaction after his loan had been paid...
...true that Morgan's loan had been repaid-I make no statement to the contrary in my book-when the claim was made upon the Government for further payment. But the claim was made in Morgan's name, with Morgan, according to Ketchum, "acting as a sort of trustee in the premises" (House Reports, 37th Congress, 1861-62, 2nd Session, Vol.1...
...contrary in my book). For the two shipments involved one transaction -Morgan paid for the whole 5,000 carbines, while the claim on the Government was not for payment on the second shipment but for balance due on the whole 5,000 carbines [when all had been delivered]. Ketchum testified that Morgan "refused to allow the others to go until he received the money for the first shipment" (House Reports...