Thanks Bit!
Well, I think my biggest obstacle here is in the diagnosis and I'm like one of those "jack of all trades & master of none" kind of people. I could cause more harm than good.
I may take a peek inside to see if any connections are loose, but that will probably be a useless venture since the problem will not be easily identifiable visually.
I may want to rest on my laurels that Channel 1 is working and it is good enough for now since I'm running keys through it, and $75 got me that Alesis 3630 and 1 good EQ channel! Hah hah.
Happy Thanksgiving by the way.