State National Bank (New Orleans, LA)

View Charter #1774 on SPMC View balance sheet

Episode Information

Episode UID
177401296
Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
17740 national
Charter Number
1774
Start Date
December 26, 1907
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ecbe278983b0dad0

Response Measures

Books examined

Clearinghouse involved: Yes (loan, examination, or other measures)

Description

Resignation and misconduct of president William Adler precipitated heavy withdrawals and stockholders voted liquidation.

Events (5)
1. January 20, 1871 Chartered
Source
historical_nic
2. December 26, 1907 Run
Cause
Bank Specific Adverse Info
Cause Details
Resignation of President William Adler and related receivership/financial trouble at his wholesale grocery firm triggered heavy withdrawals.
Newspaper Excerpt
the State National Bank has suffered heavy withdrawals of money.
Source
newspapers
3. December 27, 1907 Receivership
Newspaper Excerpt
the State National Bank and the Adler firm was placed in the hands of receivers.
Source
newspapers
4. January 30, 1908 Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders voted to liquidate following heavy withdrawals and the Adler scandal; six liquidators were appointed.
Newspaper Excerpt
Liquidation of the State National Bank of New Orleans was decided upon by a vote of the stockholders.
Source
newspapers
5. January 30, 1908 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (20)
1. October 3, 1907 The Plymouth Tribune Plymouth, IN
Article from The Plymouth Tribune, October 3, 1907

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1066-Norwegians defeated the English at Fulford. 1198-Richard I. defeated the French at the battle of Gisors. 1327-Edward II. of England murdered in Berkeley Castle. 1356-English defeated the French at the battle of Poitiers. 1415-Owen Glendower, the Welsh patriot, died at Monnington. 1628-John Endicott's colony arrived at Salem, Mass. 1630-Boston, formerly Trimountain, Mass., named. 1653-New England colonists declared war against the Niantick Indians. 1665-The great plague of London reached its height. 1675-Bloody Brook massacre at Deerfield, Mass. 1697-King William's war ended by the treaty of Ryswick. 1710-Expedition against the French sailed from Boston for Port Royal. 1714-George I. landed in England. 1745-Battle of Prestonpans between the Royal troops and the Jacobites. 1747-Marquis de Beauharnais ended his twenty-one year term as governor of Canada. 1759-Quebec capitulated to the British. 1762-St. John's, Newfoundland, retaken from the French by the British. 1776-The first Trinity church, New York, destroyed by fire. Built in 1698. 1777-Continental Congress left Philadelphia on the approach of the British.... British victorious at battle of Saratoga.... British defeated the Americans at Paoli, Pa. 1792-Meeting of the first Parliament of upper Canada. 1793-George Washington laid the corner stone of the national capitol at Washington. 1801-Robert Emmet, Irish patriot, hanged for treason. 1821-Central American States declared their independence. 1823-Samuel L. Southard of New Jersey became Secretary of the Navy. 1838-Opening of the London and Birmingham railway.... Anti-Corn Law League formed at Manchaster, England. 1841-Railway opened between London and Brighton. 1847-Shakspeare's house, Stratford-on-Avon, bought for the British nation. 1850-President Fillmore signed the fugitive slave law. 1854-Allies defeated the Russians at the battle of Alma. 1856-The last national convention of the Whigs met at Baltimore. 1857-Massacre at Mountain Meadow, Utah.... Delhi captured by the British. 1860-The American tour of the Prince of Wales began at Detroit. 1861-New Orleans banks suspended specie payment. 1862-Battle of Antietam ended. 1863-Gen. Bragg began the siege of Chattanooga.... First day of the battle of Chickamauga. 1864-Gen. Sheridan victorious at battle of Winchester.... Gen Fremont withdrew as a candidate for President. 1868-Revolution in Spain commenced. 1870-The Germans invested Paris. 1871-Lincoln's body removed to its final resting place at Springfield, Ill. 1873-Financial panic precipitated by the suspension of Jay Cook & Co. 1881-Chester A. Arthur took the oath as successor to President Garfield. 1891-The St. Clair tunnel under the Detroit river opened to traffic. 1894-Chinese defeated with heavy loss at battle of Ping Yang, Korea. 1895-Peary Arctic relief expedition left St. John's, N. F., on return home. 1898-Spanish forces began the evacuation of Porto Rico.... French minister of war ordered the prosecution of Col. Picquart, in connection with the Dreyfus case. 1899-Anti-trust conference at Chicago ended.

2. December 27, 1907 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, December 27, 1907

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BANK WILL PAY UP STATE NATIONAL BANK OF NEW ORLEANS TO LIQUIDATE. Counsel Announces That Depositors Will Get All Their Money and Holders of Stock Will Be Paid. New Orleans, La., Dec. 26.-"All holders of stock in the State National Bank will receive from $150 to $200 per share for their stock and all depositors will be paid in full," was the official announcement today of W. 8. Parkerson. counsel for the institution, whose directors have called a stockholders' meeting to decid'e whether the bank shall go out of business. The proposition to liquidate was caused by the belief that the resignation of President William Adler last week impaired the bank's usefulness. The bank has since been declared solvent both by National Bank Examiner Cooper and the New Orleans Clearing House Association. Nothing has been given out here about the whereabouts of Mr. Adler. One report has him in New York and another that ne was in charge of a ship load of groceries consigned from here on the steamer Alps to Puerto Cortez, Spanish Honduras, last week. Receivers today took charge of 'the wholesale grocery firm of A. Adler and Company in which Mr. Adler was concerned. Ralph J. Schwartz and Catesby Jones, acting in this capacity, immediately began an examination of the company's books.

3. December 27, 1907 The News-Democrat Providence, RI
Article from The News-Democrat, December 27, 1907

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NEW ORLEANS STATE NATIONAL MAY LIQUIDATE New Orleans, La., Dec. 27.-"All holders of stock in the State National bank will receive from $150 to $200 per share for their stock and all depositors will be paid in full," was the official announcement, of W. S. Parkerson, counsel for the institution, the directors of which have called a stockholders' meeting to decide whether the bank shall go out of business. The proposition to liquidate was caused by the belief that the resignation of President William Adler last week impaired the bank's usefulness. The bank has since been declared solvent both by National Bank Examiner Cooper and the New Orleans clearing house. Nothing has been given out here about the whereabouts of Mr. Adler. One report has him in New York, and another has him in charge of a ship load of groceries consigned from here on the steamer Alps for Puerto Cortez, Spanish Honduras, last week. Receivers yesterday took charge of the wholesale grocery firm of A. Adler & Co.

4. December 28, 1907 The Washington Herald Washington, DC
Article from The Washington Herald, December 28, 1907

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ADLER MYSTERY UNSOLVED. Missing Bank President Thought to Have Gone to Honduras, New Orleans, Dec. 27.-The Adler mystery still remains unsoived. Adler, who was president of the State National Bank of this city, left here secretly Saturday on the steamer Alps, which, with a large cargo of groceries and provisions, cleared for Honduras. The vessel should have reached there two or three days ago, but has not been heard from. An investigation disclosed the fact that goods were shipped to the Honduras government. A cablegram was sent by the consul of Honduras here, ordering the stoppage and detention of the cargo, which had not been paid for. The State has withdrawn its balance of $362,000 from the State National Bank and placed it with the other State depositories.

5. December 30, 1907 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, December 30, 1907

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MISFORTUNES HEAP ON ADLER He Is Now a Shipwreck Refugee. A LARGE CARGO IS LOST Insurance Policy on Goods is Rendered Worthless. His Bank Must Now Go Out of Bustness. and His Grocery Firm is in the Hands of a Receiver. New Orleans. Dec. 29.-Almost unparalleled misfortunes have heaped in the short space of one week upon Milliam Adler. one of New Orleans's foremost bankers and a leading wholesale grocer of the South. The arrival of news today that Mr. Adler is a shipwreck refugee at Belize, British Honduras. added several new misfortunes to a record already big. One week ago tonight, Mr. Adler's resignation as President of the State National Bank shook New Orleans's financial circles. Since then, the bank has announced that It must go out of business: Mr. Adler's wholesale grocery firm. one of the largest in the South. has gone into the hands of a receiver; a load of groceries consigned to Honduras. which Mr. Adler's friends claimed were one of his last hopes of recouping his fortunes. has been lost by shipwreck. and the steamer Alps, carrying both the groceries and Mr. Adler, and owned by Mr. Adler. is a total loss by the same wreck. Misfortune, not content with these strokes. added the last straw when by the merest slip of chance. the insurance policy on the shipload of groceries was rendered worthless by failure of premium payment before the wreck. There is the possibility that Mr. Adler's cup of ill-luck is not yet full. for the utmost secrecy was maintained by him about his trip on the Alps and he has not yet had an epportunity to say how much he had at stake. Misfortune has also dealt a blow at one of Mr. Adler's closest friends, Moses Schwartz. a prominent New Orleans merchant. who was with Mr. Adler on the Alps. and whose foundry here went into receivership shortly atter the steamer sailed. The Alns lies on Glover's Reef, scarcely fifty miles from the port she was making for, Puerto Cortez, Honduras. W. E. Lawrence was today appointed manager of the wholesale grocery firm of A. Adler & Co.. with instructions to put the business on its feet, if possible. Eastern creditors are heavily interested in the Adler firm.

6. December 30, 1907 The Topeka State Journal Topeka, KS
Article from The Topeka State Journal, December 30, 1907

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UNMERCIFUL DISASTER. Followed Fast and Followed Faster the Fortunes of Wm. Adler. New Orleans, Dec. 30.-Almost unparalleled misfortunes have been heaped in the short space of one week upon William Adler, one of the New Orleans foremost bankers and a leading wholesale grocer of the south. The arrival of news that Mr. Adler is a shipwrecked refugee at Belize, British Honduras, added another chapter to a record already long. One week ago tonight Mr. Adler's resignation as president of the State National bank shook New Orleans' financial circles. Since then the bank has announced that it must go out of business; Mr. Adler's wholesale grocery firm, one of the largest in the south, has gone into the hands of a receiver: a load of groceries consigned to Honduras, which Mr. Adler's friends claimed were one of his last hopes or recouping his fortune, has been lost by shipwreck, and the steamer Alps carrying both the groceries and Mr. Adler and owned by him, is a total loss by the same wreck. By the merest slip of chance the insurance on the ship and groceries was rendered worthless by failure of premium payment. Misfortune has also dealt a blow at one of Mr. Adler's closest friends, Moses Schwarz, a prominent New Orleans merchant, who was with Mr. Adler on the Alps and whose foundry here went into receivership shortly after the steamer sailed. The Alps lies on Glover's reef, nearly fifty miles from the port she was making for, Puerto Cortez, Honduras. W. E. Lawrence has been appointed manager of the wholesale grocery firm of A. Adler & Co., with instructions to put the business on its feet if possible. Eastern ereditors are heavily interested in the Adler firm.

7. December 30, 1907 New-York Tribune New York, NY
Article from New-York Tribune, December 30, 1907

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MISFORTUNE IN HIS PATH. Banker Adler Shipwerecked Refugee, with His Cargo Gone. New Orleans, Dec. 29.-Almost unparalleled misfortunes have been heaped in the short space of one week upon William Adler, one of the foremost bankers of New Orleans and a leading wholesale grocer. He is now a shipwrecked refugee at Belize, British Honduras. One week ago to-night Mr. Adler's resignation as president of the State National Bank shook the city's financial circles. Since then the bank has announced that it must go out of business; Mr. Adler's wholesale grocery firm has gone into the hands of a receiver; a cargo of groceries consigned to Honduras, which Mr. Adler's friends believed was one of his last hopes of recouping his fortunes, has been lost by shipwreck, and the steamer Alps, carrying both the groceries and Mr. Adler and owned by him, is a total loss by the same wreck. By the merest slip of chance the insurance policy on the shipload of groceries was rendered worthless by failure of premium payment before the wreck. Misfortune has also dealt a blow at one of Mr. Adler's closets friends, Moses Schwartz, a prominent New Orleans merchant. who was with him on the Alps, and whose foundry here went into receivership shortly after the steamer sailed. The Alps lies on Glover's Reef, scarcely fifty miles from the port she was making for-Puerto Cortez. W. E. Lawrence was appointed manager of the wholesale grocery firm of A. Adler & Co. to-day. with instructions to put the business on its feet if possible Eastern creditors are heavily interested in the Adler firm.

8. December 30, 1907 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, December 30, 1907

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New Orleans, La., Dec. 29.-Almost unparalleled misfortunes have been heaped in the short space of one week upon William Adler, one of New Orleans' foremost bankers and a leading wholesale grocer of the south. The arrival of news today that Mr. Adler is a shipwrecked refugee at Belize, British Honduras, added another chapter to a record already long. One week ago tonight Mr. Adler's resignation as president of the State National bank shook New Orleans financial circles. Since then the bank has announced that it must go out of business; Mr. Adler's wholesale grocery firm, one of the largest in the south, has gone into the hands of a receiver; a load of groceries consigned to Hondueas, which Mr. Adler's friends claimed were one of his last hopes of recouping his fortune, has been lost by shipwreck,

9. December 31, 1907 Bryan Morning Eagle Bryan, TX
Article from Bryan Morning Eagle, December 31, 1907

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MANY MISFORTUNES. Adler Seems to Have Truly Had a Strenuous Time Lately. New Orleans, Dec. 30.-Almost unparalleled misfortunes have been heaped in the short space of one week upon Mr. Adler, one of New Orleans' foremost bankers, and a leading wholesale grocer of the south. The arrival of news that Mr. Adler is a shipwreck at Belize, British Honduras, added several misfortunes to a record already big. A week ago Sunday night Mr. Ad ler's resignation as president of the State National bank shoot o'd New Orleans financial circles. Since then the bank has announced that it must go out of business. Mr. Adler's whole. sale grocery firm. one of the largest in the south. has gone into the hands of a receiver: a load of groceries consigned to Honduras, which Mr. Ad ler's friends claimed was one of the his largest hopes for recuperating misfortunes, has been lost by shipwreck, and the steamer Alps, carrying both the groceries and Mr. Adler, is a total wreck. By the merest slip of chance. the insurance policy on the shipload of groceries was rendered worthless by failure of premium payment before the wreck. Misfortune has also dealt a blow to one of Mr. Adler's closest friends, Moses Schwartz, a prominent New Orleans merchant, who was with Mr. Adler on the Alps, and whose foundry here went into receiversip control shortly after the steamer sailed. The Alps lies at Glover's reef, scareely fifty miles from the port she was making for. Puerto Cortez. Honduras. W. E. Lawrence was appointed manager of the wholesale grocery firm of A. Adier & Co., with instructions to put the business on its feet if possible. Eastern creditors are heavily interested in the Adler firm.

10. January 1, 1908 Tonopah Daily Bonanza Tonopah, NV
Article from Tonopah Daily Bonanza, January 1, 1908

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FICKLE FORTUNE FROWNED ON ADLER NEW ORLEANS, Dec. 31.-Almost unparalleled misfortunes have been heaped in the short space of one week upon William Adler, one of New Orleans' foremost bankers and a leading wholesale grocer of the south. The arrival of news today that Mr. Adler is a shipwrecked refugee at Belize, British Honduras, added another chapter to a record already long. One week ago tonight Mr. Adler's resignation as president of the State National Bank shook New Orleans financial circles. Since then the bank has announced that it must go out of business. Mr. Adler's wholesale gr8cery firm, one of the largest in the South, has gone into the hands of a receiver, a load of groceries consigned to Honduras, which Mr. Adler's friends claimed were one of his last hopes of recouping his fortune, has been lost by shipwreck, and the steamer Alps, carrying both the groceries and Mr. Adler and owned by him, is a total loss by the same wreck. By the merest chance, the insurance policy on the shipload of groceries was rendered worthless by failure of premium payment.

11. January 3, 1908 The Rice Belt Journal Welsh, LA
Article from The Rice Belt Journal, January 3, 1908

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LOUISIANA NEWS. ADLER'S misfortunes. Heaped Upon New Orleans Banker All Within a Week. New Orleans, La.: Almost unparalieled misfortunes have been heaped in the short space of one week upon Wm. Adler, one of New Orleans' fore. most bankers and a lead ng wholesale grocer of the South. The arrival of the news Sunday that Mr. Adler is a shipwreck refugee at Belize, British Honduras, added several new misfortunes to a record already big. One week ago Mr. Adler's resignation as president of the State National Bank shook New Orleans financial circles. Since then the bank has announced that it must go out of business. Mr. Adler's wholesale grocery firm, one of the largest in the South, has gone into the hands of a receiver: a load of groceries consigned to Honduras, which Mr. Adler's friends claim was one of the largest hopes for recuperating his fortune has been lost by shipwreck, and the steamer Alps, carrying both the groceries and Mr. Adler, is a total wreck. By the merest slip of chance the insurance policy on the shipload of groceries was rendered worthless by the failure of premium payment before the wrack. Misfortune has also dealt a blow at one of Mr. Adler's closest friends, Moses Schwartz, a prominent New Or. leans merchant, who was with Mr. Adler on the Alps and whose foundry here went into receivership shortly after the steamer sailed. The Alps lies on Glovers Reef scarcely fifty miles from the port she was making for, Puerto Cortez, Honduras. W. E. Lawrence was Sunday apr pointed manager of the wholesale grocery firm of A. Adler & Co., with instructions to put the business on its feet if possible. Eastern creditors are heavily interested in the Adler firm.

12. January 3, 1908 Tensas Gazette Saint Joseph, LA
Article from Tensas Gazette, January 3, 1908

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Trouble For Adler. New Orleans.-Almiost unparalleled misfortunes have been heaped in the short space of one week upon William Adler, one of New Orlean's fore most bankers and a leading wholesale grocer of the South. The arrival of news that Mr. Adler is a shipwreck refugee at Belize, British Honduras, added several new misfortunes to a record already big. One week ago Mr. Adler's resignation as president of the State National bank shook New Orleans financial circles. Since then the bank has announced that it must go out of business. Mr. Adler's wholesale grocery firm, one of the largest in the South, has gone into the hands of a receiver; a load of groceries consigned to Honduras, which Mr. Adler's friends claimed were one of his last hopes of recouping his fortunes, has been lost by shipwreck; and the steamer Alps, earrying both the groceries and Mr. Adler, and owned by Mr. Adler, is a total loss by the same wreck. By the merest slip of chance the insurance policy on the shipload of groceries was rendered worthless by failure of premium payment before the wreck.

13. January 24, 1908 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, January 24, 1908

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MRS. ADLER DEPARTS. Supposed She Will Join Her Husband At Port Cortez. New Orleans, La., Jan. 23.-Mrs. William Adler, wife of the former President of the State National Bank, accompanied by four of her children, left New Orleans today on the steamer Mobila for Port Cortez, Spanish Honduras. Adler, who was also the head of the wholesale grocery and commission firm of A. Adler and Company, recently disappeared from New Orleans. Following his departure, a new president was elected and the State National Bank and the Adler firm was placed in the hands of receivers. Adler is now reported to be in Central America, where he has mining property.

14. January 31, 1908 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, January 31, 1908

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BANKS TO LIQUIDATE. Stockholders of New Orleans Institution Decide on Action. New Orleans, LA., Jan., 30-Liquida+ tion of the State National Bank of New Orleans was decided upon today by a vote of the stock-holders. This bank is nearly one hundred years old. Following the resignation of President William Adler several weeks ago and a receivership for a large grocery firm of which he was head, the State National Bank has suffered heavy withdrawals of money. Six liquidations were elected and immediately put in charge of the bank. They are: John H. Fulton, Charles Janvier, Charles Godchauz, Warren Kearny, Louis Kohlman and Charles A. Morgan.

15. February 5, 1908 The Columbus Journal Columbus, NE
Article from The Columbus Journal, February 5, 1908

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prominent in business and philan thropy, died in Denver, aged 87 years. one man was killed and five injured in Los Angeles, Cal., when a train struck a, street car. Rescued from their vessel after she had become disabled in midocean, carried to Genoa and thence to London, Capt. Kelly and the five members of the crew of the brigantine Aquila arrived at Halifax, N. S., on the Allan line steamer Sardinian. That no necessity exists for a reduction in the prices of iron and steel and that none will be made was the general understanding arrived at by representative manufacturers of pig iron, iron and steel at a meeting held in New York. Dr. Leander Starr Jameson, premier and secretary for native affairs of Cape Colony, has resigned. He assumed these offices in February, 1904. Fire wiped out the village of Twin Lakes. Minn., over 200 persons being made homeless. After a struggle of five hours against cold and a turbulent sea, the life savers of the Coslata station, near Nantucket, rescued the crew of the Newport brigantine Fredericka Schepp, which was wrecked on the north side of Coatue beach. The flag of the American man-ofwar Chesapeake and the "Balaclava bugle," two of the most valuable war relics of a collection of antiquities that belonged to the late T. G. Middlebrook, were secured at the auction sale of the collection in London for American buyers. A proposal for state-wide liquor prohibition was rejected in the Michigan constitutional convention by a vote of 55 to 39. In a dispute over a horse, Philip Kastner. aged 62, shot and fatally wounded his son George, aged 32, at Jasper, Ind. The office of the superintendent of poor at West Seneca, N. Y., was besieged by 500 men begging for food. Four men were taken to the county hospital suffering from starvation. The lower house of the Oklahoma legislature passed a measure prohibiting the smoking of cigarettes in the state. William S. Wood of the firm of Lloyd & Wood, one of the best-known lawyers on the Pacific coast, died at his home in San Francisco. Nine miners were killed by an explosion in the New Rivery colliery near Hawk's Nest, W. Va. Because he was angry with his wife, William Meutsch of Chicago killed one of his children and fatally shot the two others. Col. Burr Robbins, the old-time circus man, died in Chicago. King's court, one of the show places of Lakewood, N. J., a residence built some years ago by George Gould for his son, Kingdon, was destroyed by fire. The building was valued at $500,000. Liquidation of the State National bank of New Orleans was decided upon by a vote of the stockholders. This bank is nearly 100 years old. The superior court at Paris refused to grant an absolute divorce to Maud Gonne from her husband, Maj. McBride. The schooner Helen E. Taft of Thomaston, Me., was run down and sunk by an unknown steamer 16 miles southwest of Cape Lookout lightship off the coast of North Carolina. Pearl Harper was acquitted at Cadillac, Mich., on the charge of murdering her stepfather. Arthur W. Fergusson, secretary of the Philippine commission, died suddenly of heart disease in Manila. The Diamond Window Glass factory at Gas City, Ind., was destroyed by fire, resulting in a loss estimated at $100,000. The American torpedo boat flotilla sailed from Buenos Ayres for Punta Arenas. Dr. J. C. Brigham perished in a fire that destroyed eight stores and residences in Girard, Ga. E. G. Anderson, alderman. coal dealer and prominent citizen of Aberdeen, S. D., was arrested charged with being a receiver of stolen coal. Two financial institutions of New York city, one a national and the other a state bank, closed their doors The New Amsterdam National bank, capital $1,000,000, was taken in charge by the representative of the comptroller of the currency, and the Mechanics' and Traders' bank, a state institution, capital $2,000,000, announced the decision of the directors not to open. Both banks announced their ability to pay all depositors. The $100,000 estate of Capt. Hooker of Rochester, N. Y., who left a will bequeathing his property to Galesburg, III., will be distributed, the surrogate having denied probate to the will on the ground that Capt. Hooker was mentally incompetent. Peter F. Clark of Girard, III., pleaded guilty to the charge of murdering Mrs. Ollie Gibson on a trolley car near Virden March 25, 1907, and was sentenced to serve 40 years in the penitentiary. In Lublin, Russian Poland, the police unearthed a band of robbers composed entirely of women and the leaders have been taken into custody. The Coburn warehouses in Indianap olis were burned, the loss being

16. February 6, 1908 The Dakota Chief Gann Valley, SD
Article from The Dakota Chief, February 6, 1908

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New Orleans Bank Quits. Liquidation of the State National bank of New Orleans, La., was decided on by a vote of the stockholders. This bank is nearly 100 years old. Following the resignation of President William Adler several weeks ago and a receivership for a large grocery firm of which he was head, the State National bank has suffered heavy withdrawals.

17. February 6, 1908 The Brandon News Brandon, MS
Article from The Brandon News, February 6, 1908

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New Orleans.-Liquidation of the State National Bank of New Orleans, was decided upon by a vote of the stockholders. This bank is nearly one hundred years old. Following the resignation of President William Adler several weeks ago, and a receivership for a large grocery firm of which he was head, the State National Bank has suffered heavy withdrawals of money. Six liquidators were elected and immediately put in charge of the bank.

18. February 15, 1908 The Colfax Chronicle Colfax, LA
Article from The Colfax Chronicle, February 15, 1908

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Bank Will Liquidate. Liquidation of t he State National Bank of New Orleans was decided upon by a vote of the stockholders. This bank is nearly 100 years old. Following the resignation of President William Adler several weeks ago and a receivership for a large grocery firm of which he was head, the State National Bank suffered heavy withdrawals of money.

19. November 2, 1908 The Montgomery Advertiser Montgomery, AL
Article from The Montgomery Advertiser, November 2, 1908

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ADLER COMING BACK. Reports Have It That He Will Return To Face Trial. New Orleans, La., Nov. 1.-Attorneys for William A. Adler, former president of the defunct State National Bank of New Orleans, today gave out a statement confirming the reports that AdIer was coming back from Honduras to stand trial on indictments against him in the United States Court. Adler suddenly left New Orleans last year on the steamer Alps, which he loaded with a full cargo of supplies from Adler Wholesale Grocery Company. Almost immediately after his departure the grocery company went into the hands of a receiver with a long list of New York creditors, and this was soon followed by the liquidation of the State National Bank. In his flight to Honduras the steamer Alps was wrecked off the coast of Honduras, but Adler and his son got ashore with a small iron safe. An examination of the affairs of the bank by a United States inspector resulted in indictments against Adler for 11legal conduct in administering the loans of the bank.

20. November 2, 1908 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, November 2, 1908

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ADLER WILL COME BACK FOR TRIAL New Orleans, November 1.-Attorneys for William A. Adler, former president of the defunct State National bank of New Orleans. today gave out a statement confirming the reports that Adler was coming back from Honduras to stand trial on an indictment against him in the United States court. Adler suddenly left New Orleans last year on the steamer Alps, which he loaded with a full cargo of supplies from the Adler Wholesale Grocery company. Almost immediately after his departure the grocery company went into the hands of a receiver with a long list of New York creditors. and this was soon followed by the liquidation of the State National bank. In his flight to Honduras the steamer Alps was wrecked off the coast oz Hoyduras. but Adler and his son got ashore with a small iron safe. An examination of the affairs of the bank by United States inspector resulted in indlet. ments against Adler for illegal conduct in administering the loans of the bank