State National Bank (New Orleans, LA)

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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.

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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.

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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.

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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.

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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.

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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.

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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,

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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.

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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.

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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.

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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.

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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.

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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.

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Bank To Be Liquidated

New Orleans, January 30-Liquidation of the State National bank of New Orleans was decided upon today by a vote of the stockholders. This bank is nearly 100 years old. Following the resignation of President Wliliam 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. They are: John H. Fulton, Charles Janvier, Charles Godchaux, Warren Kearney, Louis Kohlman and Charles A. Morgan.

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N. 0. INSTITUTION WILL LIQUIDATE. Stockholders of State National Bank So Decide. New Orleans, Jan. 30.-Liquidation of the State National Bank of New Orleans was decided upon today by a vote of the stockholders. The 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 the head, the State National Bank has suffered heavy withdrawals of money. Six liquidators were elected and immediately put in charge of the bank. They are: John R. Fulton, Charles Janvier, Charles Codchaux, Warren Kearney, Louis Kohlman and Charles A. Morgan.

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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.

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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.

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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.

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William Adler, the absconding pres. ident of the State National Bank of New Orleans, voluntarily returned from Honduras last Monday and gave bond of $10,000 to answer indictments for misuse of the funds of that institution which caused its suspension. The fugitive was given a cordial welcome by his relatives and friends, and they all seem to share his feeling expres sion of confidence that he will be able to clear his skirts of any wrong doing It is claimed that he has established a profitable mercantile business in Hou duras and that his mining properties in that country are very valuable and productive.