American National Bank (New Orleans, LA)

Episode Information

Episode UID
397801124
Episode Type
Suspension โ†’ Reopening
Bank Type
national
Bank ID
39780 national
Charter Number
3978
Start Date
August 18, 1893
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
2f68ce7c74d9bee5

Response Measures

None

Receivership Details

Depositor recovery rate
23.1%
Date receivership started
1896-09-10
Date receivership terminated
1902-08-12
OCC cause of failure
Fraud
Share of assets assessed as good
28.2%
Share of assets assessed as doubtful
7.4%
Share of assets assessed as worthless
64.4%

Events (5)

1. February 14, 1889 Chartered
Source
historical_nic
2. August 18, 1893 Suspension
Cause
Macro News
Cause Details
Citywide banking panic (1893) prompted clearing-house banks to limit daily cash payments to $50 to prevent drain.
Newspaper Excerpt
THE New Orleans banks have adopted a heroic remedy ... will not issue to any one depositor more than $50 each day, in cash.
Source
newspapers
3. September 15, 1893 Other
Newspaper Excerpt
The New Orleans banks expect to resume full payment very soon.
Source
newspapers
4. September 15, 1893 Reopening
Newspaper Excerpt
The New Orleans banks expect to resume full payment very soon.
Source
newspapers
5. September 10, 1896 Receivership
Source
historical_nic

Newspaper Articles (2)

Article from The Lake Charles Echo, August 18, 1893

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Article Text

THE New Orleans banks have adopted a heroic remedy in reference to the annual panic now on hand. They will not issue to any one depositor more than $50 each day, in cash. For BOIDS in excess of that amount they issue certfied checks which will be received on deposit by all the clearing house banks. This plan was adopted in 1873 and its effect is to prevent a drain OD the banks through any sudden scare, and also to put a stop to the drain OD them through currency being shipped away and lost sight of. In the last two or three weeks several million dollars have been drawn out and hidden away, and the above plan is sure to put a stop to it.


Article from The Pascagoula Democrat-Star, September 15, 1893

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Article Text

Editorial and Otherwise. It will take 80,000,000 to move the cotton this fall. Grover Cleveland seems to be boss of the situation. "Silver lining" has gotten to be an obsolete expression. Hon. Hamilton Fish, ex-Secretary of State under grant. is dead. Many fond parent does not get to sleep until after the bawl is over. In all countries more marriages take place in June than in any other month. Some people are like poor umbrellas. They keep out the sunshine and let in the rain. The President only had tooth pulled and tion. it was magnified into a great surgical operaThe Democracy may be lacking in "sand" just now. but the people are all "out for the dust," and will have it. The Salt sea. which once covered the Yuma desert. was the home of oysters from 14 to 20 inches in diameter. Every man in Congress has scheme for increasing the circulating medium, except those who would contract it. The Clarion-Ledger suggests a "teachers' excursion" to the World.s Fair, to take place about the middle of October. The Constitution of the United States says Congress shall have power to coin money. regulate the value thereof.ete. A cow in Adrian county. Missouri, which lately lest her calf. has adopted and tenderly cares for small pig. said. The woman of the world is: queen matters little where you find her. If she It be mistress of herself. she is a ruler of men A newspaper in the Lone Star State speaks of "lady negro dentist." Civilization beyour the Rio Grandeis paralyzingly rapid. The Boston Herald thinks that the most "pressing need" nowadays is omething that ators. will squeeze the wind out of the financial Anniston. Ala., commenced shipping iron to Derby, England, by a regular New pig Orleans week. line of steamers the first part of the J.C. Riette, of Jackson. proposes to publish the military annals of the State. He calls rosters. on Confederate captains for records and Says the philosopher of the Summerville, Ga., News "Don't forget that while you are hustling round after dollars the devil is hustling around after you. The island where Robinson Crusoe monarch of all he surveyed is now inhabited was by about 60 people. who attend the herds of cattle that graze there. h. The outlook in New Orleans and in all cities in the cotton States is rapidly improving. The New Orleans banks expect to re sume full payment very soon. A seventeen-year-old boy at Holly Springs whe plead guilty to assaulting a five-yearg old for girl, was sentenced to the penitentiary ten years by Judge Johnson. le. that The police of Atlantic City have decided cigar the nickel-in-the-shut-machine run stores and saloons are gambling ar- by rangements and are raiding them. and While SO many women are devoting time it thought to woman's rights and woman's wrongs. some of them are forgetting that favorite old study of woman's duty. William B. Hornblower, of New York. said. will be appointed to fill the S. Supreme Bench, caused the the late Samuel death the The U. of report Blatchford, vacancy on by that girl curling her hair South Chicago, started the recent has been disproved and the , tion riety there secured conflagra- noto by Mrs. O 'Leary's cow has not been divided. A button which, it is asserted, was cut S, brave the coat of Stonewall Jackson when from the soldier fell mortally wounded Chancellorsville, Miss is in the possession of Bockius, of Richmond, Va. The Greenville Democrat says that the sidering itor of the Eupora Progress is seriously lication the matter of discontinuing trying of the paper for glory and playing poker for a living. 1 John Senator C. David B. Hill and Representative Black have both ot., the Federal elections law. of this country home giv repeal thought people the introduced rule. and bills t It repeal. to there will be no serious oppositio and billthe The Bland total cotnage of silver dollars tal act of 1878 way 389,933,374. unde S by known as the Sherman the act. act of July 14. 189 29,455,606. coinage under has amounted The in There are 59,178,000 silver dollar circulation. P. ly Mistletoe grows more luxurlantly In swamps where of Arkansas. perhaps, tl on part railroad in the the of else Gould in the country. A lady northeaster than travelli an mistletoe that State, counted fifteen clumps on single oak tree. NEVER HAPPY. When the sun is heatin'. Makes us sweat and When the rain comes beatin'. from Thin we're goin' to drown Ain't no use in tryin' Folks down here to THE Foamin' when they 're please fryin' An' fussin' when they freeze attention A lawsuit which is attracting consideral Peek in Chattanooga is that HS. against the Knoxville of W. was killed by cold all ning was road is responsible, claims Peck's the wife attracted lightning. and Southern s the erus is of by its telegraph one the queerest suits ever filed. L. the The scarcity Lake Charles Commercial T. of money has not reports lumber industries in that full and rice mills are All t business time, shingle section. affected running and their hands are deal regularly every month. receiving th รจ building is in earnings of progress. Besides sissippi Prof. Blenett Lee, a graduate of Miss.. and Agricultural College. of Starkvi Law also graduate of the ber of School, has just been elected Harva faculty of the me mild. son of Law School. of Chicago. versity the the Northwestern Prof. L the Lee, distinguished Gen. College. president of Mississippi Agricultu Stephen TY of the around Senator my Voorhees "I appeal body to th