Bank of Commerce - New Orleans, LA

Bank Information

Episode Type: Suspension → Reopening
Bank Type: state
Start Date: June 7, 1862
Location: New Orleans, Louisiana (29.955, -90.075)

Metadata

Model: gpt-5-mini
Short Digest: a56e74780dd54462

Response Measures

None

Description

Article (Ashtabula Weekly Telegraph, 1862-06-07) explicitly states the Bank of Commerce at New Orleans has 'resumption of specie payment' and 'refusal to receive Confederate notes', indicating the bank resumed specie payments after a prior suspension of specie payments. The article does not describe a depositor run or give details on the suspension date or cause, so I classify this as a suspension (of specie payments) followed by reopening/resumption. Limited evidence in the text prevents dating the original suspension or identifying its cause.

Events (1)

1. June 7, 1862 Reopening

Newspaper Excerpt: A SIGN.-Among the signs of the times is the resumption of specie payment by the Bank of Commerce, at New Orleans, and its refusal to receive Confederate notes.
Source: newspapers

Newspaper Articles (1)

1. June 7, 1862 Ashtabula Weekly Telegraph Ashtabula, OH

Article from Ashtabula Weekly Telegraph, June 7, 1862

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Article Text

A Merited Rebuke. Here is an amusing anecdote of how a violent secessionist at the Tennessee capital got a rebuke from Gen. merited Dumont. A fumous physician's female household deported themselves 80 rudely to our soldiers once or twice actually spitting in their faces, that the General ordered the house to be put under guard, with orders to let no one pass in or out. The who was in the Doctor, the finding country his at time, was greatly incensed on access to his own home debarred by a guard of soldiery on his return, and forthwith went to headquarters, boiling over with rage. On stating the facts, the General calmly replied that he was not aware of giving any order to put the complainant's house under guard. Insisting that the fact was so, he pointed to his residence, which was in sight and near at hand, as evidence for the could be plainly seen. "Is that residence?" inquired your guard the General blandly. "To be sure "Why, I took it for granted from the conduct of its female occupants, that it abode of shameless courtezans, and I ordered a to be prewas an guard placed around it to vent the visitation of our soldiery." ELECTED SENATOR-GOV. Sprague, of Rhode Island, has been elected United States Senator for six years. He has made a splendid Governhas himself a good soldier and a true and will no new or, patriot, proved doubt, honor the office to which he has been chosen. Currency is in a wretched condition in New Orleans. Confed crate notes being suppressed, thereis little except shinplasters afloat. Some of the banks have ordered depositors of Confederates notes to withdraw them. Nobody will take them, law or no law, if they can get anyelse. The City Government helping its credit in along thing by issuing place of the is private notes of several large houses; but still there is extreme distress for want of circulating medium that will go without enormous discount. REBEL papers are getting anxious about the in the South. Letters say crops likely be the lost wheat for crop in Northern Texas is to lack of Larvesters, and there is a cry for gangs of slaves to be sent from the Cotton States to do the work. In Georgia the rust has made its and damage is apprehended. appearance, great well, are not sure that they are to quite Arkansas promises but be the reapors? rebels Perhaps Gen. Halleck may put in a sickle. THE report th Gen. BURNSIDE had occupied Raleigh was premature. S THE Rebels have once more tortured the h friends of Col. CORCORAN, by failing to fulfill a promise to exchange him. Col. Hanson Kentucky was sent by flag of truce to be exf changed for the brave commander of the 69th, 1 but Gen. Huger did not keep his word. Col. Hanson was indignaut at the deception. e BEAUREGARD has spoken from Shiloh Iiis il effort is to show his defeat in the light of a victory, but he makes a bad job of it. Among his heaviest losses he admits that the Commander-in-Chief, Gen. A. Sidney Johnston, the f IIon. Geo. M. Johnston (Rebel Provisional e Governor of Kentucky}. Brig.-Gen. Gladden, and n Brig.-Gen. Hindman, were killed or died from g wounds; Maj.-Gen. Cheatham, Brig. Ge Clark, Brig. Gen Johnson and Brig.-Gen. Bowen were wounded; 1,728 men were killed on the field, 8,012 were wounded ; and 959 are missing is -total loss, 10,699. THAT staunch Union Congressman, the IIon of J. C. Bouligny of New-Orleans, has arrived at k Washington, and been tendered a serenade, but declined on account of his health. He is d the bearer of dispatches from Gen. Butler. h Good.--The gallent SIGEL has taken the e commadn at Harper's Ferry. We rejoice to see bim in just that position. The rebels 0 may be sure that he will "make trouble. S]. THE British steamship Stetten, of London, ha reached N. Y. as a prize. She is an iron pro peller of 800 tuns burden, and 1,000 horse-pow e d er, and is but six months old. She is valued a $500,000. The Stetten attempted to run the n. blockade off Charleston with brandy, wines e salpeter, and other luxuries. d A SIGN.-Among the sigus of the times S. the resumption of specie payment by the Baul in of Commerce, at New Orleans, and its refusa ir to receive Confederate notes. "It moves." d Major-General Dix has gone to Fortress Mon el roe to take command of the Department of Vir be rs ginia, and Major-General Wool, report says, to command at Baltimore. so Mark This. ed