6797. New Orleans National Bank (New Orleans, LA)

View Charter #1778 on SPMC

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1778
Charter Number
1778
Start Date
October 1, 1883*
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gpt-5-mini
Short Digest
af8c4899c1922038

Response Measures

None

Description

Articles report that the bank's use of the U.S. mail was blocked by an order of the Postmaster-General (postmaster instructed not to deliver registered letters or pay money orders to the bank), and an insurance statement notes a deposit in the New Orleans National Bank was 'suspended.' No article mentions depositor runs. The articles do not report a reopening; because the bank is described as suspended and no reopening is reported in the provided items, I classify as suspension_closure. There is no explicit mention of a receiver in the provided excerpts; that detail is not in the texts.

Events (4)
1. January 30, 1871 Chartered
Source
historical_nic
2. October 1, 1883* Suspension
Cause
Government Action
Cause Details
Postmaster-General ordered New Orleans postmaster not to deliver registered letters or pay money orders to the bank, cutting off use of U.S. mail for the bank's business.
Newspaper Excerpt
The Postmaster-general has issued another order to the postmaster at New Orleans instructing him not to deliver registered letters or pay money orders to that bank. The effect of this last order is to suspend business of every description through registered letters and money orders to that bank.
Source
newspapers
3. December 31, 1883 Suspension
Cause
Government Action
Cause Details
Accounting statement (as of 1883-12-31) records a deposit in New Orleans National Bank as 'suspended,' consistent with the earlier Postmaster-General restriction that interfered with the bank's business.
Newspaper Excerpt
Estimated value deposit in New Orleans National Bank suspended, 2 per cent. on $255,983.94, on which 60 per cent. has already been paid
Source
newspapers
4. July 15, 1919 Voluntary Liquidation
Source
historical_nic

Newspaper Articles (3)
1. October 29, 1883 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, October 29, 1883

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Article Text

lottery was directed to the New Orleans National Bank to its credit. Thereupon recently the Postmaster-general has issued another order to the postmaster at New Orleans instructing him not to deliver registered letters or pay money orders to that bank. The effect of this last order is to suspend business of every description through registered letters and money orders to that bank. There is no discrimination as to the kind of business, whether it is a merchant's draft for collection, a mortgage to secure a loan, or any other of the multitudinous documents and paper passing into or through the bank in the thousand and one of its commercial transactions. It destroys the right of use by the bank of the United States mail, and arrests the business of its customers and patrons passing through it, however innocent and meritorious their business may be. Whether the power which the Postmastergeneral has exercised as to the lottery company is legal or not, it seems to me entirely unwarranted and impolitic as to the bank."

2. April 2, 1884 The Clarion Jackson, MS
Article from The Clarion, April 2, 1884

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Article Text

Insurance Association Of New Orleans, Louisiana, ON THE 31ST DAY OF DECEMBER, 1883. The name of the Company is NEW ORLEANS INSURANCE ASSOCIATION. The locality of the Company is 3½ Carondelet street, New Orleans, Louisiana. The amount of its Capital Stock is 300,000 00 The amount of its Capital Stock paid up is 300,000 06 THE ASSETS OF THE COMPANY ARE AS FOLLOWS: Cash on hand and in the hands of agents or other persons $ 108,855 18 Real estate unincumbered 1,500 Ot. Bonds owned by the Company and how they are secured with the rate of interest thereon, as follows: 200,000 United States registered bonds, 3 per cent $ 202,000 00 70,000 United States coupon bonds, 4 per cent 87,500 00 10 shares, $100 each, Germania Insurance Company stock, 10 per cent 1,200 06 15 shares, $100 each, Harber Protection Company 1,500 00 1 share, $50, New Harber Protection 50 00 Company 120 shares, $100 each, Shakespeare Gold 1,200 00 and Silver Mining Company These last stocks bear no fixed rate of interest. DEBTS TO THE COMPANY SECURED BY MORTGAGE. Loans secured by first mortgage on several sugar plantations, and on improved real estate in the city of New Orleans, valued at $157,500 $ 47,601 86 DEBTS OTHERWISE SECURED. Loans secured by second mortgage on two sugar plantations in the State of Louisiana, valued at $70,000 $ 16,204 34 DEBTS FOR PREMIUMS. Bills receivable for premiums $ 183 32 Premiums in course of collection 54,102 37 ALL OTHER SECURITIES. Bills receivable. $ 3,185 00 Estimated value deposit in New Orleans National Bank suspended, 2 per cent. on $255,983.94, on which 60 per cent. has already been paid 5,119 68 Office furniture and fixtures, all new 2,500 00 $ 532,701 75 LIABILITIES. Losses adjusted and not due $ 5,500 0, Losses unadjusted 10,000 0, Losses in suspense waiting for further proof. 4,500 00 All other claims against the company, unpaid dividends 2,125 50 Amount required to safely reinsure unexpired risks 158,474 00 The risk greatest amount insured in any one $ 10,000 00 The greatest amount allowed to be insured in any one block 30,000 00 Copy of Act of Incorporation has already been furnished. I Copy of Certificate of Deposit of the State Treasu-

3. April 9, 1884 The Clarion Jackson, MS
Article from The Clarion, April 9, 1884

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Article Text

NEW ORLEANS Insurance Association Of New Orleans, Louisiana. ON THE 34ST DAY OF DECEMBER, 1883. The name of the Company is NEW ORLEANS IN. SURANCE ASSOCIATION. The locality of the Company is 3½ Carondelet street, New Orleans, Louisiana. The amount of its Capital Stock is $ 300,000 0 The amount of its Capital Stock paid 300,000 OF up is THE ASSETS OF THE COMPANY ARE AS FOLLOWS Cash on hand and in the hands of agents 108,855 18 or other persons Real estate unineumbered 1,500 00 Bonds owned by the Company and how they are secured with the rate of interest thereon, as follows: 200,000 United States registered bonds, 3 $ 202,000 00 per cent 70,000 United States coupon bonds, 4 per cent 87,500 OC 10 shares, $100 each, Germania Insurance Company stock, 10 per cent 1,200 00 15 shares, $100 each, Harber Protection Company 1,500 00 1 share, $50, New Harber Protection 50 00 Company 120 shares, $100 each Shakespeare Gold 1,200 and Silver Mining Company These last stocks bear no fixed rate of interest. DEBTS TO THE COMPANY SECURED BY MORTGAGE. Loans secured by first mortgage on several sugar plantations, and on improved real estate in the city of New Orleans, valued at $157,500 $ 47,601 86 DEBTS OTHERWISE SECURED. Loans secured by second mortgage on two sugar plantations in the State of Louisiana, valued at $70,000 6 16,204 34 DEBTS FOR PREMIUMS. $ 183 3: Bills receivable for premiums Premiums in course of collection 54,102 3: ALL OTHER SECURITIES. Bills receivable. 8 3,185 04 Estimated value deposit in New Orleans National Bank suspended, 2 per cent. on $255,983.94, on which 60 per cent. has already been paid 5,119 6t 9.500 (if Office furniture and fixtures, all new