Accommodated withdrawals, Public signal of financial health, Books examined
Description
Series of articles (Dec 1907–Feb 1908) report resignation of President William Adler, heavy withdrawals from the State National Bank following revelations about Adler and his grocery firm, and a later stockholders' vote (Jan 30, 1908) to liquidate with six liquidators appointed. Sequence: depositor withdrawals (run) then decision to liquidate and bank closed—fits run → suspension/closure. Cause of run linked to bank-specific adverse information (resignation, receivership of Adler's firm, later indictments).
Events (5)
1.January 20, 1871Chartered
Source
historical_nic
2.December 27, 1907Run
Cause
Bank Specific Adverse Info
Cause Details
Resignation of President William Adler and the receivership/trouble of his wholesale grocery firm sparked heavy withdrawals.
Newspaper Excerpt
Following his resignation... the State National Bank has suffered heavy withdrawals of money.
Source
newspapers
3.January 30, 1908Suspension
Cause
Voluntary Liquidation
Cause Details
Stockholders voted to liquidate the bank after heavy withdrawals following Adler's resignation and related business failures.
Newspaper Excerpt
Liquidation of the State National Bank of New Orleans was decided upon by a vote of the stockholders. ... Six liquidators were elected and immediately put in charge of the bank.
Source
newspapers
4.January 30, 1908Voluntary Liquidation
Source
historical_nic
5.November 1, 1908Other
Newspaper Excerpt
An examination of the affairs of the bank by a United States inspector resulted in indictments against Adler for illegal conduct in administering the loans of the bank.; Adler was coming back from Honduras to stand trial on indictments against him in the United States Court.
Source
newspapers
Newspaper Articles (21)
1.December 27, 1907The Montgomery AdvertiserMontgomery, AL
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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.
2.December 27, 1907The News-DemocratProvidence, RI
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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.
3.December 28, 1907The Washington HeraldWashington, DC
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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.
4.December 30, 1907The Montgomery AdvertiserMontgomery, AL
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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.
5.December 30, 1907The Birmingham Age-HeraldBirmingham, AL
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LUCK DEALS ADLER A BOB TAIL FLUSH New Orleans Banker Is Shipwreck Refugee LONG LIST OF MISHAPS Almost Unparalleled Misfortunes Crowd Upon Adler in the Course of a Single Week-The Alps Is Lost. New Orleans, December 29.-Almost unparalleled misfortunes has been heaped in the short space of one week upon William Adler, one of New Orlean'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' 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, addes the last straw when by the merest slip of chance the insurance policy on the ship load 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 opportunity 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 after the steamer sailed. The Alps lies on Glovers reef, scarcely 50 miles from the port she was making for, Pureto Cortez, Honduras. W. E. Lawrence was today appointed manager of the wholesale grocery firm of A. Adler & Company with instructions to put the business on its feet if possible. Eastern creditors are heavily interested in the Alder firm.
6.December 30, 1907The Times DispatchRichmond, VA
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SAD LIST OF MISFORTUNES William Adler LOACH Hin Fortune Through Many Mishapm. NEW ORLEANS. LA., December 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 to-day that Mr. Adler is a shipwreck refugee at Belize, British Honduras, added several new misfortunes to a record already long. One week ago to-night Mr. Adler's resignation as president of the State National Bank shook New Orleans' financial circls. 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 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 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. Misfortune has also dealt a blow at one of Mr. Adler's closest friends, Moses Schwartz. a promment New Orleans merchant, who was with Mr. Adler-on the Alps. and whose foundry here went into receivership shortly after the steamer salled. The Alps lies on Glover's Resf. scarcely fifty miles from the port she was making for, Puerto Córtez. Honduras. W. E. Lawrence was to-day 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.
7.December 30, 1907The Topeka State JournalTopeka, KS
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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.
8.December 30, 1907New-York TribuneNew York, NY
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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.
9.December 31, 1907Bryan Morning EagleBryan, TX
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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.
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, 1908The Rice Belt JournalWelsh, LA
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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, 1908Tensas GazetteSaint Joseph, LA
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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, 1908The Montgomery AdvertiserMontgomery, AL
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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, 1908The Montgomery AdvertiserMontgomery, AL
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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 1, 1908The Sea Coast EchoBay Saint Louis, MS
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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.
16.February 6, 1908The Log Cabin DemocratConway, AR
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on Pottsville, Pa., from a carbuncle Pennsylhis head, was sent to the was vania hospital, where a germ has discovered for which medicine antidote. Young Halberstadt emino of a family containing two make nent was physicians, and they will or strong effort to find the drug As a which will kill this germ. for serum is now, there is no remedy it blood-poison caused by a carbuncle stage, when it has reached a certain they declare. Wilkes, a 17-year-old boy by Steve arrested at Florence, Ala., act Policeman was Wesson while in the Nashof robbing the Louisville and had ville freight depot. Wilkes enthe seal on the door and under broken when he was placed had tered arrest. Robberies at the depot of frequent occurence lately, the been and the police believe Wilkes is perpetrator of them all. Word has been received by a that detective agency at New York had Mecican government finally Amerithe to turn over to the for consented authorities extradition absconding Wilcan F. Walker the New liam treasurer of the Saving Bank of reBritian, Conn., who was arrested after a cently in lower California, chase of nine months. Gov. Hoke Smith has issued that a statement announcing not be a States senate to formal he would United candidate succeed for the Senator A. S. Clay. His statement run also declared that he would in second term for governor he order for a to finish the work which pledged in his platform. With intnce fervor, in Eden Methodist church at Philadelphia, Pa., Sunday, Robert Adams, 74 years the raised his voice high above old, men ginging the well-known to younger hymn, "I'm On My Way sounded As the last note and he Heaven." fell backward in his chair died instantly. money scare had a depress- and The effect on the price of wheat marother ing cereals, and the live stock of as well, but the conditions the ket crops abroad indicate a steady the demand for our grain during and prices will doubtless the reyear, hold well throughout houses at Guthria, Stewart's bill season. passed cover Both and regulating companies, Okla., the telegraph and telephone telewhich provides "Jim Crow" and a phone booths for negroes $50 fine for each offence of cursing or using other improper language in telephoning. Under the Jim Crow law, the first legpassed by the Oklahoma lature, act the railroads of Oklanoma will have to arrange for separate compartments in their passenger this trains and union depots between date and February 1. John C. Scott and his associates land have bought 6,000 acres of be I Enid, Okla., which will all planted near with peanuts next season. on ' The average yield of peanuts good land is about 100 bushels per a acre. While opening a can of fermented WatMrs. George Hoover of was is erloo, syrup, Ia., frightfully injured It by the explosion of the can. feared her eyesight will be destroyed. I Liquidation of the State National I of New Orleans was decided 1 Bank by a vote of the stockholders. hundred 1 This upon bank is nearly one years old. v Prune growers of San Jose, Cal., have formed a trust and are holding The v their crop for higher prices. in e product of 600 acres is included the trust. t b Another revolution has broken out n Latin America, this time in Honduras, in according to information received by the state department Mon-
17.February 6, 1908The Dakota ChiefGann Valley, SD
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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.
18.February 6, 1908The Brandon NewsBrandon, MS
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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.
19.February 15, 1908The Colfax ChronicleColfax, LA
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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.
20.November 2, 1908The Montgomery AdvertiserMontgomery, AL
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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.
21.November 2, 1908The Birmingham Age-HeraldBirmingham, AL
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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
