Article Text
Bank Suspended. NEW ORLEANS, December 1.-The Bank of America has suspended. The Board of Directors have resolved to cease active operations and to put the bank into liquidation at once.
7547. Bank of America (New Orleans, LA)
Bank Information
- Episode Type
- Run → Suspension → Closure
- Bank Type
- state
- Start Date
- November 30, 1875
- Location
- New Orleans, Louisiana (29.955, -90.075)
Metadata
- Model
- gpt-5-mini
- Short Digest
5a8769c9
Response Measures
Full suspension
Description
Newspapers report a steady run on the Bank of America before it suspended on Dec 1, 1875, when directors resolved to cease active operations and put the bank into liquidation. Later court/bankruptcy/auction proceedings in April 1876 confirm permanent closure and asset liquidation. The charter type isn't specified in these articles, so bank_type set to unknown.
Events (3)
1.
November 30, 1875
Run
- Cause
- Bank Specific Adverse Info
- Cause Details
- Deposits had shrunk and much capital was locked up in real estate, leaving little available for business; steady withdrawals preceded suspension.
- Newspaper Excerpt
- in a quiet way there has been a steady run on the bank for several days past
- Source
- newspapers
2.
December 1, 1875
Suspension
- Cause
- Bank Specific Adverse Info
- Cause Details
- Directors suspended operations and decided to wind up because assets were weak, deposits had shrunk, and much capital tied in real estate.
- Newspaper Excerpt
- The Bank of America has suspended. The Board of Directors have resolved to cease active operations and to put the bank into liquidation at once.
- Source
- newspapers
3.
April 27, 1876
Receivership
- Newspaper Excerpt
- IN THE MATTER OF THE BANKRUPTCY OF THE BANK OF AMERICA ... AUCTION THURSDAY Apr 27 1876 ... will be sold at public auction ... under the order of court from the Hon. E. C. Billings judge of the United States District Court for the district of Louisiana dated March 25 1876 and rendered the above entitled matter . . . the banking House of the Bank of America ... will be sold under the order of court from incumbrance whatsoever, excepting those mentioned . . . . (auction notices April 1876).
- Source
- newspapers
Newspaper Articles (16)
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Bank Suspension. NEW ORLEANS, December 1.-The The Bank of America has suspended. board of directors resolved to cease active operations and put the bank into liquidation at once.
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NEWS OF THE DAY. "To show the very age and body of the Times." The Prince of Wales hasarrived at Colombo, Ceylon. Two slight shocks of earthquake were felt at Keene, N. H., yesterday morning. The fourth annual Convention of Breeders of Short Horn Cattle assembled at Toronto yesterday. The Bank of America, of New Orleans, has suspended. The Board of Directors will put the bank into liquidation at once. Senator Logan, of Illinois, was yesterday reported to be somewhat improved in health. His position is, however, a critical one yet. Intelligence received in London from Toledo, Spain, states that the authorities had closed the Protestant Church there and expelled the pastor and schoolmaster. The Moody and Sankey meetings in Philadelphia for the past two mornings have been slimly attended, because the building is im properly heated. The grand jury of the Court of General Sessious, at New York, have made a presentment calling for the suppression of pool-selling on horse races, regattas, elections, &c. A large number of additional dismissals were ordered yesterday in the clerical force of the Interior Department, and about thirty others had their salaries reduced. The irou-clads at League Island, Philadelphin, ready for sea will leave to-day in tow of the vessels which are to accompany them to Norfolk. The fleet will cousist of nine or ten vessels. The number of arrests in Baltimore in November were 2,429, ao increase of 216 over the preceding month. During November there were 3,546 lodgers accommodated at the several police stations. At a meeting in Chicago yesterday of the Graugers' National Committee of Independence it was proposed to take the necessary steps for the nomination of an independent candidate for the Presidency. In compliance with instructions from Washington, the collector of the port of Boston has abolished the offices of twenty-six employees, whose annual pay amounts to $33,830, and other reductions are made amounting in the aggregate to $80,000. According to the report of the Superintendent of Public Printing, the total cost of the printing. binding, lithographing, etc., done for the Government during the year ending September 30, was $1,560,425, exclusive of $88,959 for the Congressional Record. The trial of the brothers, Wainwright, which has been in progress for more than a week in the Central Criminal Court of London, for the murder of Harriet Lane in 1874, was brought to a close yesterday by the jury rendering a verdict of guilty and the sentence of Henry to t death and Thomas to penal servitude. f The Calvert Sugar Refinery of Baltimore, the cessation of operations in which followed the suspension of the house of Stirling, Ahrens & Co., was offered at public auction yesterday, and purchased by a committee on the part of the creditors for $197,500. The property originally cost $680.000.
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City Bonds were stagnant, with no change in quotations. New State Consols were reported in demand and active, but were quoted a shade lower at the close. The determination of the Board of Directors of the Bank of America to go into liquidation hardly took our financial circles by surprise. It was well known that there had been such a shrinkage in the deposits, and that 80 much of its capital was locked upin real estate, that there was little or nothing available left for business, and that under the circumstances it might at an early day be thought expedient to suspend active operations and wind up for the benefit of all concerned, rather than defer the period until the means of the institution should be still more reduced. It was hoped, however, by some of the old friends of the bank that ere the measure became inevitable, capitalists might come forward and add enough to its capital to enable it to go on with advantage to all parties interested. We regret that the hope was not realized. Unlike simılar results to some banking institutions in other cities, there cannot be charged in this case any official malfeasance. The reputation of the President and Cashier stands as high at the moment for integrity as any bank officers in the country, and no one will aver that both they and their associates have not devoted untiring industry and energy to the discharge of their official duties. We earnestly hope that both will soon find another field for their talents, in which they will prove m re fortunate. We continue to quote exceptional paper at 9@ 10 H cent per annum discount, A1 do at 12@-, and second grade at 15@18. First-class mortgages rule at 9@10 P cent per annum second grade are entirely nominal. Gold opened at @115%, against 1151/8 at New York, and after a limited business closed at 1151/4@115½, against 115 in that market. The sales were contined to $16,000, embracing $2000 at 1151/4, $2000, $3000 and $4000 at 1153/8, and $1000 and $4000 at 115½. No sales of Silver were reported. American half dollars were still quoted at 109@110, and Mexican dollars at 94½/2 for gold. Under the decline in Gold at New York and the falling off in New York sight ip this market, sterling was quoted 2c lower, equal to about 4-10 P cent, and francs ½ P cent. The movement was of fair extent. The sales of the former comprised £61,000, embracing £2000 bill of lading at 5.48, £9000 do and A1 clear at 5.48@5.48½, £12,000 bill of lading at 5.48½, £1500 do at 5.48%, £5000 do at 5.48@5.49, £17,000 do and A1 clear at 5 48½ @5.49, and £15,000 do and £5000 bill of lading at 5.49. The sales of francs comprised 400,000 commercial, embracing 150,000 at 4.61½, and 250,000 at 4.60@4.59% At the close sterling bills were quoted at 5.47½ @5.48½ for bill of lading and A1 clear, and nominal for bank (counter rate -@5.52%), and francs at 4.61 4@4.60 for commercial, and nominal for bank. The offerings of New York sight were of fair extent, but meeting with a moderate demand commercial fell off fully 1/8 P cent. The sales comprised $235,000, embracıng $10,000 commercial, $10,000 and $15,000 private bankers', and $125,000 do and bank at ½ P cent discount, $5000 commercial at 7-16, and $50,000 commercial and $20,: 000 private bankers' at 3/8. We also noticed a sale of $10,000 commercial on Providence at % # cent discount. The banks continued to check on New York at ½ B cent discount, while commercial sight was quoted at ½ against 3/₈@5-16 yesterday. The sales of Stocks included 10 shares Carrollton Railroad Company at $70, 20 Sun Insurance Company at $78 50, and 20 Factors' and Traders' Insurance Company at $87. City Bonds were quiet and uachanged, and New State Consuls ruled at yesterday's quotations nearly up to the close, when they were offered at 581/4, against 581/4@581/2 yesterday. No sales of the former were reported. The sales of the latter comprised $90,000, embracing $30,000 at 58, $10,000 and $10,000 at 58½, $10,000 and $10,000 at 58½, $5000 and $10,000 at 58%, and $5000 at 58% Metropolican Police Warrants are still held at 75@80. No transactions are reported.
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MONETARY and COMMERCIAL. MONETARY. NSW ORLEANS REPUBLICAN OFFICE, WEDNESDAY EVENING, December 1, 1875. The demand for discounts at the banks was moderate, and all approved offerings were readily accepted. On the street little or nothing was done in commercial psper. Cash gold receded under the decline in New York, but was still quoted above selling rates in that market. Foreign ex. change was lower and in fair supply. New York sight gave way under more liberal supplies and a limited demand. The stock market continued dull and uninteresting. only a few sales being reported. City bonds were stagnant, with ne change in quotations. New State consols were reported in demand and active, but were quoted a shade lower at the close. The determination of the board of directors of the Bank of America to go into liquidation. hardly took our financial circles by surprise. It was well known that there had been such a shrinkage in the deposits. and that 80 much of its capital was locked up in real estate, that there was little or nothing available left for business, and that under the circumstonces it might at as early day be thought expedient to suspend active operations, and wind up for the benefit of all concerned, rather than defer the period until the means of the institution should be still more reduced. it was hoped. bowever, by some of the old friends of the bank, that ere this measure became inevitable, capitalists might come forward and add enough to its capital to enable it to 20 on with advantage to all parties interested. We regret that the hope was not realized. Unlike similar results to some banking institutions in other cities, there can not be charged 10 this case any official malfeasance. The reputation of the president and cashier stands as high at the moment for integrity as that of any bank officer in the country, and no one will aver that both they and their associates have not de. voted untiring industry and energy to the discharge of their official duties. We earnestly hope that both will soon find another field for their talents in which they will prove more fortunate We continue to quote exceptional paper at 9@10 P cent P annum; Al do at 12@-, and second grade at 15@18. First class mortgages rule at 9 @10 ₱ cent P annum; second grade are entirely nominal.
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Though some of our citizens were, our financial circles were not surprised to hear yesterday that the Bank of America had gone into liquidation. For several months past the business of this bank has been comparatively small, and a large portion of its capital being in real estate, and consequently unavailable for business, a suspension of active operations has been looked forward to by those acquainted with its affairs as unavoid able, unless capitalists should come forward to its assistance. Such help was not forthcoming and the bank was compelled to go into liquidation. The President and officers have acted well their parts, and not the slightest charge of malfeasance or misfeasance in office is laid at their doors. From inquiry we are glad to learn that this misfortune which has befallen the Bank of America will not seriously involve any of our merchants or public institutions.
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NEW ORLFANS. NEW OBLEANS, Dec. 1.-Tho Bank of America has suspended. The Board of Directors has resolved to suspend active operations and put the bank luto liquidation at once.
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The Bank of America Sufferers. The numerous friends of that sterling organization, Mechanics' Fire Company No. 6, will regret to learn that its entire available fund, some $1400, is locked up in the Bank of America. This sum is the savings from picnics, balls and donations of friends, and its loss will prove very severe indeed; in fact, not enough being left in the treasury to pay the employee, feed bills, etc., for the past month. One of the hard working and industrious members of this company has his little all, some $600 of honest accumulations, tied up by the suspension. It is understood that the directors of the bank, in consultation with prominent finanoiers, had its affairs under consideration on Saturday evening, and decided that a suspension was inevitable, but notwithstanding this conclusion, deposits were received and exchange sold up to the moment the doors were closed to reopen no more.
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The Daily Sicrald OFFICIAL JOURNAI OF THE TTY and COUNTY of DALLAS DALLAS. TEXAS. ATURDAY MORNING DEC. 4 TELEGRAPHIC SUMMARY. Senator Logan isa little better, but i till in a critical condition. The thermometer stood at 24 degree elow zero at Montpeller, Vermont,or he first. A fast mail train has been put on be ween St. Louis and New York-tim hirty-six hours. A. E. Avery, of Louisville, Ken ucky, has been appointed chief clerl of the Treasury, vice Avery. The State Dental Society is holding tenth annual meeting at Clumbus The attendance is small. Munn, formerly Supervisor of th Southern District of Illinois has beer arrested for revenue frauds. The grand jury of New York, call or the suppression of pool selling 01 aces, regattas, elections, etc. The public debt statement shows : lecrease for the month of $480,078; coit the Treasury, $74,500,000; currency $12,000,000. A Hindoo employed on the Constan Spring estate, Kingston, Jamaica, be readed fiye of his children from re igious frenzy. W. B. Galbraith was re-elected Pres dent of the MemphisCotton Exchange peating his competitor, W. A. Good vin, twenty-four votes. The French Assembly has adopte the Electoral bill, attended to allov representation to all colonies, excep Cayenne and Senegal. The State Department has advice hat Avery, the American Minister 1 China, died at Pekin on the Sth day o November, but has no particulars. The recent reconstruction of th Spanish Cabinet implies the appoint went of General Jovellar to reliev General Valmaseda from the com mand in Cuba. John Mack, engineer on the Ohi and Mississippi railroad, was run ove and instantly killed while at work un fer his engine, Tuesday, at Moore' Hill station. The Bank of America, New Orlean has suspended. The board of director has resolved to cease active opera tions, and put the bank into liquide tion at once. J. M. Miiliken has declined the a1 pointment of State Treasure of Ohio vice Welch, deceased. The positio was then tendered by Goyernor Alle to the Hon. Allen T. Wicoff, who als declined. London disnatch savs that th
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THE SUSPENDED BANK OF AMERICA. NEW-ORLEANS, Dec. 2.-The official statement of the Bank of America, which suspended yesterday, shows assets to the amount of $619,000, and liabilities, $338,000. The liabilities include $188,000 due to depositors and $30,000 due the Importers' and Traders' National Bank of New-York. The assets are decidedly weak. It is estimated they will yield only from ten to twenty-five cents on the dollar.
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Signs of the Times. NEW YORK. DEC. 1.-The failure of John Thompson & Co., No. 441 Broadway and No 15 Mercer street, hair and fancy goods, is announced. NEW ORLEANS, LA., Dec. 1.-The Bank of America has suspended. The board of directors resolved to cease active operations, and put the bank into liquidation at once. BALTIMORE, MD. Dec. 1.-Stockholders of the Baltimore and Southeru Steam Transportation company have resolved to turn over the property to the directors for the benefit of the creditors. The indebtedness is said to be $120,000. Steamers will be run as usual. NEW YORK. Dec. 1.-B. &P. Lawrence, heavy stationers in Maiden lane, announce to their creditors their inability to continue their payments. They promise a prompt statement of their affairs when a meeting of creditors will be called.
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NEWS OF THE DAY. "To show the very age and body of the Times." A Council of the Spanish Cabinet has decided upon the formation of two new armies. At a late hour last night Mr. Chas. O'Conor was still living, but his condition was very low. Wm. R. Castle, of New York, has been appointed Kalakaua. Attorney General of Hawaii by King The newly appointed officers of the Spanish Cabinet took the oath of office, yesterday, before the King and entered upon their duties. Ninety-two thousand immigrants have arrived in this country since January 1. OF these 25,600 were Germans. The official statement of the Bank of America, which suspended in New Orleans on Wednesday. shows the assets to be $619,000; liabilities, $338,000. The Egyptian troops have occupied the Distriots of Juba and Kismayo, disarmed the Zanzibar forces there and hoisted the Turkish flag. The Board of Education of the Methodist Episcopal Church met in New York, yesterday, and elected officers for the ensuing year, Bishop James being chosen President. Collector Comly, of the Philadelphia Custom House, yesterday, discharged fourteen employees from that institution, and made a reduction of the salaries of all the minor officers. The Centennial Committee on Opening Ceremonies have selected Wm. M. Evarts as orator, and H. W. Longfellow as poet for the OCcasion. A graudson of Richard Henry Lee, of Virginia, will read the Declaration of Independence. A Reuter telegram, dated Khojend, says the Kiptschacks, alter their defeat at Namanghan, assembled on the left bank of the Syr Daria to the number of twenty thousand, and were there attacked by the Russians, who defeated them with great slaughter. The Pennsylvania Railway turns out to be the purchaser of the Pisiladelphia Navy Yard, which was sold, yesterday, for $1,000,000. President Scott has stated that it would be utilized as much as possible for railway purposes. The committee appointed by the Young Men's Christian Association of Baltimore to invite the presence of Messrs. Moody and Sankey for a series 01 religious meetings returned to that city, yesterday, after an unsuccessful negotiation with the great revivalists. Captain Waddell, of the Pacific Mail steamship City of San Francisco, and during the war Commander of the Confederate cruiser Shenandoah, has been compelled to resign his command, being threatened with arrest by the Honolulu authorities on account of his destruction of a Hawaiian vessel while in command of the Shenandoah. At the sale, yesterday, of the Shurtleff library, in Boston, a copy of the "Bay Psalm Book," said to be the first book printed in New England, was offered, when an injunction to prevent its sale was served by the deacons of the Old South Church, who claim that it is the property of that church, from which it, mysteriously disappeared. WEIGHT OF BRAIN.-It has been mentioned that Vice President Wilson's brain weighed 491 ounces, which is rather above the average weight, that being, in this country, probably about 44 or 45 ounces. Daniel Webster's brain has been meationed in a newspaper paragraph, published some years ago, as having been found to weigh 63 ounces; apparently an error, as Appleton's Cyclopedia (a very accurate work) gives the weight of Webster's and Napoleon's brains as "an ounce or two less' than the French surgeon Dupuytren's, which weighed 58 ounces. Cuvier, the great French naturalist, seems to have had the heaviest brain of any famous man; it weighed "between 59 and 60 ounces" according to Appleton's, and 631 ounces according to the newspaper paragraph above referred to. But what shall be thought of the avoirdupois test of intellectual greatoess when the fact appears that the brain of a London cartman was found to weigh more than Cuvier's ?-for that was 8 fact. Perhaps, if the brain determines intellectual power, it is the quality, not the quantity, and its union to the right temperament which indicate superiority.
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FINANCE AND TRADE. THE MONETARY POSITION yesterday can readily be summed up 29 & lesseasy supply of currency, consequently a diminished capital at the disposal of the borrower; plenty of exchange coming into the banks, and an ut.er ab.ence of any event that could be called news. The rates of exchange were firm and unchanged. The New Orleans Times, referring to the bank failure there, says: The event has not taken many persons by surprise; it Was expected. in a quiet way there has been a stea ly run on the bank forseveral days past The Bulletin states: The determination of the board of directors of the Bank of America to go into liquidation hardly took our financial circles by surprise. It was well known that there had been such a shrinkage in the deposits, and that 80 much of its capital was locked up in real estate, that there was little or nothing available left for business, and that under the circumstaness it might at an early day be thought expedient to suspend active operations and wind up for the benefit of all concerned, rather than defer the period until the means of the institution should be still more reduced." The Cincinnati Enquirer of Thursday has the following: "The rumors of a consolidation of two of our national banks, which have been rife for a day or two, have no foundation, and appear to have their origin in reminiscences of former years. A new national bank will be started here the first of January, 1876, with a capital of $300,000 or $350,000, of which William A. Goodman, now vicc-president of the Third national bank, is to be president, and H. B Bissell, of Andrews, Bissell & Co., will be cannier." The New York Herald of Wednesday says the rise in gold was owing, mainly, "to the too decided position assumed by the chief magistrate with ref. erence to the Cuban affair;" a position which was leading certain parties to lay up gold. Gold was lower yesterday, quoting at 1148@1141 in New York up to noon; brokers here were offering 113}@ 1131. The only incident that occurred on the share and scrip market, was a sale of $500 of Memphis gas company's stock at 96. Ruving Nellena
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COURT RECORD. TUESDAY, DECEMBER 14, 1875. United States Circuit Court. Present Hon. W. B. Woods, circuit judge. United States VS. E E. Norton et als.-In chancery. District Attorney Beckwith charges that A D Dieter, J.J. Goldstein. J. H Leovy and A. Descommes were partners in exporting cotton to Liverpool: that March 7 they shipped 1082 bales, which reached Liverpool May 10; that the tax was two and a half per cent: that they conveyed the cotton beyond the jurisdiction of the United States by means of a forged manifest with a pretended affidavit with the name of C. H Shute: than they obtained from Cesaire Fassy a manifest of staves, which they pasted over the forged manifest to conceal the name of Shute: that by this means the United States was defrauded of $11,807, and that the firm went into bankruptey, with E E. Norton as assignee. Prayer for injunecion against distribution of the estate till the claim of the United States is satisfied. United States VS. F.J. Herron Or mr tion of the district attorney the compre nise proposed was accepted, and the bond a surety for deputy revenue collector canceled. W.S. Petterkin VS. City of New Orleans. Motion to set aside seizure of city funds in Louisiana National Bank taken under advisement. C. Case, F. F. Case substituted, receiver of First National Bank. VA. E. F. Lavillebeuvre -Verdiet for $2500 United States vs Ferd.Dudenhefer.-Emhezzlement. True bill. Bail fixed at $15,000. Rosalie Maenhaut vs. city of New Orleans.-On trial. GRAND JURY. Twenty-two grand jurors reported, and were discharged till December 21. Owen Boutte, a delinquent grand juror, was fined $50. superior District Court. State PX rel. Louisiana Levee Company VS. Charles Clinton, State Auditor-Mandamus to issue a warrant for $13,000 for funds in the hands of the State Treasurer, to which relator is entitled, made peremptorv. Mayer Cohen VS. Bank of America.-Sequestration of tix funds depo-ited with defendant released on bond of $1000. Nicholas Connell vs. City of New Or leans.-Petitioner all ges that under a contract with the city of Carrollton he laid brick pavements on twenty one streets at $1 30 per running foot, and claims $19,762 29. Superior Criminal Court. State VS. George Morris. Murder of Sarah Jones November 30, at No. 256 St 1. Juis street. Accused pleaded guilty and was almost uncontrollable in his actions in court. Huga J. Campbell was appo nted counsel, and accused remanded to await further proceedings, no plea being recorded. Mrs. Cesaire, alias Mrs. George Washington. grand lareeny -Stealing $1500 May 12, 1875, from Mr E. Saurey, No. 452 Love street, where she was employed as nurse. On trial and jury out State VA. James Reid. assault and bat tery on P J Sullivan, police officer, No. vember 21, 875.-Verdier, not gunty. First District Court. PLEADED GUILTY. Albert Ford and Nick Mosquino, of assault and battery; Charles Smith. of petty larceny. INFORMATIONS. Assaultand battery-William Kane, alias Lotta. Entering. etc.-Miles Bird. Petty larceny-John Henry, alias Cone. NOLLE PROSEQUI ENTERED. Thomas Monahan, alias Moran, breaking and entering. VERDICTS. Assault. etc.-John Hayes and William Leonard, guily; Mrs. Donahue, not guilty. Second District Court. Succession of Joseph Taylor opened. Fifth District Court. Pike Barret et al VS Joseph Hague & Co-Judgment for $1181 72 C. E. Girardev vs. Joseph Raymond.Judgment for $404 83
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AUCTION SALES. By Placide J. Spear & C.E. Girardey GREAT SALE OF THE SEASON. THE MOST VALUABLE CORNER PROPERTY IN NEW ORLEANS THAT SPLENDIDLY LOCATED AND SUBSTAN tia!ly built three-story stone building, known as the Banking House of the Bank of America forming the northwest corner of Canal street and Exchange place. THE COMMANDING AND PROMINENT FIVE story iron front stores. Nos 7 and 9 Exchange place next adjoining and lately occapied by Measrs. Cavaroc & Son. TWO ELEGANT THREE-STORY BRICK DWELL ings, No3 238 and 240 Baronne street, between Deleré and Julia streets THE 'TEXADA' COTTON PLANTATION IN THE parish of Rapides OGETHER WITH A SPLENDID SUGAR ESTATE in the parish of Terrebonne. IN THE MATTER OF THE BANKRUPTCY OF THE BANK OF AMERICA United States District Court of America for the district ot Louisiana- No. 1511. Y ACIDE J. SPEAR AND c. E GIB RARDEY. AUCTION THURSDA April 1876 at twelve o'clock M at the Merchante and Auctioneers' Exchange on Royal between Canal and streets, will sold at public auction by and in pursuance to decree from the Hon. E. C. Billings judge of the United States District Court for the district of Louisiana dated March 1876 and rendered the above entitled matter, the following described property, to City Property. 1. THAT VERY VALUABLE CENTRALLY LO ATED AND COM HANDING PROPERTY. situal n the Second District of this city and in the equare bounded by Canal Royal and Custombous Exc place. The hange measures lot and streets feet inches lines frout on Canal street. by 82 feet inches in depth and front on Exch place thence on a ine running toward Roya Street teet inches lines width, thence ou a line paraliel to Exchange place feet inch 6 lines, thence on line running to ward change place and parallel to Canal street 23 feet inchee 4 lines, and thence on line parallel with Exchange be place and running to Canal street 60 feet. whole according plan of B. Pilie 1876. Together veyor dated April, thereou comprising all the the front substantially built three-story stone building known as the banking the Bank of America and forming the north corner of Canal and hange place It is fitted with iron vaults and legantly arranged with cashier's business banking for dwelling above. and location for that specialty or other uiring prominence no property on Canal advan street THE KIVR STORY IRON FRONT STORES designated by the Nos and 9 Exchange place the same district and as the pregoing descr and dioining the same. uring 34 feet front on Exchange place, by 59 feet 3 lines parallel depth between lines inches per plans of Louis H. Pilie, surveyer, designated and TWO REE-STORY BRICK DWELLINGS in the First District of this city. and in bound by Baronne Delord and Dryades reets. The lots are designated by the and as sketch of H. Pilie. sur feet on front Baronn each veyor street by147 feet inches in depth Together th rovements thereon. know and desig nated by the Nos. 242 and 244 Baronne street. Country Property. 4 A CERTAIN TRACT OF LAND together with nga and thereon. known the Texada Plantation, in the par ich of Rapidee containin acres of land fronting the bank of Bayou Rapides. bounded above by the Hope planta or fands belonging to the late Mrs Bosanne Hend or assigns, and in landa by THE UNDIVIDED KREEN THIRTY SEV ENTH: OF A CERTAIN PLANTATION. together and thereon the with in the parish of Terrebonne. in this State follows composed certain tract of land on the left bank of the Bayo Black desce ding. 7% arp frout on said avou bya depth of 40 arpents, being section fifty or lot of part town 57. lot half in lower No. The east and bounded ixteen seventeen ship lands of C. Bedford, and OR other tract of land on the right bank said bayou nearly posite the above tract. and meas uring arpen front on said bayou, depth of of above te Augu by bounde Trahan below by lands o B Hebert about land. tract of certain Houma town the below front the on arpente measuring parish. Black the of park of 40 arpents bounde above by auds of Hatcher Brothers, and below by lands of assigns tenberger of land. situated on the right of Bavou Black opposite the above front 2k arpente arpente, bound above by the lands of A. below by lands of Lubin Lagrange Another tract of land si tuated also on the email Black, Bavou at said of back distance the one just ardents in depth bounded lands of Hateter and below by Co. lande belong -sevent the the Mutual National Bank New Orleans will be soid on the same terms and conditions. is within easy reach of the city of New Orleans by Morgan and Texas of the miles within land passed point of fercomplet and tility on the thirty there about which carts elements, etc. has force of laborera and is in opera plant cane of and inety about are acrea first stubble; it has good sugar foregoing escribed properties will be sold under the order of court from incum uatsoever, excepting those mentioned Terms -For the property firstly described the purchasers to assum Bank by merica. assumed in favor city New Orienne on the proper descri fronting on Exchange place in perpetua and 1050. principal to amounting is said rent which cent on on payment of the capital: the resting on special mortgage further tenth of Sep on payable property salo mortgage bears the described secondly au firstly the purchase price, half the balance on the first of January mort bv secured on the property bearing rate of eight per cent per annum from the day of until final payme the im be kept insured in sum to be fixed cent five per clause the the in given the notes event that fees. in should haye to be sued upon to enproperty thirdly described one third two by mort gage and the usual bearing proper vendor annum from cent per clauses eight of the day of until final five per cent suit enforce to pay fees attorney to be kept insured be fixed by the assignees and the transfer policy f the Terme and condit for the Texada plantation One-third cash and the residue of the purchase payable in and years. defer red pay ments to be repre ented of equal bearing interest eig per cent De from date paid with special mortgage OR the prop erty sold vendore lien the of five dicial fees for attorney cent ings for the recovery of payment of said note or thereof. portion Terms and itions for the Plantation on Bayou One half cas! and the deferre the a credit of one and two years stallment be by notes amounts with special mortgage and vendor's eight per interest and bearing of day the from annum clause of five per ceat attorney udicial roceedings for the notes or any_po thereo required make deposit ten per cent on the amount of adi judication at the The 1876, pavable in 1877 on all the above proper paid by the purchasers over price above Acts of sale before heodule Bnisson notar the the purchasers.
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AUCTION SALES. By Placide J. Spear & C. E. Girardey GREAT SALE OF THE SEASON. THE MOST VALUABLE CORNER PROPERTY IN NEW ORLEANS. THAT SPLENDIDLY LOCATED AND SUBSTAN tially bailt three-story stone building, known as the Banking House of the Bank of America, forming the northwest corner of Canal street and Exchange place. THE COMMANDING AND PROMINENT FIVR story iron front stores Nos and Exchange place. place. next adjoining, and lately occupied by Mesara Cavaroe Son. TWO ELEGANT THREE STORY BRICK DWELL ings, Nos. 238 aud 240 Baronna street, between Delord and Juha streete. THE "TEXADA" COTTON PLANTATION, IN THE parish of Rapides TOGETHER WITH SPLENDID SUGAR ESTATE of in Terrebonne. the pariel IN THE MATTER OF THE KRUPTCY OF THE BANK OF AMERICA. United States District Court of America for the dis. trict of Leuleiana No. 1511, Y PLACIDE J. SPEAR AND C. E. GI B RARDKY. AUCTONEER THURSDAY. Apr 27 M at Mercbant the o'clock 1876, at twelve and Auctioneers' Exchange on Royal between Canal and Customhouse streets, will be sold public ction, by and in pursual the United of judge from the Hon. States District Court for district of Louisiana dated March 25 1876. and rendered the above entitle matter. the following described property, to witCity Property. CENTRALLY THAT VALUABLE, VERY LO CATED AND COMMANDING PROPERTY situate n the Second District of this city and in the square bounde Canal Royal and Custombous streets and Exchange place he lot feet inches lines frout on Unit street. by 82 feet inches in depth and front on Exchange Roya toward ine on running thence place, street feet_3 inches lines width. thence line paraliel to Exchange place feet inch lines. thence line running to ward change place and parallel to Canal street feet inches lines and thence pa tallel Ex place and running to Canal street 60 feet. Pilie. of plan according whole 1876. Together veror. dated April thereon comprising its all the substantially built thre e-story stone building known as the banking Bank America and forming the north of Canal and Exchange place. is fitted with iron vaulte and elegantly arrange for the banking business with cashier's above and local for that specialty or any other requiring prominence no property on Canal THE FIVE TORY IRON FRONT STORES ignated by the Nos. and place in the same distric and square the going scribed property and joinieg the same, uring 34 feet front Exchange place. by feet parallel lines, depth inches6 lines plans e Louis H. Pilie, surveyer, designated and TWO REE-STORY BRI K DWELLINGS uatedin the First District of this city, and the square pounded by Baronne Delord. streets. The lots are desig by the of Pilie 88 81. and Nos. each frout on veyor, street, by 147 feet in depth Together ements thereon. know and designated by the Nos. 242 nd 244 ronne street. Country Property. A CERTAIN TRACT OF LAND, together with impro th the known and buildings asihe Texad lanta tion. in the par of Rapider 800 acres 800 the and contain northern bank of Bayou Rapide bounde above lands plantation belonging by the the to Hope Mrs. Rosanne Henderson assigns, and in lands. the THE EDIVIDED SIX l'EKN THIRTY-SEV CERTAIN OF PLANTATION. ENTHS together with the dings and impro situated in the paris of Terre bonue in this certain tract of land on the left bank of the ding Black Bayou arpents said bayou. by depth 01 40 arpents, being fif lot 57 No. in lower The and ship Bedfor Widow below lands by of right on the bank other tract depth arpents using of bounde above below and tract about below miles above Broth below by lands on the right Bavou Black. meas 2% bound of arpente. Lubin below of by lands on of said Black, right bank above one the just dept) arpen above by lands of G. Hateter, and below by M tenberger lands one other twen thirtyThe belong ing to the Mutual Na ional Bank New with its consent will be sold on the same terms and conditione of reach is within RAY the This plantation city of New Orleans Morgan and Texas and with miles of the town of passe Houma The land of point ferstocked comp product and tility there which of on about thirty place; carts agi mp ments. etc.: has fine force aborers and is in success ful op about cane there plant are and 180 acres first ar stubble: it has good sugaret engine The foregoing de: cribed properties will be sold freed, under the order court. from all incum ver, excepting those mentioned the conditions Terms and Conditions- For the property firstly secondly described the purchas to assume the reversion assumed by the Bank merica, favor of the city of New Orieans. on the propert secondly describe fronting on Exchange place, $1050. and principal perpetua amounting to on said which sum: rent. rent the extinguishable of capital: Dayme on and on restinz special further the property for 0.000 paya ble on the tenth Sep 1876; bears segone lly parcels. the For purch on and the the first January pure secured note bv property gage bearing rate the at per ght per cent annum of from final the day insured be kept be of lause five fees in the notes attorney's part payment should haye to be sued upon to payment. force For property thirdly described. one- third at and and the cash credit specially secured by mortgage and vendor's lien the property bearing all the cent annum per eight sale five the per of day event suit tees attorney's enforce to be ments insured kept ment. impre to be fixed by the and the transfer the of policy. Termi and conditions for the Texas la plantat One-third cash and the residue of the purchase the and one two by to amount equal repre hearing interest at eigh per cent per annum from date paid with special mort gage OH the propsold and ven lors' lien. the clause five fees in case of judicial proceed for the recovery of payme nt of said note or thereof portion Terms and itions for the Plantation on Bayon half cash and the of credit deferred one years. the and notes stallment equal by special mort gage and and privilege eight annum from cent lay of with usual the clause of five attorne feesin case indicial proceed for the said or notes thereo of portion payment any equired to make deposit per cant on the amount of adjudication at the sale. The taxes of 1876. pay able in 1877 on all the above proper be raid by the purei price of Acts of sale before Theodul Buisson notary the or the purchasers, mh28 29 ap2 15 22 27 RAISED COTTAGK HOUSK. NO. 532 e. CHARLES BETW EEN PHILIP AND FIRST STREET AND TWO LOTS OF GROUND ADJOINING FRONTING ST. HARLES STREET IN THE FOURTH DISTRICT.