7621. Commercial Bank (New Orleans, LA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
May 17, 1867
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gpt-5-mini
Short Digest
f2646f67

Response Measures

None

Description

Multiple contemporary dispatches (May 17, 1867) report the Commercial Bank of New Orleans 'suspended this morning.' Articles mention Jacob Barker pledging real estate to cover liabilities, suggesting bank-specific insolvency. The reports do not describe a depositor run or later reopening; lacking reopening information, I classify this as suspension leading to closure (suspension_closure) but note that permanent failure/receivership is not explicitly reported in these clippings.

Events (1)

1. May 17, 1867 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank suspended due to liabilities/insolvency concerns; Jacob Barker pledged real estate (annual rental ~ $13,000–$15,000) to cover liabilities according to dispatches.
Newspaper Excerpt
The Commercial Bank suspended this morning. Jacob Barker pledges his real estate, with an annual rental of $15,000, to cover the liabilities of the bank.
Source
newspapers

Newspaper Articles (10)

Article from The Daily Gate City, May 18, 1867

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FROM NEW ORLEANS. NEW OBLEASS. May 17. The Commercial Bank suspended this morning. Jacob Barker pledges his real estate, with an annual rental of fifteen thousand dollars, to cover the liabilities of the bank. The meeting last night was addressed by Senator Wilson, and passed off quiet and orderly, though the military were under arms, ready to quell any disturbance. The three days festival of the firemen be gins to day at the fair grounds, for the benefit of widows and orphans.


Article from New-York Tribune, May 18, 1867

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THE SOUTHERN STATES. LOUISIANA. SUSPENSION OF THE COMMERCIAL BANK-SENATOR WILSON. BY TELEGRAPH TO THE TRIBUNE NEW-ORLEANS, May 17.-The Commercial Bank suspended this morning. Jacob Barker pledges his real estate, with the annual rental, $13,000, to cover the liabilities of the bank. An order was issued this morning by Gen. Sheridan, prohibiting the carrying of fire arms by any person except those authorized. Offenders will be subject to trial and punishment by a military commission. The meeting last night addressed by Senator Wilson was quiet and orderly, though the military was under arms in readiness to quell any disturbance. Gen. Longstreet was one of the Vice-Presidents The three-days' festival of the firemen begins to-day at the fair grounds, for the benefit of widows and orphans.


Article from Evening Star, May 18, 1867

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TELEGRAMS. &c. Emerson Etheridge, the Conservative can. didate for Governor of Tennessee, spoke at Memphie, yeaterday morning. About 10,000 persons were present, including many ladies. He was very bitter against Brownlew, and was followed by General W. B. Stokes, who defended Brownlow and the Radical party with great warmth. Hesaid Grant, Sherman, Thomas, and Sheridan were Radicals, and they conducted the present reconstruction law. The South American news is important. President Lopez, of Paraguay, has accepted the mediation offered by the United States Government through its Minister, Mr. Washburn, and would immediately send an envoy 10 Wasbington. The allies, on the other hand, had not accepted the o ffer, and it was doubtful whether they would do so. There has been no further fighting bet sween the contending parties. In the State Constitutional Convention of Maryland, yesterday, the committee on declaration of rights reported a bill of rights which provides, among other things, for the admisson of negro testimony in the courts of the State. The bill was made a special order for Wednesday next. The Executive Committee of Canada closed its sittings this week for the present. The changes in the departments will in volve the removal of someseventy families from Otta wa Their places probably will be more than sup. plied by the arrival of officials from the maritime provinces. There was a split in the Republican Convention to nominate a member of Congress for the Nashville District, Tennessee. The con vention nominated John Trimble, a native Union man. The seceders nominated John Lawrence. of the Freedmen's Bureau, who subsequently declined the nomination. Eighty-flv midshipmen will be graduated at the ensuing examination of the Naval Academy. Fifty or sixty of them will be placed on the steamship Minnesota, and sent on a six months' cruise for the purpose of being instructed practically in their duties. An order was issued by General Sheridan yesterday morning prohibiting the carrying of fire-arms by any person except those authorized to do so in the discharge of their duty. Offenders will be subject to trial and punishment by a military commission. A meeting at New Orleans, Thursday Light, was addressed by Senator Wilson. Everything was quiet and orderly, though the military were under arms in readiness to quell any disturbance. A telegram from Staunton announces the election by the Episcopal Convention of the Rev. Francis M. Whittle, of Louisville, Kentucky. as assistant bishop of Virginia. The French Canadians are becoming notorious for the crime of poisoning. Another case, similar to that of Provencheur. will be tried on the 25th instant. The Commercial Bank of New Orleans has suspended. Jacob Barker pledges real estate with an annual rental of $15,000 to cover the liabilities of the bank. A dispatch from Montreal says apartments have been reserved at the St. Lawrence Hotel for Jeff. Davis and family. They are expected there to-day. The stables of Abraham Warwick, near Richmond, were burned, with thirty mules, Thursday night.


Article from The Daily Empire, May 18, 1867

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News by Telegraph and Mails. Gold closed in New York yesterday at 13736. The President was reported quite 111 last night. Three illicit distilleries were selzed in New York on Thursday. The amount of specie to be shipped today will, it is said, amount to two millions and a half of dollars. Madame Ristori made her last appearance in America last night, in New York, AS Medea. She made a brief farewell address in English. The Commercial Bank of New Orleans suspended payment yesterday. Sheridan has prohibited the carrying of fire-arms In New Orleans. Jefferson Davis and his family are domiciled at the New York Hotel, New York. He will leave for Canada to-day or on Monday. A large wild cat was captured, yesterday, in a lumber yard, in Chicago. It had probably been brought in the hold of some vessel from the lumber regions of Michigan. The United States District Court of lowa has decided adversely to the liquor sellers in that State, who claimed that because the United States Internal Revenue Law provides for liquor licenses, the State Prohibitory Liquor Law is of no effect. The subscriptions in Boston for the South amount to $47,507. s Geo. Andrews, charged with embezzling several thousand dollars belonging to the Merchants' Union Express Co., of New York, was yesterday arrested in Chicago. Mrs. Belinda Ellms, the heroine of the story of the shipbuilder of Boston and his breach of promise of marriage, has recovered $7,000 for the injury done to her affections. It appears that Payner, the "inoffensive young man" who made a murderous assault upon hiscousin. Miss Holcraft, in Philadelphia, on Thursday, had attempted to ravish her, and, irritated by her resistance, cut her throat, and then his own. His wounds are supposed to be fatal. The girl, who is only fifteen years old, is recovering. Warner, Cheever & Co., of St. Louis, yesterday received a large order for supplies from Brevet Colonel Rankin, Captain of Company C, Thirty-first Infantry, U.S. A., now located at Fort Buford, Dacotah Territory, the scene of the reported Indian massacre in January last. The letter contains 110 account of scalpings or Indian troubles. The other day a dog got into the sheepfold of General Singleton, near Quincy, Illinois, and destroyed four hundred dollars worth of his valuable South Down sheep. New York has adopted a new rule of testimony, which enables a husband and wife, or either of them, to be a witness for or against the other, or on behalf of any party, in certain cases. Two young girls belonging to Fall River, Mass., ran away with some of the circns companies that performed there on Tuesday, 30th ult. They have been tracked to Providence, but have not yet been found. A cable dispatch announces that the Emperor of Austria has issued a decree favoring the Protestant inhabitants of Hungary. The nature of the decree is not stated, but we suppose that It grants what the Hungarian Protestants have long desired-the liberty to manage their own church affairs. A sturgeon nearly 8 feet long, and weighing 306 pounds was caught at Berkley, in Taunton "Great River," Mass., last Thursday, and at Taunton on the same day, a sucker was seined which measued three feet two inches.


Article from The New York Herald, May 18, 1867

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THE PRESS DESPATCH. NEW OBLEANS, May 17, 1967. The Commercial Bank suspended this morning. Jacob Barker pledges his real estate, with the annual rental of $15,000 to cover the liabilities of the bank. An order was issued this morning by General Sheridan, prohibiting the carrying of fire-arms by any person, except those authorized. Offenders will be subject so trial and punishment by a military commission. The meeting last night addressed by Senator Wilson was quiet and orderly, though the military were under arms in readiness so quell any disturbance. The three days' festival of the firemen begine to-day as the fair ground for the benefit of widows and orphane.


Article from Daily Davenport Democrat, May 18, 1867

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LOUISIANA. New ORLEANS, May 17.-The Commer cial Bank suspended this morning Jaco Baker has pledged his real estate, with hs annual rental of $15,000, to cover the liabiities of the bank. The meeting last night addressed by Se:ator Wilson was quiet and orderly, though the military were under arms to quell an: disturbance. three days festival of the firemen be gins to day at the fair grounds, for the ben efit of the widows and orphans.


Article from Public Ledger, May 18, 1867

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FROM NEW ORLEANS. a NEW ORLEANS, May 17.-The Commercial bank suspended this morning. Jacob Barker pledges real estate, with an annual rental of $15,000, to cover the liabilities of the bank.


Article from The National Republican, May 20, 1867

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Pen. Pencil and Seissers. THE Queen of Belgium is having a crown made with 5,000 diamonds in it. ACCOUNTS from Nice say that Lord Brougham is very ill_perhaps past hope. THE tobacco interests of the border States are struggling between life and death. THE despotic interest in behalf of public order and virtue in New York city seems to have proved a failure. n, JUDY GREEN, a colored woman, died in to Niw York on Thursday, aged one hundred and nine years. E GEN. LONGSTREET was one of the vice presidents of a public meeting in New Orleans bed addressed by Sension Wilson. A BAPTIST convention held in Memphis, Tenn., resolved to labor more faithful the com. ing year for the conversion of the Jews. An individual from Cleveland lost $100,000 in fare a Broadway gambling-saled a day or two since. EASTERF first-quality bundle bay is now selling from the vessels at the wharves in Boston for $48 per ton. Ir IS officially announced that the sum to be applied to the reduction of the national debt of England during the current quarter is £337,723. SINCE the street cars in Charleston, S. c., have been thrown open to colored people, it has been observed that the whites occupy the platforms, while the freedmon sit inside. We have received from John C. Parker, post office news stand, a copy of Godey's Lady's Book for June. An unusually interesting number. A YOUNG WOMAN in Boston named Alice C. Abbott has been arrested on a charge of caus8 ing the death of her step-father, Washington t Pickering, by poison. e MOST REV. ARCHBISHOP SPALDING, Right t Rev. Dr. Coskery, Mr. Alfred Jenkins, Prof. N. B. Smith, have arrived in good health at Brest, 8 on their way to Rome. THE Commercial Bank of New Orleans suspended payment yesterday morning. Jacob Barker pledges his real estate and an annual rental of $15,000 to cover the liabilities. d JEFFERSON DAVIS has been at the New r York Hotel several days in great seclusion. He sees but few persons. He left New York on v Saturday afternoon for Canada. e MR. AND MRS. POMEROY, of Somers, a Conn., who were divorced in April, and Mr. and s Mrs. Hays, of Enfield, who were divorced last e fall, have just been remarried. c THE duties in coin paid at the St. Louis custom-house from January 1 to May 1, 1867, 8 amount to $341,128, or at the rate of $1,200,000 a year. Total duties last year were $840,000. ON Friday last a horrible murder occurred in East Saginaw, Mich. Edward R. King, a shoemaker, stabbed a blacksmith named John f Seely with a knife several times, causing his imn mediate death. The murderer (King) escaped. e As BOTH the Mississippi and Georgia ine, junction cases were dismissed by the Supreme 1Court, the subponas issued against Secretary of Stanton and Generals Grant, Ord, and Pope are now of no effect. g THERE is to be a State convention in New Jersey on June 4th, to take action in that y State with reference to manhood suffrage. The call is indorsed by a majority of the Republican t members of the State Legislature. Two little boys left Dayton, Ohio, a few e days ago with their bows and arrows to hunt grissly bears in the Rocky mountains. They got six miles on their way before they were overh taken, and when found were shooting at some 1. calves by the roadside for practice. a


Article from Delaware State Journal and Statesman, May 21, 1867

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SCRAPS BY THE WAY. 1 The proposition to build a new Presby. terian church in the western part of this city gains more in favor every day. A building capable of seating about two thousand persons would be just the thing. The United States Consul at Nassau says there 18 danger of the yellow fever being introduced into this country from the West Indies. The Broadway Bank has been swindled out of $17,500 by means of a forged check, purporting to come from the officers of the Board of Public Education. It is said that Mr. Greeley cannot get his hands washed clean since they came in contact with the blood-dyed "maulers" of Davis the traitor. General Schofield has ordered that a negro company called the "Lincoln Guards," recently organized at Richmond, shall be disbanded. A woman in Brooklyn died a few days ago because of the blunder of a druggist in has putting up a prescription wrong. He been arrested. H. F. Pickels of this city sailed for Eng. land on Saturday last. He will be absent about three months. Gen. Sickles has been breveted a Major General in the regular army for gallant services at Gettysburg. Rev. Mr. Ford, of Brooklyn, preached at the Central Church last Sunday, morning and evening. The historian, Bancroft, has been ap pointed Minister to Berlin. They are to haven new bridge over the Susquehanna, at Harrisburg. Gen. Grant was in Richmond on Satur day. Dr. Brown of this city intends shortly to locate in Petersburgh, Virginia. The Board of Health will make a tour o inspection through the Fourth Ward to-day The Commercial Bank at New Orlean has suspended payments The weather continues cool for the season


Article from Bradford Reporter, May 23, 1867

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# News from all Nations. -Ex-Gov Wright, of Indiana, our Minister to Berlin, died of dropsy, on the 11th inst. -The Hon. Elijah Hise, Congressman elect from the 3d District of Kentucky, has killed himself. -Mr. Doolittle has gone on a confidential mission to the Czar. -Gen. Sickles will appoint colored men as registers in South Carolina. -The Mississippi and Georgia injunction cases, have been dismissed by the U. S. Supreme Court. -The rebels have been generally successful in the Kentucky election. -The Chief of Police of New Orleans, has issued orders, forbidding negroes interfering with streat cars. -C. C. Wiiliams, of Norwich, Conn., has been sent to State's Prison five years, for outrageous abuse to his own child. -A boy of 13 years, hung himself in Niagara county, N. Y., last week, because he was threatened with punishment by his father. -The latest advices from Africa, leave ground for hope that Dr. Livingston, the great explorer, is still alive and well. -Flour sells in San Francisco at $6 a barrel. Wheat is being shipped to New York City at a profit. -Last week a fellow in Chicago attempted to commit a rape on a little girl, 12 years old. Being caught, he saved a trial by cutting his own throat. -The Republican party of South Carolina announce their adhesion to the great Republican party of the North. -Harry B. Dutton, jail keeper, in Rochester, committed suicide last week, by shooting himself in the head with a pistol. -A youth in Salem, Vermont, played "hang himself," to frighten a younger boy, and did it in earnest, for he choked to death. -The colored men of the South, say our recent advices, are indicating their preference for Thaddeus Stevens as the next President of the United States. -The courts have decided that refusing to take newspapers and periodicals from the post office, or removing and leaving them uncalled for, is prima facia evidence of intentional fraud. -The Victoria Colonist, the oldest and ablest paper in Van Couver's Island, advocates annexation to the United States, and says nine out of every ten of the inhabitants are with them. -A Cincinnati saloon keeper lost one of his eyes the other day by the explosion of a bottle of mineral water, one of the fragments cutting his eye completely in two. -John Anderson, a magistrate of Florida, neglected to have a murderer arrested, and has been arrested himself by military authority, and is in prison. -The Japanese Commissioners have informed Secretary Seward privately of the object of their mission, and have had an interview with Secretary Wells relative to the purchase of vessels. -According to a geological survey, it is ascertained that Illinois has a coal area of more than 18,000 acres, containing three strata of coal, altogether 16¼ feet thick, and superior to English and Pennsylvania coal for smelting purposes. -J. Glancey Jones has gone South to preach the Copperhead Gospel to negroes. -Mrs. Donaldson, of Pittsburg, fell down stairs last week, and killed herself. -The murderers of the two Zook brothers, formerly from Lancaster have been arrested in Mississippi. -No restaurants or lager beer shops have been licensed in Bellefonte this year. -Mercer county has granted no license this year, to taverns or drinking houses. -Willie Frilling fell from a raft, at Harrisburg, on Friday of last week, and was drowned. His body was not recovered. -A butcher in Bellefonte announces that he will kill no more beeves until owners of stock come down to a fair price. -The Lewisburg Chronide gives notice that it will not advertise lotteries, theatres, or "nigger shows," believing their tendency to be evil. -Mollie Griffin, an inmate of a house of ill-fame, in Pittsburg, took laudanum last week, and died from its effects. -A man named McClosky, and another named Joyce, had a quarrel, near Pittsburg. McClosky struck Joyce one blow with his fist, causing almost instant death. -On Wednesday of last week, a colored man in Harrisburg, had his head completely severed from his body, by a locomotive. His name was Francis Derm. -On the 29th ult., Albert, infant son of Amanda Bensinger, of Hubley township, Schuylkill county, was accidentally burned to death by his clothes taking fire. -Sergt. Samuel McClure, of Company I, 27th Regiment U. S. Infantry, only brother of Col. A. K. McClure, was killed by Indians, on the 27th of March last, hear Fort Reno, Dakotah Territory. -The Commercial Bank of New-Orleans suspended payment Thursday morning. Jacob Barker pledges his real estate and an annual rental of $15,000 to cover the liabilities. -Eastern first quality bundle hay is now selling from the vessels at the wharves in Boston for $48 per ton. -The Episcopal Convention has elected Rev. Francis M. Whittle, of Louis-