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Failure of n National Rank. NEW YORK, March 15.-A special dispatch from New Orleans dated March 14th, says 'the Crescent City National Bank, circulating $450,000, closed doors to-day. It loans and discounts on the 1st of February, 1872, were $659,785.09, its capital stock $500,000, and its circulation is said to be secured by United States bonds to the same amount as its capital stock. It is reported to be a bad failure, and the institution is in the hands of a receiver."
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Bank Failure. NEW YORK, March 15.-A special dispatch from New Orleans dated march 14th says the Crescent City National Bank. circulating $450,000, closed doers to-day. Its loans and discounts on the 1st of February 1873 were $659,785,096, its capital stock $500,000 and its circulation is said to be secured by United States bonds to the same amount as its capital stock. It is reported to be a bad failure and the institution is in the hands of a receiver.
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Monetary--Commercial. MONETARY. OFFICE OF THE DAILY REPUBLICAN, FLIDAY EVENING, March 14, 1873. There was no marked change or variation in rates in the money market to-day. Some sensation was caused by the Crescent City National Bank having suspended payment on its deposits. There was no run on the bank, but the step was taken by the board of directors in consequence of certain developments which rendered it necessary. The heavy losees sustained by the bank from the De Lizardi failure had destroyed confidence in the institution to such an extent that depositors had been gradually checking out the balances at their credit, and making no new deposits, until the deposit line had been reduced to a trifling amount. We presume the institut on will now be wound up under the general banking law. The demand for discounts at the banks continues of fair extent, and the oferings on the streetare light. The few transactions reported are at the subjoined figures. We continue to quote first class paper, with or without collaterals, 9@10 & cent P annum, A1 12a-, second class - a 18, first class mortgage paper 9@10. and second class 12.
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A BANK BROKEN BY POLITICS.-A New Orleans special to the New York Times says th at the Crescent City National Bank, circulation $450,000, closed its doors Friday. E. H. Somers, one of the Committee of two hundred which recently visited Washington in the interest of the McEnery government, was the president, and it is rumored that heavy drafts on the bank to meet the expenses of the committee were the cause of its failure. The capital of the bank was half a million, and its discounts Feb. 1 were $658,785. It is reported to be a bad failure, and Colonel Charles Case has taken charge of the bank as a receiver.
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# A SLANDERED CREDIT. By some singular inadvertence, the Pica- yune has permitted to creep into one of its columns a covert and severe satire upon another. Of the Crescent City National Bank, it is said: "The annihilation of this banking institution, for it can scarcely be called a failure," etc., and the suspension of a large firm on the same day, set "the rumor-mongers" to work "to sap the credit of every bank and business house in the city:" When these rumors, that would have died away with a night's sleep, were seized upon by our contemporary the Times, and presented as important news, then only could the mistrust spread beyond the cor- ner cliques, and men inquired seriously whether such could be true. When Roundabout, of the Times, whose column is generally occupied with idle and frivolous matter, and whose duties are not such as to render him capable of judging of the value of statements affecting finan- cial matters, got off a ridiculous squib about the failures he heard of, he was un- wittingly striking a blow at the interests of this city: for though it would have no weight here, abroad, those who are not fa- miliar with the character of the column, may become alarmed and withdraw their cash and their confidence from our mer- chants and bankers. The fate of poor "Roundabout" is un- fortunate, and we apprehend he will go down in the traditions of bankruptcy with that little dog of Sir Isaac Newton, who, having overturned a lighted candle in the philosopher's study, "destroyed the lucu- brations of many years." His only pun- ishment was conveyed in the mild apos- trophe of the excellent astronomer: "Oh, Diamond! Diamond! thou little knowest the mischief thou hast done." Of the two, we maingain the superior innocence of "Roundabout," he is entirely guiltless in the premises. We will point out the true offender. The same journal which im- pales "Roundabout" in one column, thus avows its responsibility for the offense in another. Here is the heading: "Payment of the taxes, submission to confiscation Resistance to tyrants obedience to God. Are the taxpayers of this city, who are in any doubt whether they will combine with their fellow-citizens to resist the at- tempts, by the most outrageous and shame- ful modes ever proposed in a country pro- fessing to be free and republican, to collect the exorbitant and illegal taxation upon our people by a usurping government, aware of the amount of taxes which it is proposed to collect this year? These taxes will amount for the State, we learn, to $7,000,000, which, added to the $5,000,000 collectible for the year 1872, will swell the grand total to say $12,000,000, which can be collected by the same processes pro-
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Will Pursue Boutwell's Policy-Sena for Johnston's Mother Dead-Georgia Political Controversies-enators Getting Uneasy-Flanagan Pairing OffRepublican and Chronicle on Casey and West-Casey Hopeful. WASHINGTON, March 20.--The following nominations have been confirmed by the Senate: Spence, as assistant attorney general for the Postoffice Department; Parker, as marshal of Eastern Texas: Badger, as district attorney for the eastern district of North Carolina; Reeves, as collector for the fifth district of Virginia; Lewis, as collector for the ninth district of Virginia: Smith. as collector for the third dietrict of Virginia: Duvall. as collector for the first district of West Virginia; Harris, as col:ector for the fourth district of North Caroline, and the following as collectors of cus totss: Minat at Apalachícola, Coilins at Brunswick, Georgia, and Booth at Baltimore: Kendrick as postigaster at Chattanooga. nominations were made to A. E. King. as naval at The day: following collector officer of Baltime and E. 11. Smith, as in tell revenue for the third district of Var gin. Senate- The Caldwell occupied the day. the new Secretary of the Treasury (Mr. Rich (dsull) SAVE the will have little or no news for j arnalists: these gentlemen are referred to the President for news o: the operations 01 the ressery Department. Mr. Richardson regards the letter of President Grant to Mr. Bentwell as man dator, upon him to pursue Mr. Boatwell's policy. Mrs. Johnston, mother of Senator Johnston. of Vagana, died at Abingdon to-day. aged seventy. Jeff Long, colored member of Congress from Georgia, ha. made arrangements for an interview with the President to morrow, when he expects to burst the ring nominatione of Whitely, Stone and Belcher for that State. V.S. Lusk. United States district attorof North Carolina, has notified all parties, ney witnesses and others, that they are released from bonds to appear in the u-Klux cases. Senators are becoming uneary. Flanagan, having paired off with Hamilton, of Mary land, on the Casey question, has departed. Casey is contident of his confirmation by a respectable majority. The issue is a sharp one between the Senate and the President. It is, to some extent, is personal matter with in excellency. Some Democrats will vote for Casey under the apprehension that his rejection will foist a disagreeable than upon the business community of New Orleans. The Republican of this morning saye: It possible that Colonel Casey may be in imical is to the interests of Senator West, or that the Senator. through a failure to seall the patronage he desires or be. cure unselfentified to, may think that Mr. be Casey is not as friendly as he might But the statement that Casey' continuation will not conduce to the best interests of the in that State is entire ly void of truth. party It is well known that Colonel Casey has of been one of the most active and zealons the of the in and when Senator was Louisiana, leaders Republican and West party Greeley. between Grant was engaged the Casey wavering actively and organizing to-day Republicans of that State, enthe confidence and respect of the as one of most joys masses party its of the trusted leaders. "Itisa matter frecord that Senator West elected to the Senate entirely through Warmoth's was influence, and in fact it was claimed before Scotield's investigating committee that Senator West was the alter ega of Warmoth in the Senate of the United States, and that Warmoth had his resignation in his pocket. to accept at any time he (West) failed to represent him as he desired. This statement, it 14 true, was contradicted by Governor Warmoth, but Gov. Flanders and other equally responsible testified to the a was a ernor blank gentlemen, resignation condition fact precedent that to an appointment to any important place in Warmoth's gift. and his adherents are the of "Now be considered if Warmoth Republican that party Colonel to Louisiana, it is very certain Casey's confirmation will not in any way conduce to the promotion of their interests. But we think the Senate has had enough of Governor Warmoth and his friends. and is in no humor to enter now into an invest. gation of the Louisiana troubles." The Chronicle saye of Senator West and Mr. Casey: ...tties said that the former will oppose the confirmation of the latter on the ground that the nomination is not only unjust to him. but offensive to the people of New Orleans." Charles Case has been appointed receiver of the Crescent City National Bank. New Orleans.
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WASHINGTON. The Senate Investigations. WASHINGTON, March 20.-The Senate Committee on Elections had a meeting to day to consider the case of Bogy. The committee, however, this morning received copies of the testimony taken before the Legislative Committee, which they will examine. It seems the impression is that the decision in this matter will await Caldwell's case. It the Senate decide that Caldwell's seat should not be vacated, no further action will be taken on any other of the alleged cases of bribery. If Caldwell's seat is vacated it is considered certain that the other charges of corruption will be thoroughly investigated. EXECUTIVE NOMINATIONS. The President has sent the following nominations to the Senate: Washington Booth, Collector of Customs, Baltimore; Adam E. King, naval officer, Baltimore; Mrs. Ells Watson, postmistress, Jefferson City, Missouri. Charles Case has been appointed Receiver of the Crescent City National Bank, New Orleans. Commissioner Douglas instructs Collector Bailey to pursue the course he has taken in the New York Central Railroad case until enough property is seized and sold to bring to the government the entire amount of the claims due. NO MILITARY LOBBYING. A general order has been issued from the War Department, that no officer, either active or retired shall directly or indirectly without being called upon by proper authority, to solicit, suggest or recommend the action by members of Congress, for or against military affairs. Major George Bell, ot the department commissary of Washington, has been selected as disbursing officer, to pay the Mantana Indian war claims. The wile of Gen. J. H. Baker, Commismioner of pensions, died here to day of paralysis. The Senate confirmed the folloing nominations: Thos. A. Spence "M. D." As. sistant Attorney General. For Post Office Department; J. D. Webster, Assis. tant U. S. Treasury of Chicago; Samuel H. Elbert, Governor of Colorado; Jacob S. Bareman, Associate Justice of Supreme Court, Utah; A. E. Thomas, Associate Justice of Supreme Court, Wyoming; J. H. Johnson, Associate Justice of Supreme Court, New Mexico; United States Marshal, George Smith, Western District of Missouri; United States Attorney, Cyrus J. Scofield, Kansas. Collectors of Internal Revenue; John H. Duvall, 1st District, West Virginia; Henry Branden, 3rd District, Wisconsin; O. B. Johnson, 2nd District, Illinois; William R. Sapp, 2nd District, Ky.; R. H. Whiting, 13th Dis. Ohio; Alexis Cope, 16th District, Ohio; Collectors Customs: Washington Booth, Baltimore. Naval Officer, Adam King, Baltimore. Miscelaneous: A. J. Simmons, Indian Agent, Milk River agency, Montana; Hiram Latham, Surveyor General, Wyoming; B. F. Campbell, Register Land Office, Vermillion, Dakota. Postmasters: Mrs. L. A. Cary, Ashtabula, Ohio; Henry King, Topeka, Kansas; W.Jackson, Rock Island, III.; W. B. Krate, Revenna, Ohio; E. Beebe, Decatur, Michigan; Robert 8. Kendrick, Chattauooga, Tennessee; Peitro Currier, Upper Sandusky, Ohio; R. J. Tompkins, Mount Carroll, Illinois; .M. Cassidy, Winterset, Iowa. Secretary Belknap leaves here next Thursday for Chicago, where he will be joined by General Sheridan, and together they will inspect the military posts of the Department of Missouri, and especially in Texas. The Secretary will be absent for four or SIX weeks, and during his absence General Sherman will be acting Secretary of War. Collector Casey expressed confidence that he will be confirmed as Collector of the Port of New Orleans by a large majority. Mr. Flanagan, of Texas, one of his friends, who has left for home, paired off with Mr, Hamilton, of Maryland. Many of the Senators are weary of reare maining hour here, for meeting and hence with view fixing to an early a an early adjournment. The vote on Caldwell's case may be reached to-morrow.
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It will be seen by our Washington dispatches that Colonel Charles Case has been appointed receiver of the Crescent City National Bank.
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WASHINGTON. Suspended and Broken National Banks -Measures Taken to Liquidate their Indebtedness. WASHINGTON, September 21.-The comptroller of the currency is paying dividends of twenty-five per cent. to the creditors of the First national bank of Rockford, Illinois; one hundred per cent. to the creditors of the First national bank of Fort Smith, Arkansas, and thirty-five per cent. to creditors of the national bank of Vicksburg, Mississippi dividends of thirty-five per cent. to the creditors of the First national bank of Selma, Alabama, and fifteen per cent. to the creditors of the Atlantic national bank of New York, will be paid as soon as the necessary schedule can be prepared. Dividends to the creditors of the First national bank and Crescent City national banks of New Orleans will also be made in the month of October. The comptroller of the currency has directed the collection paper of the First national bank of Washington to be deposited for collection with the National metropolitan bank, which is located next door. Correspondents are requested to correspond with the latter bank in reference thereto, thus facilitating the business of the receiver. Items. WASHINGTON, September 22.-A piivate dispatch from Shreveport in relation to the yellow fever is discouraging. Information has been received here announcing the conclusion of a treaty with the Ute Indians of Colorado, ceding to the United States four millions of acres of land, believed to be of great value on account of mineral deposits. One of the most remarkable features of our present financial disturbances, if not of all past commotions, is, that not one Jewish bank or banker has suspended ; and this leads to a consideration of the general fact that in Europe they are regarded by leading statesmen as the most clear-headed and reliable financiers.
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T. attention of creditors 01 the Crescent City National Bank. who have not proved their laims. is called to the notice published urging them to call at once and procure receiver's certificate, in order to share in any dividend which may be declared.
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SPECIAL NOTICES. Notice to Creditors-Crescent City Nations Bank.-Creditors of this bank who have proved their claims are notified that checks for dividend of TWENTY FIVE Pt R CENT are readv for delivery on presentation of receiver's certificate, and signing receipt. de30 3t C. CASE, Receiver.
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Notice to Creditors-Crescent City Nationa Bank.-Creditors or this bank who have proved their claims are notified that checks for dividend of TWENTY FIVE P&R CENT are readv for delivery on presentation of receiver's certificate, and signing receipt. de30 3t C. CASE. Receiver.
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Notice to Creditors-Crescent City Nationa Bank.-Creditors of this bank who have proved their claims are notified that checks for dividend of TWENTY FIVE P&R CENT are readv for delivery on presentation of receiver's certificate, and signing receipt. de30 3t C. CASE. Receiver.
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NEW ORLEANS REPUBLICAN, TUESDAY, MARCH 31, 1874 Too Much of Lizardi. SPECIAL NOTICES. WOOD--COAL. Several of our banks recently invested B. D. WOOD. JOHN A. WOOD. J.H. more heavily in Lizardi than was agreeaOffice of the Canal Street, City Park and Lake Railroad Company, No. 26 St. Charles street, ble or profitable to the stockholders. D. WOOD & BROTHERS, New Orleans, March 27, 1874-Books of subscripB. Among others, the State National lost tion to the capital stock of the Canal Street, City COAL MERCHANTS Park and Lake Railroad Company are now open £5000, which was bad enough, but our at the following places: 106 Common street Office of the company, room No. 6, No. 26 St. printers have made it worse. In copying Charles street. Opposite the City Hotel. Judge Woods' decision they raised the I Office of the Crescent City Ice Company, Nos. 70 Tugbeat Charlie Wood. and 71 Front street. amount to £50,000, which has called from Office of Thomas H. Handy & Co., Nos. 14 and 16 H. & c. TYLER, Royal street. President Kennedy the following protest: COAL DEALERS. Office of R. M. Harrison, No. 55 Carondelet street. NEW ORLEANS, March 30, 1874. R. M. HARRISON, STEAMERS AND FAMILIES SUPPLI EDITOR REPUBLICAN: mh28 10t Secretary and Treasurer. Office No. 9 Carondelet street; yard foot In the report of the suit of Charles and Levee streets, New Orleans. Coal del Notice.-To the stockholders of the Jefferson Case, receiver, etc., vs. Citizens' Bank, beany part of the city. City Gas Light Company: At a meeting of the fore his honor Judge Woods, published in Board of Directors of this company a dividend of your issue of yesterday (Sunday), there octhree per cent on capital stock was declared, payable on the fourth of April next, at No. 11 Caroncurs an error that I will ask you to have WANTED. corrected. delet street, New Orleans. J. HERNANDEZ, President. VANTED-TO RENT-A FINELY FUR The report states that this bank held the mh31 10t March 27, 1874. airy and commodious bedroom, pa bills of the Crescent City National Bank diningroom, with kitchen and pantry atta on the Lizardis, at the time of the failure of the second floor, fronting the street, wi Office of Louisiana Levee Company, New the Lizardis, £50,000. This bank held verandah. This is a rare opportunity for Orleans, March 25, 1874.-In conformity with article wishing to keep house, and to a permanen 5 of the charter, an election of directors, to serve £10,000 only, of which £5000 were paid bewill be rented very low. Apply at No. 24 the ensuing year, will be held at the office of the fore the suspension of the Crescent City between Baronne and Drvades streets Company. No. 23 Carondelet street, on SATURDAY, Bank. leaving £5000 yet unpaid. April 4, 1874, between the hours of 10 o'clock, a. m. I will ask you to make this correction in and 2 o'clock, p. m THOMAS I. DIX, your issue of to-morrow (Tuesday) morning. BOOKS---BOOKS. mh25 10t Secretary and Treasuer. Respectfully, SAMUEL H. KENNEDY, SUBSCRIBE FOR AND ADVERT President State National Bank of New Or. Southern Bank, New Orleans, July 12, 1873-Notice is hereby given that the unredeemed SOARDS' (1874) leans. notes issued by the old "Southern Bank" must be