72a42306Full suspension
Other: Bank suspended because its president, city treasurer Wm. H. Garland, was arrested for large defalcations; depositors gathered and were denied access.
Click image to open full size in new tab
SUSPENSION OF A SAVINGS BANK-T he Louisiana Savings Bank, at New Orleans, has suspended payment. It is said it was established 'by Wm. H. Garland, the City Treasurer of New 0 rleans, who has been arrested, charged with being; in default for some $200,000 of the city's fund 8.
Click image to open full size in new tab
NEW ORLEANS DEFALCATION We have heretofore published an account of the defalcation of Wm. H. Garland, Treasurer of the city of New Orleans. The New Orleans Bulletin furnishes the following summary of the special acts of malfeasance charged: The use of the public money to the amount of $27,884 from 11th April, 1855, to 26th January 1856. A deficit of $15,940 received in 1854, from the State Treasury, has never been accounted for. The use of $18,200, received from the Water Works 27th March, 1855, to January 26th, 1856. A deficit of $18,200, received in December 1853, from the same source, not accounted for. A balance against the Treasurer of $35,000, belonging to the "Trust Funds"-this deficit dates back to 1854. A balance of $57,231, in the hands of the Treasurer, which should have been deposited with the Fiscal Agent on the 23rd of February, but which has not been accounted for. From the above resume it will appear that the City Treasurer is in actual default to the amount of one hundred and twenty-six thousand dollars. Whether the report of the Finance Committee is final and complete, or whether more disclosures are to be made in a supplemental report we are unable to say. Rumors are rife that these defalcations run back for a seriers of years and we hear large figures spoken of. It was subsequently stated to the City Council that the ascertained defalcation amounted to $190,000 and that the investigation was still proceeding. The Bulletin gives the following account of the arrest of Garland: Wm. H. Garland was arrested on board his schooner, the Jane Elizabeth, Capt. Pittifield, at the Balize, about nine o'clock on Sunday evening, by Captain Bowditch, the United States Custom house officer stationed there, having been telegraphed to that effect by the Chief of Police. When arrested he was secreted in the hold of his vessel. On his person was found a new revolver and between six and seven hundred dollars in bills. He was immediately placed on board the tow-boat Anglo Norman and sent up to the city, where he arrived yesterday morning and placed in the hands of the Chief of Police, who conducted him to the Parish Prison, where he now is. No instructions were telegraphed for the seizure of any trunks that might be found on the Jane Elizabeth, and consequently nothing was taken from her except Mr. Garland himself. The Chief, however by order of the Mayor, sent down another dispatch to have the schooner overhauled, if possible, and sent back to the city with everything on board of her. She had got over the bar, we understand, and was standing out to sea, but discovering preparations, we suppose, at the Balize to pursue her, she tacked, and put back, and is now, while we write, on her way up the river to the city. The vessel subsequently arrived at New Orleans and was attached with her contents, by the Sheriff. One of Garland's trunks found on board was exceedingly weighty but its contents e would not be known until opened by order of the Court. The Bulletin says: One of the worst consequences of Garland's rascality-we suppose the developments that have already transpired fully justify the use of this expression-is the smash-up of the Lousiana Savings bank, of which Wm. H. Garland was President and one of the principal managers.A crowd assembled around its doors at an early hour yesterday morning, waiting for the doors to open, in order that they might obtain their hard carned pittances deposited in the institution. Among the crowd were many women; and while an anxious expression of countenance was manifested by nearly all, upon the faces of several, tears of bitter anguish told how keenly they found they should never receive back the earnings perhaps of years of toil and industry. It was R sight that would have moved the heart of a stone. The doors however did not open, and those whose fears had thus been roused be: gan to settle down into the conviction that they were sold. Finally, the following notice was pested on the wall of the building. "The of the Louisiana Savings
Click image to open full size in new tab
SUSPENSION OF A SAVINGS BANK.-The - Louisiana Savings Bank, at New Orleans, has suspended payment. It is said it was established by Wm. H. Garland, the City Treasurer of New Orleans, who has been arrested, charged with being in default for some $200,000 of the city's funds.
Click image to open full size in new tab
In the House of Representatives, the debate still continues upon the report of the Committee on Elections, asking for power to send to Kansas for persons and papers. On the 7th, speeches were made by Messrs. OLIVER, CumBACE, CULLOM and WALKER It is said that the New York Chamber of Commerce will hold a meeting in a few days for the purpose of assuring the British com mercial community of their continued high esteem and regard, and with a view to allay the ill feeling which exists between the two nations. Letters from Columbia. S. C., of March 3d. published the Charleston papers, state that the troubles in the College at that place are not over yet, and the exercises have been temporarily suspended. On Thursday the students threatened to rebel unless the Trustees returned the arms to the college cadets. The Gov. ernor interposed and partially quieted them. but a few still held out A large number of students had left the college, and the rest had been suspended, so that only thirty or forty retain their connection. The steamer Merrimac, the first of the six war steamers ordered by Congress, has completed her trial trip; and her performance, both under steam and canvass, has been pronounced satisfactory. Resolutions in favor of a Prohibitory Liquor Law were thrown out of the Canadian House of Assembly. by a vote of 51 to 50. A stringent license law was passed by a large majority. Gen. CULLOM, Clerk of the House, has given the profitable job of binding the reserved documents to JOHN TRETLER. of Washington, the same contract having been previously awarded by Mr. FORNEY, Gen. CULLOM'S predecessor, to the proprietors of the Evening Star, who had entered into bonds for the faithful execution of the work. The Turkey, has written a letter to the Grand Vi. zier, to be laid before the Sultan, praying for the abolition of the death penalty in the Turkish dominions against Mahometans who become Christians. A deputation on behalf of the Evangelical Conference of Paris, representing France, England, Germany, and America. recently waited on the Sultan. with a memorial praying for liberty of conscience in Lis dominions, and also for the repeal of the said penalty. They were favorably received. The Supreme Court of the United States has adjourned to the 1st of April, in order to allow its members to attend the circuit courts in the several States. No decision has yet made in the case involving the constitutionality of the Missouri compromise. The Legislature of Virginia has passed a resolution extending its session to the 17th of March. The report of the Board of Managers of the Maryland State Colonization Society, states that, since its last report, it has sent out to Liberia one hundred and ninety-two emigrant from Maryland. The whole number sent out previously, was one thousand one hundred and thirty-five, including one thousand and twenty from Maryland thirty-five from Virginia and eighty from Georgia, besides twenty-nine sent from Baltimore to Hayti, in 1832, making the whole number one thousand three hundred and fifty-six. The statement of the operations of the mint in Philadelphia for the month of February, shows that the deposits of gold for the month were $3,801,800; of silver, $105,700 The coinage of gold was $1,167,422 into 300,398 pieces. The silver coinage $450,000 into 1,695,500 pieces. The total number of pieces coined, including cents, was 2,026,088, of the value of $2,318,226 96. The gold coinage is mostly in pieces of such denominations as are calculated to go into circulation-only about three quarters of a million in double eagles. The New Orleans Picayune states that Col. GARLAND'S (the late City Treasurer) defalca ion will reach $150,000, but it is thought by many that the city has suffered during bis ad ministration to the extent of $100,000. Mr. G. started the Louisiana Savings Bank of which he was himself President The depositors were mostly poor men and women. an immense crowd of whom collected around the bank when his delinquency became known. The door 0 the bank however was shut. The news from Mexico. indicates that the late insurrection of Tamirez has been suppress. ed. The advices further state that the Constitutional Congress assembled on the 16th nlt., and were at work framing a new Constitution, or restoring the old one, which will be completed in a couple of months. The friends of Judge MCLEAN, Mr. BELL Governor SEW ARD. Mr. HALE. and Gen. HousTON have been invited to attend the meeting of Anti-Nebraska Congressmen, which was called on the 11th. It is supposed that from 100 to 120 Senators and Representatives will attend. The straight Whig general committee held a meeting on the 10th at the Broadway House. New York, Hon. F. A. TALLMADGE presiding. Resolutions were passed recognizing the principles of the old Whig party as the basis of their organization. declaring that they are ut-