7698. New Orleans Banking Association (New Orleans, LA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 20, 1875
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gpt-5-mini
Short Digest
9148d014

Response Measures

None

Description

All articles refer to the New Orleans Banking Association being in the hands of a receiver (N. W. Casey), with suits, judgments, and dividend payments to creditors — i.e., the bank failed and is being wound up. There is no mention of a depositor run or of a temporary suspension followed by reopening. Article 9 explicitly calls it a 'national bank.' I classify this as a suspension leading to permanent closure (receivership). Dates are taken from newspaper publication dates and article datelines; no explicit suspension/run is described in the texts provided.

Events (3)
1. October 20, 1875 Receivership
Newspaper Excerpt
THE COURTS. Suits were filed ... by the New Orleans Banking Association receiver against the following parties ... N. W. CASEY, receiver mentioned in later notices as receiver and paying dividends (1876).
Source
newspapers
2. April 15, 1876 Other
Newspaper Excerpt
We are informed that Mr. Casey, receiver of the New Orleans Banking Association, to-day received instruction from the Controller of the Treasury to prepare a statement of claims proved against the Association, and that a dividend of 15 per cent on the same will be paid about the first of May.
Source
newspapers
3. May 15, 1876 Other
Newspaper Excerpt
New Orleans Banking Association, New Orleans, May 15, 1876. - Creditors of this association are hereby notified that a dividend of fifteen percent will be paid on demand upon presentation of the receiver's certificate. N. W. CASEY, Receiver.
Source
newspapers

Newspaper Articles (10)
1. October 20, 1875 The New Orleans Bulletin New Orleans, LA
Article from The New Orleans Bulletin, October 20, 1875

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Article Text

THE COURTS. Suits were filed in the United States Court by the New Orleans Banking Association receiver against the following parties for the subjoined amounts: A. L. Boyer, $300; DeBuys & Ogden, $1050; G. DeGeorge, $900; J. E. Glenny, $1500; Michael Meilleur, $660; Edward Page, $3000; Manuel Pagro, Jr., $750; Thos. Robinson, $6000; J. Riviere, $10,740; F. W. E. St. Ferol, $3330; J. M. Seixas, $600; J. Senac, $1500; John L. Sterry, $13,800; Christian Schneider, $1500; J. P. Sarrazin, $3000; Pablo Sala, $1590; Saml. M. Todd, $600; Jean Trisconi, $1350; W. R. Verlander, $900; A. Violet, $8100; Meyer Weill, $2250; Geo. Waightman, $3000; H. Zuberbier, $600.

2. April 16, 1876 The New Orleans Democrat New Orleans, LA
Article from The New Orleans Democrat, April 16, 1876

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Article Text

Monetary. OFFICE N. O. DEMOCRAT. Saturday Evening, April 15. 1876. There is but little business doing at the banks. In the open market the movement In all classes of securities is small, with moderate offerings at steady rates. The money market continues to rule quiet, easy and unchanged, We quote exceptional paper @8 per cent, A1 paper 9@10 por cent. second grade do. At mortgage notes 9@10 per cent. and second grade do. at New Orleans Clearing House. Balances. Clearings. $114,270 34 $1,579,801 41 April 15 156,819 17 1,166,968 56 Same time last week 1,293,656 70 9,301,538 87 Total last week 1,225,170 45 9,867,649 59 Total week before A statement of the condition of the Associated Banks at the close of business yesterday shows an increase of $75,000 in specie, and a decrease of $95,000 in currency, $135,000 in loans and $320,000 in deposits, We are informed that Mr. Casey. receiver of the New Orleans Banking Association. to-day received instruction from the Controller of the Treasury to prepare a statement of claims proved against the Association, and that a dividend of 15 per cent on the same will be paid about the first of May. In foreign and domestic exchange, city and State securities a fair business was transacted. The offerings were moderate and rates ruled steady throughout the day and lower at the close, Bank sterling -@552 and 547@548 for bill of ladingand clear bills. Bank franes - and 4.61 4 for commercial. The banks are cheeking at in per cent discount and commercial sight quoted par @1-32 per cent discount. Premium bonds 35c: new currency sevens old do. 34% gold bonds, D. 8., 37% -: do. A. S. 36 1 @ : State bonds The Second Premium Bond Drawing. In accordance with the announcement in the 1 public journals, the drawing of the second allot ment of premium bonds took place Saturday. at 10 o'clock, in the City Hall, under the supervi sion of the Administrator of Finance. when the I following numbers were drawn: , 6348, 1801, 7211, 2447, 8080, 185, 2888, 8301, 3550, 5022 f 4904, 4888, 2230, 1996, 8718, 2566, 6542, 4064, 7848. 5503 n 4537, 7648, 1791, 8680, 8770, 7546, 8824. 881, 6601, 851 765, 3452, 368, 2018, 566, 8387, 6662. 5955. 9432, 3802. 613 . 7871, 6433, 7590. 9719, 4758, 9654. 9730, 2311. 2570. n New Orleans Stock Exchange sales April 15 1876: : n 55 shares Carrollton Ballroad $98 50: $12,000 h State consols at 66 % $12,000 do. at 60 1/4, $16,000 do I at 67, $20,000 do. at 671. $6000 do. at 67 7-16, $55,000 do. at 67 % $1200 do. at 67% $30,100 do. at 67% $80. f 300 do. at 68, $100,000 do. at 68% $114,000 do. at 68 $10,000 do. at 68% making a total of $486,600 State consols. 1. $7000 premium bonds at 33 %, $25,000 do. at 33% $58,000 do. at 34, $5000 de at 34 1/2. $11,000 do. at 34% f $5000 do. at 34% $5000 do. at 351, $3000 do. at 36 1, #5000 do. at 36% making a total of $124,000 pro Hum bonds. n $5000 Levee Company bonds at 301. $7000 cit r. scrip at 43% $1000 city one-half paid coupons a 49% y

3. May 16, 1876 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, May 16, 1876

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Article Text

New Orleans Banking Association, New Orieane, May 15, 1876. - Creditors of this association are hereby notified that a dividend of titteen percent will be paid on demand upon presentation of the receiver's certificate. mv166t N. W. CASEY, Receiver.

4. May 17, 1876 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, May 17, 1876

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SPECIAL NOTIOES. New Orleans Banking Association. New Orleans, May 15, 1876.-Creditors of this association are hereby notified that a dividend of fitteen per cent will be paid on demand upon presentation of the receiver's certificate. N. W. CASEY, Receiver. my16 6t

5. May 18, 1876 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, May 18, 1876

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Article Text

SPECIAL NOTICES. Parsons' Lodge No. 3 of F. and A. M.Members of this lodge will please attend a special me+ting THIS (Thursday) EVENING, May 18, 1876, at half past seven o'clock, sharp. Business of great importance will be brought before the lodge for immediate action. By order of the W. M: ST. FELIX CASANAVE, Secretarv. my18 It* New Orleans Banking Association. New Orleans, May 15, 1376.-Creditors or this association are hereby notified that a dividend of fifteen per cent will be paid on demand upon presentation of the receiver's certificate. N. W. CASEY, Receiver. my16 6t Office of the Mississippi and Mexican Gulfship Canal Company, No. 26 Camp street, New Orleans May 15, 1876.-The annual meeting of the Mississippi and Mexican Gulf Ship Canal Company will be held at this office, No. 26 Camp street, on THURSDAY, June 1. at 10 A M., for the election of nine directors to serve the ensuing year S. D. MOODY, Secretary. myl6t jel New Orleans Canal and Banking Company. New Orleans, April 27, 1376.-Proposals will be received at the bank for the purchase or lease of its different properties at the Lake end of the New canal and terminus of the New Orleans City Railroad to the Lake. CH. JUMONVILLE. Cashier. ap27 1m Home Mutual Savings Bank in Liquidation.-The stockholders of the above institution are hereby notified that on and after June 5, 1876, a dividend of TEN PER CENT on the amounts paid in by them will be paid at No. 25 Decatur street. JAMES M. DOWLING, New Orleans, May 5, 1876. Liquidating Commissioner. my5 Im Sealed Proposals for the Renting of Booths, Bars etc., for the Pienic to be given by Philadelphia Fire Company No. 14, on SUNDAYS, June 4 and 11, 1876, will be received until May 25, 1876. Bids must state full terms and particulars. The right to reject all bids r-served to the comW. B. KLEINPETER, pany. Address, No. 61 Camp street. my14 td

6. May 20, 1876 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, May 20, 1876

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Article Text

SPECIAL NOTIOES. New Orleans Banking Association. New Orlean. May 15, 76.-Creditors or this association are hereby notified that a dividend of fitteen per cent will be paid on demand upon presentation of the receiver's certificate. N. W. CASEY, Receiver. mv16 6t Office of the Mississippi and Mexican Gulf Ship Canal Company, No. 26 Camp etreet, New Orleans. May 15, 1876.-The annual meeting of the Mississippi and Mexican Gulf Ship Canal Company will be held at this office, No. 26 Camp street, on THURSDAY, June 1. at 10 A M., for the election of nine directors to serve the ensuing year. S.D. MOODY, Secretary. my16t jel New Orleans Canal and Banking Com. pany. New Orleans, April 27, 376.-Prop seals will be received at the bank for the purchase or lease of its different properties at the Lake end of the New canal and terminus of the New Orleans City Railroad to the Lake. CH. JUMONVILLE, Cashier. ap27 1m Home Mutual Savings Bank in Liquidation.-The stockholders of the above institution are hereby notified th st on and after June 5, 1876, a dividend of TEN PER CENT on the amounts paid in by them will be paid at No. 25 Decatur street. JAMES M. DOWLING, New Orleans, May 5, 1876. Liquidating Commissioner. my5 1m

7. March 3, 1877 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, March 3, 1877

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COURT RECORD. THURSDAY, MARCH 1, 1877. United States Circuit Court. Present-Hon. E. C. Billings, district judge. J. A. Peniston, E.q., was admitted to practice in all the United States courts of this district. American Cotton Tie Company VS. Benjamin J. West.-Iojunction against making, selling, etc., any open slot, cotton tie or buckle resembling the arrow tie, N. W. Casey, receiver of New Orleans Banking Association, ve. Llambias & Dockter-Judgment for $300; same V8. John Rocchi, $1500; same VS. M. Hirsch, $17 40; same VS. E. H. Levy, $750: same vs. Joseph Drefus. $2700; same V8. W. P. Converse, Jr., $1300; same vs. R. Bougier, $1500; same F8. M. J. Brennan, $900; same vs. Cn. Lob, $1500. By an agreement between the above parties, on a bond being execated by each defendant exceeding by one-fourth the amount of judgment, 00% ditioned on the determination of No. 15. N. W. Casey vs. Comit G. Galli, in the Sapreme Court of the United States. the exe. oution is suspended. R. T. Charmbury vs. E. F. Herwig-09 trial with a jury. United States Commissioner's Court. Before Judge Southworth. United States VB. John Smith.-Robbery from United States mail. The accused is charged by Postmaster Marcellas Vallas with having stolen seven registered letters. through a rent in the mail bag [in evidence] between December 1 and February 26, as the Hahnville postoffice, amounting to nearly $400. Case heard and decision reserved.

8. March 22, 1877 The New Orleans Daily Democrat New Orleans, LA
Article from The New Orleans Daily Democrat, March 22, 1877

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THE COURTS. -Superior Criminal Cours. PLEAD GUILTY. Carrying concealed weapons-Billy Wilson, sentenced to $10 or ten days Parish Prison. HABEAS CORPUS. State ex rel. Billy Wilson vs. Criminal Sheriff et als.-Relator was committed as a dangerous and suspicious character. Writ made absolute and relator discharged. State ex rel. James Miller et als. VB, the Criminal Sheriff-Relator and eight others were committed for treason by Judge Miltenberger without bail. They ask relief, and their counsel, John E. Staes, alleges that E. Miltenberger has usurped his office by force of arms, and is not the judge of the Second Municipal Court. The commitment fails to state where the treason has been committed or upon whose oath they are held. Their commitment is in violation of United States and State constitution, because bail was refused. The action of Miltenberger is a gross violation of the status quo. They had, under the status quo, a perfect righttoform them selves into a militia, as long as they did not disturb the peace. There was no treason, they having leyied no war against the State, adhered to its eneor remies, Judge given Whitaker them issued aid or the comfort. writ, turnable this morning at half-past 9 o'clock. Attorney General Ogden will represent the defendants and Sherif. CONTINUED. Murder-State vs. Peter Coylo et als., until Friday. First District Coart. CONVICTED. Larceny-Joe Miller. PLEAD QUILTY. Lareeny-George, alias John White. Trespass-Jack McDonald, allas Ham. Assault and battery-Gustave Bernau, Charles Sommers. NOLLE PROBEQUI. Obtaining money under false pretenses-Wm: Sachs, MISTRIAL. Obtaining money der false pretenses-J. W. Pratty. United states Courts, In the cases of N. W. Casey, Receiver of the New Orleans Banking Association, VS. various debtors of the bank, there were seventy-five judgments rendered in favor of the plaintiff yesterday for amount of stockholders' notes. No move has, as yet, been made in the cotton cases in which indictments were brought in by the Grand Jury of last year.

9. March 23, 1877 New Orleans Republican New Orleans, LA
Article from New Orleans Republican, March 23, 1877

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COURT RECORD. TUESDAY, MARCH 20, 1877. United States Supreme Court, The following case has been argued: No. 15 (original). Casey vs. Galli.-This action was brought pursuant to an order of the Controller of the Currency to enforce the individual liability of Galli as a share. holder in the New Orleans Banking Association, a national bank that, having failed, is being wound up by Casey, as receiver. The case involves the following questions: Whether the action should not be in equity instead of law, and whether to sustain the action at law it is sufficient to aver the necessity of enforcing the liability, and that such necessity has been determined by the Controller of the Currency, without stating facts from which the court can determine whether the necessity existe; whether the determination of the controller that it is necessary to collect from the stockolder the entire am unt for which he 18 liable, is conclusive upon the defendant without averaging the amount for which he is liable. Also, whether by any State authority given in the charter of a State bank its directors may change its character to that of a national bank, and whether the controller's certificate is conclusive 88 to the organization of the national bank. C Case and Rouse & Grant for plaintiffe; Carlisle and McP Pherson for defendants. United States Circuit Court. Present - Hon. W. B. Woods, circuit judge, and Hon. E. C. Billings, district judge. Before Judge Billings: H. Newgaes VS. J. M. Sandidge et al Verdiet for plaintiff for $5726 60. N. W. Casey, receiver of the National Banking Association of New Orleans, VS. Herman Curtius and seventy two others.By agreement these 08808 were submitted and decided against defendants for amounts of stock held. Rouse & Grant for plaintiff, H. N. Ogden for defendants. Superior Criminal Court. State VS. Samnel Johnson.-Assaulting a police officer. Verdict of not guilty. State VS. John P. Vairin.-Manslaughter in killing John Murray, September 27, 1874. Committed on $10,000 bail, March 17, 1877. Not a true bill. INFORMATIONS. Charles Ohse, accaulting Police Officers Charles Scott and Michael Cullume. Charles Scott, C. Rozenheim and Zeno Washington, carrying concealed weapons. First District Court. Assault, etc.-Louis Caron, convicted; Thomas Chapman, acquited; John Bugean, nolle prosequi entered; J. Carbonet, pleaded guilty; Chailes Summer, Minnie Jackson, L. Sandmaker, Gustave Berman, informations filed. Petty 1srceny-Clem Washington, Theodore Guclu' Charles Prosper, William Johnson, convicted; Jim Henry, P. Davis, acquitted; William Bessick, nolle prost qui entered; G. W. Bodley, Jr, J. Weber, Thomas Young, informations filed; Thomas Bennett, sentenced to one day in Parieh Prison. Obtaining money, etc.-Henry Neat, sentenced to eight months in Parish Prison. J. McGuire, alias James F. Ward, sentenced to nineteen months on conviction of attempt to murder Thomas Devereux, February 26, 1876, has filed a motion of appeal.

10. May 12, 1877 The New Orleans Daily Democrat New Orleans, LA
Article from The New Orleans Daily Democrat, May 12, 1877

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THE COURTS. Judge Billings, of the United States District Court, will probably leave to-day or to-morrow for Washington. Judge Woods, of the United States Circuit Court, will sit as District and Circuit Judge for a couple of weeks. United States Circuit Court. N. W. Casey, receiver of the New Orleans Banking Association Vs. Thomas Robinson-Judgment for plaintiff in the sum of $6000 with interest. C. Nashan V8. Board of School Directors-Argued and taken under advisement. Eug. L. Tarbox V8. Robert Chapsky-Defend- ant enjoined from using, imitating, etc., patent stencii plates claimed by plaintiff. The State National Bank has filed a suit in equity against Mrs. Mary C. Thornhill and others on promissory notes to the amount of $18,000, which orator claims is due him for property sold defendants in 1870, situated in Tensas parish.