New Orleans Cooperative Banking Association

Bank Information

Episode Type: Suspension → Closure
Bank Type: private
Start Date: October 12, 1895
Location: New Orleans, Louisiana (29.955, -90.075)

Metadata

Model: gpt-5-mini
Short Digest: ad74d5e2

Response Measures

None

Description

Article (San Antonio Daily Light, 1895-10-13) states the New Orleans Cooperative Banking Association recently suspended business and names liquidators/receivers; suit alleges director overdrafts and transfers to defraud liquidators. No run is mentioned. Suspension appears tied to bank-specific insolvency and receivership (permanent closure).

Events (2)

1. October 12, 1895 Receivership

Newspaper Excerpt: Theodore Buissan and William H. Wall, liquidators and receivers of the New Orleans cooperative banking association ... vs. Frederick Boitrandt and Maurice Pickeloup. ... It is not improbable that criminal proceedings against Boitrandt will follow.
Source: newspapers

2. October 12, 1895 Suspension

Cause: Bank Specific Adverse Info
Cause Details: Bank suspended because of insolvency arising from large overdrafts and alleged fraudulent transfers by a director (overdrafted $12,655.96 and discounted notes, then transferred properties to defraud receivers).
Newspaper Excerpt: Theodore Buissan and William H. Wall, liquidators and receivers of the New Orleans cooperative banking association which recently suspended business, with liabilities of eighty odd thousand dollars and assets of little or nothing
Source: newspapers

Newspaper Articles (1)

1. October 13, 1895 San Antonio Daily Light San Antonio, TX

Article from San Antonio Daily Light, October 13, 1895

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Article Text

would |declared it and useless to speculate as to the drift of the government's colonial policy of the future, inasmuch as the national government is equally determined to crush the rebellion. SPANISH REINFORCEMENTS. SANTIAGO, Oct. 12.-The steamer San Francisco has arrived having aboard 835 Spanish volunteers from Buenos Ayres. The government intends to dispatch torpedoes to be used in defending the Cuban coast against filibusters. THEY'RE TOO WEAK FOR SPAIN. WASHINGTON, October 12.-It is learned authentically today that no South or Central Americau government will recognize the belligeranco of the insurgent revolutionists of Cuba, although unanimously in sympathy with the island. The fear of Spain is principally the cause; that if they dc so, Spain would send gunboats in the ports of the first country making the initiative step, and demanding both explanation and satisfaction. Great Britain or the United States must act first, and this action will be speedily followed by the Spanish-American republics of this continent. SENSATIONAL BANKING ROBBERY. NEW ORLEANS. Oct. 12.--A civil suit,: filed today, which caused a ripple of sensation in this city is styled Theodore Buissan and William H. Wall, liquidators and receivers of the New Orleans cooperative banking association which recently suspended business, with liabilities of eighty odd thousand dallars and assets of little or nothing, vs. Frederick Boitrandt and Maurice Pickeloup. Boitrandt was director, and as stockholder, overdrew his account to $12,655,96. In addition to this he secured $4,245,57 in notes made and endorsed which he discounted at thebank. It is alleged he turned over certain properties for a small consideration to Pickeloup, who knew Boitrandt was in insolvent circumstances at the time and it was done to defraud and cheat the liquidators and receivers. It is not improbable that criminal proceedings against Boitrandt will follow. STEIN HAS BACKBONE. MUNICH, Oct. 12.-Louis Stein, of New York, sentenced to a fine and imprisonment for insulting the deputy commissioner of the spa at Kissingen, has been confirmed in his refusal to make application for pardon. He will not return to serve his fourteen days, preferring to forfeit his bail. Stein is in Paris. NEGRO BEAST LYNCHED. JACKSON, Mo., Oct. 12.-William Henderson, a Negro, was lynched in the outskirts of this city today, for enticing Minnie Rust, aged 14 years, the daughter of a respectable white citizen, into a pasture, where he attempted a criminal assault. The child screamed and this brought assistance, when the Negro fled. He was captured and lynched. ORANGES SELL WELL. LONDON, Oct. 12.-The first consignment of oranges met a ready sale in Covent Garden, at 24 shillings the box. PARKHURST NOT EVEN WINDED. NEW YORK, Oct. 12.-Dr. Parkhurst has issued a letter regarding the present condition of the city, setting forth that he is sadly disappointed at the outcome of the efforts made for fusion. He will, nevertheless, support part of the ticket. He says there will be no abatement of his work, but with cheer fulness and heartiness he is prepared to camp on the trail of the striped beast. The city will not be municipally safe until she is dead. So long as she is able to even lash her tail she will continue to be the nucleus around which the disgruntled will always crystalize in the hope of subordinating the God fearing and law abiding to their behests. On the point of intelligence and conscience all New York is agreed. THE MARBLEHEAD HAS SAILED. WASHINGTON, Oct. 12.-A dis) patch states that the Marblehead; Captain O'Neil, sailed yesterday from Ville France for Naples, where orders are waiting ordering him to proceed to the gulf of Iskenderon.