7705. New Orleans National Bank (New Orleans, LA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
national
Bank ID
1778
Charter Number
1778
Start Date
January 29, 1875
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gpt-5-mini
Short Digest
b6947ad1

Response Measures

None

Description

Articles (Jan–June 1875) repeatedly refer to John Cockrem as receiver of the New Orleans National Bank, indicating the bank had been placed in receivership and remained closed; no article describes a depositor run. Cause is inferred as bank-specific insolvency/closure (receiver assigned). Dates are when the receiver is mentioned in the newspapers.

Events (2)

1. January 29, 1875 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank had been placed in receivership (insolvency/closure) and legal actions by the receiver are underway; no run reported in the articles.
Newspaper Excerpt
Cockrem, Receiver of New Orleans National Bank, vs. several defendants, he court ordered ...
Source
newspapers
2. June 2, 1875 Receivership
Newspaper Excerpt
John Cockrem. receiver New Orleans National Bank. vs. Fairbanks & Gilman. Verdict for plaintiff for $10,087 22, funds drawn by defendants in excess of deposite, and accepted by the bank for the honor of drawers.
Source
newspapers

Newspaper Articles (2)

Article from The New Orleans Bulletin, January 29, 1875

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Article Text

THE COURTS. UNITED STATES DISTRICT COURTS. Adam Wagner, Wm. Watney, Geo. Ross, Geo. Foley, Herman Long and John Baker filed this morning a libel against the steamship City of Houston for twenty-one hundred dollars damages. They allege that they were part of the crew of the tug Tillie C. Jewett, plying the Mississippi River, and were on board of her on the night of the 13th inst., when the City of Houston collided with her. They say that the collision was purely the fault of the steamship, and, that by this negligence, they have suffered in the amount claimed, by reason of personal suffering and loss of wages. A monition was issued, and the City of Houston seized. SECOND DISTRICT COURT. The successions of L. Clairvani, Daniel Marr, John Kirwin, and O. J. Donnell were yesterday opened in the Probate Court. FIFTH DISTRICT COURT. Before Judge Cullom Richard C. Cammack has filed a suit against Morgan Cammack for $500, alleged to be due on a certain promissory note, and Win. Leake, of the parish of West Feliciana, has filed a petition in the same court, claiming $1006 from A. Petit. He alleges he has rendered legal services to the defendant before the courts of his parish for which he was not paid. Judge Cullom decided this morning the case of Temple S. Coons vs. Jas. F. Kendall, in favor of the defendant. SUPERIOR DISTRICT COURT. The injunction obtained by Jos. H. Oglesby from Judge Hawkins restraining the city from receiving Metropolitan Police Warrants has produced considerable stir. The brokers have taken advantage of this bombshell, and some of them listened to its explosion in great glee. It is stated one Mr. Straus unloaded several thousand dollars worth, just at the very hour the injunction had been issued, to another broker, who felt somewhat chagrined to know shortly afterward he had paid 781 cents for what had become so suddenly depreciated. UNITED STATES CIRCUIT COURT. Judge Woods was engaged in listening to the argument of Hon. T. J. Semmes in the telegraph case between the Western Union Company and the Southern Atlantic, a rival line. The day will be fully occupied by this case. Judge Woods yesterday entered the following order: "Ordered, That whenever a Commissioner of the United States for this District shall, conformably to the provisions of section 1042 of the Revised Statutes of the United States, discharge from imprisonment a poor convict sentenced by this Court, or by the District Court, to pay a fine, or fine and costs, they shall forthwith report such proceedings to the District Attorney, and of this District to the Attorney General of the United States." 5 In the case of Miltenberger & Norton vs. W. N. Mercer, on motion it was ordered that the executors of Dr. Mercer. Pierce Butler and I Wilmer Shields, be made defendants. Frank F. Case, Receiver, US. Henry Abraham et attorneys for complainants in this case have filed a motion setting forth that the suit is instituted to enforce the liability of share-holders in the Crescent City National Bank to contribute to the payment of the 1: debts of this bank, and that a large number 11 of the defendants are not yet served, and that it is necessary in order to establish their liace bility that they should be; it was ordered that subpœnas to all defendants not heretofore served, have time until the 15th day of March for taking proofs, and that F. A. Woolfley, Esq., be appointed special examiner. 7 In the cases of Cockrem, Receiver of New Orleans National Bank, vs. several defendants, he court ordered that owing to the absence of the judge of this court, the time for taking vidence be extended until the first Monday


Article from New Orleans Republican, June 3, 1875

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Article Text

COURT RECORD. WEDNESDAY, JUNE 2. 1875. United States Circuit Court. Present Hon. W. B. Woods, circuit judge. G. W. Hall VS. W. H. Keys, sheriff, etal.Suit diemissed and injunction dissolved. Bertrand Saloy vs. Louis Fassmacht.Preliminary injunction issued restraining the seizure and sale of the Orange Grove plantation. John Cockrem. receiver, N. W. Casey substituted, vs. C. Cavaroc & Son: National Park Bank; L. Schneider: F. Schuchadt, taken under advisement. Arthur Shiff VE. Desire A. Chaffraix.Title to the property in square bounded by Roman, Conti, Basin and Bienville streets decreed to be in defendent, the purchase money to be due to plaintiff, and decreed to be'a mortgage on the property, to be paid in sixty days. F. F. Case, rceiver Crescent City National Bank. vs. Henry Abraham et al.-Decree that each share to pay seventy per cent on the par value of bank stock, distributed as follows: Arthur Olivier, 5 shares; M. Schuppert, 1; James Bogart, 3; Cohen & Seligman, 10; W. E. Pendleton. 3; James Baruwell, 2, Cobb. Dolkonde & Co., 5; Mrs. D. Goodman, 2; Thomas J. Cooley, 4: Jessie K. Bell, 30; Behan, Thorn & Co., 24; William Gregory, 1; E. B. Hogan, 1 1 5; Francois Lacroix, 20; John McIntosh, 2; T. Y. P. Freeman, 1: Mrs. Mary R. Palms, 5; H. T. Vinard, 5; J J. Warren, 5; Association for Benefit of Jewish Widows and Orphans, 2; Touro Infirmary, 10; Percy Roberts, assignee, 50; the amounts to be paid within twenty days, or fieri facias to issue. Superior District Court. State ex rel., Loring D. Allen, and twentytwo others.-Mandamus made peremptory, commanding the city to pay $1000 per annum, each, for relators' services as police officers detailed for duty at the courts and with the Board of Health in the same manner the judges and clerks of the municipal courts and sanitary inspecters are paid. First District Court. PLEADED GUILTY. John Reynolds, of assault and battery. NOLLE PROSEQUI ENTERED. Celina Harris, assault and battery. ACQUITTED. John Lazarus, of assault and battery. CONVICTED. C. H. Miller and A. Anderson, of petty larceny; F. Tortorichi, of assault with a dangerous weapon. Fifth District Court, John Cockrem. receiver New Orleans National Bank. vs. Fairbanks & Gilman.Verdict for plaintiff for $10,087 22, funds drawn by defendants in excess of deposite, and accepted by the bank for the honor of drawers. Sixth District Court, Alexander Walker vs. H. C. Warmoth and A. M. Holbrook.-Intervenor, Thomas Barnes, adopts plaintiff's allegations, and alleges he owns two shares in the Picayune Printing Company, worth 2-120 of the whole, or $750 per share; that through the illegal, improper and fraudulent acts and conduct of A. M. Holbrook, president of the said Picayune Printing Company, aided and instigated by H. C. Warmoth and others, interposed as stockholders, the whole property, assets, good will and material of the said corporation have, by false, fraudulent and simulated acts and transfers, been put into the possession, centrol and under the nominal proprietorship of the said A. M. Holbrook, in pretended compensation of a certain bond which had been assumed as a personal debt by said Holbrook, and for which the said Picayune Printing Company was in no way liable. That the effect of these unwarrantable, fraudulent and similated transactions is to absolutely and entirely destroy the rights and interests of petitioners and of all other stockholders, and pass over the entire establishment, with all its stock, material and good will to the said Hol-