7733. Teutonia National Bank (New Orleans, LA)

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1747
Charter Number: 1747
Start Date: September 25, 1873
Location: New Orleans, Louisiana (29.955, -90.075)

Metadata

Model: gpt-5-mini
Short Digest: 4e2a59bf

Response Measures

None

Description

The articles describe multiple episodes for the Teutonia National Bank. In 1873 the bank joined other New Orleans banks in a city-wide, precautionary 30-day partial suspension tied to Northern banks' troubles (macro/systemic). In 1874 the Teutonia was placed into voluntary liquidation (suspension/closure) after losses tied to suspended commercial firms and heavy withdrawals; the Controller authorized liquidation rather than appointment of a U.S. receiver. Separate later articles (1912-1913) describe a distinct failure/receivership tied to embezzlement and criminal prosecutions; that 1912 collapse resulted in a receiver and dividend payments. I classify the overall outcome as suspension_closure because the bank was placed in liquidation/closed in 1874 (and later definitively failed/was placed in receivership in 1912). Dates are taken from the publication dates and internal article references.

Events (10)

1. December 5, 1870 Chartered

Source: historical_nic

2. September 25, 1873 Suspension

Cause: Macro News
Cause Details: Precautionary 30-day partial suspension by New Orleans banks in response to partial suspension of currency payments by Associated Banks of New York and other northern cities
Newspaper Excerpt: it was resolved to pay no check for more than $100 ... The undersigned, incorporated banks and bankers of the City of New-Orleans ... partially suspending payment of currency upon their demand obligations
Source: newspapers

3. August 29, 1874 Suspension

Cause: Local Banks
Cause Details: Voluntary liquidation/suspension precipitated by losses tied to suspension of large commercial houses (Allen, Poole & Co. of Texas and C. Mehle & Co. of New Orleans) and heavy withdrawals; bank sought rediscounting help and stockholders voted for liquidation
Newspaper Excerpt: the Controller of the Currency has authorized the institution to go into voluntary liquidation ... The deposits have been drawn down to a very low point ... the bank to accept the offers of the Germania, Canal, State National, Union National and Metropolitan Banks to rediscount its portfolios.
Source: newspapers

4. August 30, 1874 Other

Newspaper Excerpt: The Teutonia National Bank has been honorably and satisfactorily settled ... the Controller of the Currency has authorized the institution to go into voluntary liquidation ... deposits have been drawn down to a very low point ... offers ... to rediscount its portfolios. The bank now calls upon depositors to withdraw their balances, and upon all creditors to present their claims for immediate settlement.
Source: newspapers

5. September 2, 1874 Other

Newspaper Excerpt: two-thirds of the votes of the stockholders of the Teutonia National Bank have been obtained in favor of placing the institution in voluntary liquidation ... the total indebtedness of the bank is now only $4500 ... great probability of the stockholders being paid a handsome dividend
Source: newspapers

6. September 2, 1874 Voluntary Liquidation

Source: historical_nic

7. September 23, 1874 Other

Newspaper Excerpt: The Teutonia National Bank has paid all of its deposits, except the trifling amount of $171, and the Government has sent $200,000 of United States Bonds ... to be disposed of to redeem the bank's circulation of $100,000.
Source: newspapers

8. April 20, 1912 Receivership

Newspaper Excerpt: the closing of the Teutonia Bank of New Orleans by the State Bank Examiner and the disclosure of embezzlements ... The Teutonia Bank, of New Orleans, has been placed in the hands of a receiver, an investigation by the state bank examiner ... having disclosed gross mismanagement and crookedness ... T. Walter Danziger is receiver for the broken bank ... depositors will receive fully fifty per cent of their claims. Criminal charges are pending against President Eugene Buhler ... Cashier W. E. Dunn ... have acknowledged falsifying books and securities ... resulted in impairment of the capital and resources to the extent of approximately $800,000.
Source: newspapers

9. August 15, 1912 Other

Newspaper Excerpt: Hundreds of depositors ... crowded through the doors of the defunct Teutonia bank here today when the first dividend, amounting to 25 per cent, was paid by the receiver.
Source: newspapers

10. February 6, 1913 Other

Newspaper Excerpt: A verdict of guilty was returned in the case of Eugene F. Buhler ... The trial brought to light many startling disclosures ... more than $300,000 in practically worthless paper was in the vaults ... former Cashier Brand ... had made way with about $60,000.
Source: newspapers

Newspaper Articles (20)

1. September 26, 1873 New-York Tribune New York, NY

Article from New-York Tribune, September 26, 1873

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IN LOUISIANA PARTIAL BANK SUSPENSION IN NEW-ORLEANS. NEW-ORLEANS, Sept. 25.-At a meeting this morning of all the bank presidents in the city except two, it was resolved to pay no check for more than $100. All larger cheeks are to be certified, and the arrangement to continue 30 days. This action is considered precautionary to prevent a drain. The merchants generally approve of the course the banks have taken. It is understood that a meeting of the Cotton Exchange will be called to-morrow to approve of their action. There IS nothing doing on 'Change. There is no unusual excitement about the banks. p n.-The following address was issued by the banks of this city to-day The undersigned, incorperated banks and bankers of the City of New-Orleans, desire to inform the community of The motives which actuate them in partially suspending payment of currency upon their demand obligations, owing to a partial suspension of currency payments by the Associated Banks of New-York and other Northern cities and the consequent refusal of the West ern and other banks to receive checks on New-York, as in the regular course in the settlement of collections made here for their account. It is ascertained that a very large remittance of currency hence has been made upon peremptory orders within the past five days. To such an extent indeed has this prevailed that at the same rate only a few days must elapse before our vaults and the community would be entirely depleted of the means essential to the ordinary movements of trade. At the present moment foreign exchange is unsalable in New-York, and as we derive from this source our main supply of currency, we are now thus deprived of our only means of restoring the amounts lost by shipmeats to the West and the interior. We have therefore taken this step as a means of self-protection, and for the benefit of the agricultural as well as the commercial interests, and as the only means through which the incoming crops can be moved without ruinous sacrifice in prices. The duration of this protective policy is limited to a period of 30 days, during which time we are conftdent that the daily receipts of cotton and sugar will afford us a prompt and ready relief, and compel curreney to seek this market. New-Orleans Nat'al Bank. Citizens' Bank. Bank of America. Union National Bank. New-Orleans Nat. Banking Germania National Bank. Association. Teutonia National Bank. Canal Bank. Louisiana National Bank. Mutual National Bank of Hibernian National Bank. America. Bank of Lalayette. State National Bank. People's Bank. Pike Bros. & Co., bankers. Clearing-house certificates at the rate of 75 cents on the dollar will be issued on sollaterals deposited by banks, and certified checks of the Cleaning-house will be used instead of currency.

2. October 4, 1873 Rapides Gazette Alexandria, LA

Article from Rapides Gazette, October 4, 1873

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The Banks of New Orleans. ADDRESS OF THE PRESIDENTS. The undersigned, incorporated banks and bankers of the city of New Orleans, desire to inform the community of the motives that actuate them in partially suspending the payment of currency upon their demand obligations. Owing to the partial suspension of currency payments by the associated banks of New York and other Northern cities, and the consequent refusal of Western and other banks to receive checks on New York, as in regular course in settlement of collections, made here for their account, it is ascertained that very large remittances hence have been made upon peremptory orders within the past five days. To such any extent, indeed, has this prevailed, that at the same rate only a few must before our would be entirely days community elapse vaults depleted and the of the means essential to the ordinary movements of trade. At the present moment, Foreign Exchange is unsalable in New York, and as we derive from this source our main supply of currency, we are now thus deprived of our only means of restoring the amounts lost by shipe ments to the West and to the interior. We have therefore taken this step, as a h means of self-protection, and for the benefit r of the agricultural as well as commercial e interests, and as the only manner through 11 which the incoming crops can be moved r without rninous sacifices in prices. The duration of this protective policy is al limited to a period of thirty days, during is which time we are confident the daily red ceipts of cotton and sugas will afford us a of prompt and ready relief, and compel eurVrency to seek this market. d CITIZENS' BANK. is UNION NATIONAL BANK. ed GERMANIA NATIONAL BANK. ry TEUTONTA NATIONAL BANK. rLOUISIANA NATIONAL BANK. nd HIBERNIA NATIONAL BANK. isBANK OF LAFAYETTE. esSTATE NATIONAL BANK. le NEW ORLEANS NATIONAL BANK. atBANK OF AMERICA. ey he N.O. NATIONAL BANKING ASSOCIATION for CANAL BANK. MUTUAL NATIONAL BANK. PEOPLE'S BANK. of PIKE, BROTHERS & Co., Bankers. all tes At a meeting of the Associated Banks the held this days, itawas. try Resolved, That all deposits made hereaf ter shall be paid its kind, and that againa previous deposits no check exceeding twen ion (25) dollars will be paid in curren the to any one depositor on the same day. LOWIS SCHNEIDER, inGEO JONAS, and PAT. IRWIN, ons Trustees. mClearing House, September 25, 187 nes

3. August 29, 1874 New Orleans Republican New Orleans, LA

Article from New Orleans Republican, August 29, 1874

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Shotguns and Bank Balances. The mind of the Northern or European may fail to note the close connection between the clauses of the above caption, save in the way of "stand and deliver." However, those who have capital invested in the Southern States and those allied to peace and order, who dwell therein, are perfectly and painfully cognizant of the antagonistic relations of the above two forces. Capital, every one knows is timid; caution is the touchstone of success for the capitalist. The expose of the White League, lately published in the REPUBLICAN, demonstrates the fact that the shotgun party essays to rule. Capital has shrunk abashed, or vanished utterly. It will no donbt be denied by those who are leagued with the shotgun legion that the two clauses of the proposition are correlative, and that the latter is swayed by the former. No one, however, will gainsay the facts as LOW set forth. Four days ago the Teutonia National Bank of this city forfeited its charter on account of violation of the national banking law. The president has been retired, and day before yesterday the back stopped receiving de posits. Application has been made for a voluntary liquidation, but appearances indicate that a government agent will be put in charge. Another one of our national banks has been hard hit by the suspension of a large Texas firm. A prominent State bank is anxiously regarded, and it is hinted that its case will form a staple for action at the next session of the Legislatare. Messrs. Chris. Mehle & Co., engaged heavily in the cattle trade, are involved by the suspension of the house of Allen, Poole & Co., of Galveston. The interest of the first named with the latter firm is estimated at $250,000. The house of Allen, Poole & Co. have resumed on an extension of one, two and three years. It is sincerely hoped that the New Orleans firm will be in a condition to resume next week. Yesterday was one of the dullest in financial matters ever known here. Bank stocks were regarded with holy honor. So much for immediate effects and obstinate facts. If the causes of this financial crisis are denied, the question arises, then, what is the reason of this? Should the White League planter, to whom a merchant has advanced some thousands of dollars, unite himself with a shotgun band and kill his laborers or drive them off for not voting his way ? How is the merchant to be paid ? Won't the merchant think of this before he makes any advances, and won't the banker ponder the problem before he discounts the merchant's paper? Recent events prove that they havn't thought of the matter in this light heretofore. But the long faces on 'Change yesterday showed that all hope in shotguns was gone and faith in peace and order and love of prosperity restored.

4. August 29, 1874 New Orleans Republican New Orleans, LA

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NEW ORLEANS CLEARING HOUSE. Clearings. Balances. August 22 $521,585 17 $71,572 37 August 24 496,548 74 100,699 4 584.762 36 August 25 104,441 56 August 26 410,890 02 38,665.16 372,917 97 August 27 79,746.00 373,751 71 59,971 21 August 28 Total this week $2,765,456 504,095 79 Total last week 3.290.756 92 510,096 66 Total week before 3,724,544.54 493,819 21 We are officially informed that thue far the Teutonia National Bank has pr mptly met all checks of depositors, and has ample assets to cover the balances undrawn. We have been aware of the embarasements of this institution for several days, but omitted to take notice of them, being officially assured that if the bank was not pressed, it would be amply able to meet its liabilities, and, agreeably to the earnest desire of the stockholdera. wind up its affairs to the satisfaction of its creditora, without the aid of a United States receiver. Gold opened at 1091,@10934. against 109% at New York, and after a fair business closed at the opening rates. The sales summed uo $53,000. embracing $11 at 109 is $4000 and $11,000 at 1093, $9000 and $10,000 at 109% and $3000 and $5000 at 109 5. No sales of silver were reported. American half dollars were still quoted at 1031041/2, and Mexican dollars at 971/2 gold. Sterling exchange was a 1-10 ₽ cent higher. The sales comprised £14,000, embracing £5500 bill of lading at $531. £ 500 do at $5321/2, and £4000 do at $5.33% Nothing transpired in france, and rates were unchanged. At the closesterling bills were quoted at $5 31 1/2 @5 33 for bill of lading and Al clear. and $5.37 for bank. and france nominal at 4.721/2 for private and - for bank. The offerings of domestic exchange continued light. and with a moderate demand rates were unchanged. The only sales of New York sight were $10,000 and $20.000 bank at 5-16 ₽ cent premium. The banks continued to check on New York at % cent premium. and commercial sight was still quoted at is @5-16. In stocks we noticed sales of 50 shares New Orleans City Railroad Company at $150. The sales of bonds included $3000 city gold bearing seven per cents at 42 3/4 and two other lots at 43 and 43 k. Quotations are nominal. We also heard that the new State bonds had been offered as low as 24 Nothing worthy of notice transpired in city scrip. City appropriation certificates, Metropolitan Police warrants and time certificates of 1873 continued nominal at about 46 for round lots. There is no market for State warrants, which are still queted nominal at 30@31 for large, 32@33 for medium, and 31@36 for small. NOTE-It can hardly be said that there is any market for securities. All classes are lifeleas, and sales can not be forced unless at very low rates. Quotations are nominal.

5. August 30, 1874 The New Orleans Bulletin New Orleans, LA

Article from The New Orleans Bulletin, August 30, 1874

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As the voluntary liquidation of the Teutonia Bank, caused by the suspension of Allen, Poole & Co., of Texas, and C. Mehle & Co., of this city, and many reports are in circulation as to the amount of that paper held by other banks of our city, we have ascertained from authority, entirely reliable, that the amounts held by the following banks, will not exceed say Louisiana National 16,000 Canal Bank 5,500 Bank of America 5,000 5,000 Metropolitan and Loan Associati'r. The indorsers upon these amounts will no doubt meet them at maturity, and the banks will not lose a dollar. The following banks have not a dollar of the paper referred to, either as owners or discounters : State National, Germania National, Hibernia National, New Orleans National, Citizens', Mechanics and Traders', Mutual National, Union National.

6. August 30, 1874 New Orleans Republican New Orleans, LA

Article from New Orleans Republican, August 30, 1874

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# MONETARY. OFFICE OF THE DAILY REPUBLICAN.} SATURDAY EVENING, August 29, 1874.3 The money market is quiet and unchanged. The offerings are of fair extent at the banks, and mod- erate on the street, while the rates of commercial paper continue without apparent variation. We continue to quote selected signatures, with or with- out collaterals at 9@10 cent per annum; first class at @11; A1 at 12@-, and second grade at 1½ cent per month. First class mortgages are still quoted at about 10 cent per annum, and second grade at -. # NEW ORLEANS CLEARING HOUSE. Clearings. Balances. August 29... $496,710,87 $78,720 61 Same time last week... 521,585 17 71,572 00 Total last week... 2,765,456 47 504,095 79 Total week before. 3,290,756 92 510,096 66 We are indebted to Mr. I. N. Maynard, manag- er of the New Orleans Clearing House, for the follow- ing comparative statement of the associated banks for the week ending August 29: Increase. Decrease. Specie... $30.000 Currency 145,000 Loans.. 90.000 Deposits. We are gratified to learn that the affairs of the Teutonia National Bank have been honorably and satisfactorily settled. On the report, we presume, of the bank examiner and other evidence, the Controller of the Currency has authorized the in- stitution to go into voluntary liquidation, which would not have been done had not that officer been satisfied of the good faith and integrity of the present management. Otherwise a receiver would have been appointed. Nothing now remains but for the stockholders by their votes on Tues- day to authorize the liquidation, to which, of course, they will assent. The deposits have been drawn down to a very low point, but in order to enable the bank to pay all it has been necessary for it to accept the offers of the Germania, Canal, State National, Union National and Metropolitan Banks to rediscount its portfolios. The bank now calls upon depositors to withdraw their balances, and upon all creditors to present their claims for immediate settlement. it would be difficult to find in the annals of banking under the national banking law an instance in which a bank has been liquidated more creditably, for which much is due to the confidence reposed in the cashier, and that officer's energy and perseverance. Gold continued to rule at 109¼ @109¾ in this mar- ket and 109¼ in New York. The business was of moderate extent, being confined to $19,000, em- bracing $1000 at 109¼, $8000 at 109⅜, $5000 at 109½, and $6000 at 109⅝. No sales of silver were reported. American half dollars were still quoted at 103½ @104½, and Mex- ican dollars at 97½ gold. Nothing transpired in city scrip. City appropria- tion certificates, Metropolitan Police warrants and time certificates of 1873 are now quoted nominal at 45@46. Old State warrants are still quoted nominal at 30@31 for large, 32@33 for medium, and 34@36 for small. No sales are reported. New State warrants are entirely nominal. Foreign exchange was without quotable varia- tion. The only sale of sterling reported was £1000 bill of lading at $5 33, but nothing transpired in francs. At the close sterling bills were still quoted at $5 31½@5 33 for bill of lading and A1 clear, and -@$5 31 for bank, and francs nominal at 4.72½ for private and - for bank. The offerings of domestic exchange continued quite limited, and with a moderate demand rates were without quotable variation. The only sales of New York sight reported were $25,000 commer- cial at 9-32 cent premium and $35,000 bank at 5-16. The banks continued to check on New York at ⅜ cent premium, and commercial sight was still quoted at @5-16. Nothing transpired in stocks. In bonds we noticed a better feeling in city gold bearing seven per cents, which were, however, without quotable variation, being still quoted nominal at 43@44. The sales included $2000 at 42¾, and $1000 at 43⅛.

7. September 3, 1874 New Orleans Republican New Orleans, LA

Article from New Orleans Republican, September 3, 1874

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NEW ORLEANS CLEARING HOUSE® Balances. Clearings $78,720 61 August 29 $496,710,87 93,970 26 494,423.63 August 31 719 076 86 $6,825 33 September 1 29,175 18 515,505 411 September 2 Thus far this week $2,215,781 75 $293,691 38 2,013,786 79 Same time last week 365,378 58 Total last week 504,095 79 2,765,456 48 Total week before 3,290,756.99 $10,096 66 We learn that two-thirds of the rotes of the stockholders of the Teutonia National Bank have been obtained in favor of placing the institution in voluntary liquidation, and that the necessary papers will be forwarded to the United States Treasurer this evening. The total indebtedness of the banki is now only $ 4500. The board of liquidation is composed of the directors and four come missioners on the part of the stockholders Mr. F. P₈ Beck is the efficient secretary of the board. We also learn that there is a great probability of the stockholders inkg paid a handsome dividend on their shares. Owing to a combination of unfortunate circumstances and unfounded rumors, the depositors of the Citizens' Bank have been for some time gradually losing confidence in the institution, and with drawing their deposits. On the fifteenth of August the latter had been reduced to about $500,000, and on ascertaining. this morning that while they had been drawn to $270,000, the cash fund on hand was insufficient to cover them, it was determined to suspend payment. But up to a late hour this evening it was still undetermined whether the sus pension should be temporary or permanent. We learn that a meeting of the Clearing House was held this afternoon, at which a committee was appointed to examine the affairs of the suspended bank and report at an early day what can be done for its relief We are officially informed that the assets will more than cover the liabilities, and are composed principally of mortgages and real estate. The bank promptly met its balances at the Clearing House this morning. The assets and liabilities, secording to the Clearing House statement of Friday evening showed the following:

8. September 3, 1874 The New Orleans Bulletin New Orleans, LA

Article from The New Orleans Bulletin, September 3, 1874

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MONETARY. OFFICE NEW ORLEANS BULLETIN, } Wednesday Evening, September 2, 1874. NEW ORLEANS CLEARING HOUSE. Balances. Clearings. $78,720 61 $496,710 87 August 29 98,970 26 494,488 63 August 31 86,825 33 719,076 84 September 1 29,175 18 515,505 41 September 2 38 293,691 Thus far this week 2,215,781 75 58 365,378 Same time last week 2,013,78 79 79 504,095 Total last week 2,765,456 47 66 510,096 Total week before 3,290,756 92 The Money market exhibited but Ittle animation to-day. The offerings at the banks were moderate and rather limited on the street, while the rates of commercial paper were without quotable variation. We continue to quote selected signatures, with or without collaterals, at 9@10 P cent per annum firstclass at -@11, A1 at 12@-, and second grade at 1 ₂ P cent per month. First-class mortgages are still quoted at about 10 P cent per annum, and second grade at We learn that tw -thirds of the votes of the stockholders of the Teutonia National Bank have been obtained in favor of placing the institution in voluntary liquidation, and that the necessary papers will be forwarded to the United States Treasurer this evening. The total indebtedness of the bank is now only $4500. The Board of Liquidators is composed of the directors and four commissioners on the part of the stockholders. Mr. F. P. Beck is the efficient Secretary of the Board. We also learn that there IS a great probability of the stocs holders being paid a handsome dividend on their shares. Owing to a combination of unfortunate circumstances and unfounded rumors, the depositors of the Citizens' Bank have been for some time gradually losing confidence in the institution, and withdrawing their deposits. On the 15th of August the latter had been reduced to about $500,000, and on ascertaining this morning that while they had been drawn to $270,000, the cash fund on hand was insufficient to cover them, it was determined to suspend payment. But up to a late hour this evening, it was still undetermined whether the suspension should be temporary or permanent. We learn that a meeting of the Clearing House was held this afternoon, at which a committee was appointed to examine the affairs of the suspended bank and report at an early day what can be done for its relief. We are officially informed that the assets will more than cover the liabilities, and are composed principally of mortgages and real estate. The bank promptly met the balances at the Clearing House this morning. The assets and liabilities, according to the Clearing House statement of Tuesday, showed the following :

9. September 6, 1874 The New Orleans Bulletin New Orleans, LA

Article from The New Orleans Bulletin, September 6, 1874

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# Our National Banks and the Protection Offered by them to Depositors. In view of the liquidation of the Teutonia National Bank and the suspension of the Citizens' Bank, it is well that the security afforded by the laws of the United States to parties depositing money in National Banks should be generally known. By express provision of the act of Congress of the United States, creating National Banks, depositors are preferred creditors in the event of failure of any National Bank No better illustration can be given than the recent event in the above named institution. In the case of the Teutonia National Bank, the deposits had to be paid or there could be no liquidation by the stockholders. In the other case, the depositors, though not losing in the end, must take the regular course of liquidation with other creditors. It may be well to remember that with the National Banks all the assets and all the stock is liable for deposits, and though it may be a position of responsibility under the laws of the United States to be a stockholder in a National Bank, there can be no risk to be a depositor. We look to see all our banks national in the end. "SECURITY."

10. September 11, 1874 The Opelousas Journal Opelousas, LA

Article from The Opelousas Journal, September 11, 1874

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Shotguns and Bank Balances. [From the New Outenns Republican.) The mind of the Northern or European may fail to note theiclose connection between the clauses of the above caption save in the way of stand and deliver." However, those who have capital invested in the Southern States and those allied to peace and order, who dwell therein, are perfectly and painfully cognizant of the antagonistic relations of the above two forces. Capital, every one knows is timid caution is the touchstone of success for the capitalist. The expose of the White League, lately published in the Republican, demonstrates the fact that the shotgun party essays to rule. Capital has shrunk abashed, or vanished utterly. It will no doubt be denied by those who are leagued with the shotigun legion that the two clauses of the proposition are correlative, and that the latter is swayed by the former. No one, however, will gainsay the facts as now set forth. Four days ago the Teutonia National Bank of this city forfeited its charter on account of violationof the national banking law. The president has been retired, and day before yesrerday the bank stopped receiving deposits. Application has been made for a voluntary liquidation, but appearances inilicate that a government agent will be put in charge. Another one of our national banks has been hardhit by the suspension of a large Texas firm. A prominent State bank is anxiously regarded, and it is hinted that its case will form a staple for action at the next session of the Legislature. Messrs. Chris. Mehle & Co., engaged heavily in the cattle trade, are involved by the suspension of the house of Allen, Poole & Co., of Galveston. The interest of the first named with the latter firm is estimated at $250,000. The house of Allen, Poole & Colhave resumed on an extension of one, two and three years. It is sincerely hoped that the New Orleans firm will be in a condition toresmine next week. Yesterday was one of the dullest in financial matters ever known here. Bank stocks were regarded with holy horror. So much for imediate effects and obstinate facts. If the causes of this financial crisis are denied, the question arises, then, what is the reason of this Should the White League planter, to whom a merchant has advanced some thousands of dollars, unite himself with a shotgun band and kill his laborers or drive them oft for not voting his way ? How is the merchant to be paid ? Won't the merchant think of this before he makes any advances, and won't the banker ponder the problem before he discounts the merchant's paper? Recent events prove that they havn't thought of the matter in this light heretofore. But the long faces on 'Change yesterday showed that all hope in sljotguns was gone and faith in peace and order and love of prosperity restored.

11. September 23, 1874 The New Orleans Bulletin New Orleans, LA

Article from The New Orleans Bulletin, September 23, 1874

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MONETARY. OFFICE NEW ORLEANS BULLETIN, Tuesday Evening, Sept. 22, 1874. NEW ORLEANS CLEARING-HOUSE. | | Clearings. | Balances | | ---------------- | ------------- | ------------- | | September 19 | $742,790 67 | $112.870 90 | | September 21 | 657,003 27 | 42,558 88 | | September 21 | 607,455 91 | 83,725 53 | | Thus far this week | 2,007,249 85 | 239,155 31 | | Same time last week | 1,731,230 02 | 229.065 13 | | Total last week | 3,351,950 88 | 495.699 23 | | Total week before | 3,823,774 49 | 463,220 80 | The Money market continues quiet. The demand for business is of fair extent at the banks, and we notice some increase in the offerings on the street, but nothing has transpired to establish any variation in the quotations for commercial paper, which are nominal. We continue to quote selected signatures, with or without collateral, nominal at 10 ⅗ cent per annum: first-class at 11@14, A1 at 1@18, and second grade at 2-⅗ cent per month. First-class mortgages are still quoted at 10 ⅗ cent per annum, and second grade at -. We learn that the Teutonia National Bank has paid all of its deposits, except the trifling amount of $171, and that the Government has sent $200,000 of United States Bonds (which the bank had on deposit in Washington) to the Merchants' Exchange National Bank, at New York, to be disposed of to redeem the bank's circulation of $100,000. Considering the few weeks in which the bank has been in liquidation, this is certainly a very gratifying exhibit. It is now evident that the bank will be able to pay a larger dividend to the shareholders than was expected at the time of the suspension. We notice that since the Citizens' Bank obtained an appeal to the Supreme Court, its officers have been a industriously engaged in the liquidation of its affairs. Gold opened at 109¼@102½, against 109¼ at New York, and after a fair business, closed at 109¼@109½, against 109⅜ in that market. The sales summed up $46,000, embracing $15,000 at 109¼, $10,000 at 109⅜@109½, and $3000 and $18,000 at 109½. Nothing transpired in Silver. American half dollars are still quoted at 105@105¼, and Mexican dollars at 96, gold. Under the influence of the decline in Domestic Exchange, sterling closed 2-10 ⅗ cent lower. The sales amounted to £30,500, embracing £800 and £1200 A1 clear at 5.25, £2500 bill of lading at 5.25@5.25½, £9000 do and £10,000 A1 clear at 5.26, and £6000 A1 clear at 5.26¼. Francs were also materially lower, but the only sale reported was 75,000 co am reist at -. At the close sterling bills were quoted at 5.25@ 5.26 for bill of lading and A1 clear, -@5 31 for bank, and francs at 4.80@4.78½ for private and for bank. The offerings of Domestic Exchange were of fair extent, and, with a moderate demand, rates were about 1-16 ⅗ cent lower. The sales of New York sight covered $70,000, embracing $10,000, $30,000 and $30.000 commercial at par. The banks continued to check on New York at ⅗ cent premium, while commercial was quoted at - discount@par. No sales of Stocks are reported. We noticed more inquiry for City Gold Bearing Seven Per Cents, the sales of which included $6000 at 37, and $1000 and $4000 at 37½. Last week there were sales at 37¼ and 38. Nothing transpired in City Scrip or State Warrants, the quotations of which continue entirely nominal.

12. April 9, 1875 New Orleans Republican New Orleans, LA

Article from New Orleans Republican, April 9, 1875

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UNITED STATES DISTRICT COUR DISTRICT OF LOUISIANA. q8nH 'BA IN THE MATTER OF TEUTONIA bankrupt. NATIONAL BAN In Bankruptcy-No. 1422 THE HONORABLE THE United JUDGE States OF for TE " Buttle District ONE 10 V N pus Ruseell 10 petition of Berry herein appearing as assigned city of New Orleans, estate of Hugh Cassidy 37 Duows 1847 represent our JO u: bankrupt, respectful by the bankrupt, and belongin assets surrendered in bankruptcy, there is to the aforesaid state real estate, situated in following described of Orleans to with Louisiana, in theparish with the building runbs eqf u! a puners 10 401 certain V STATE and improvements thereon, Carondelet, Gravier and 8t dese bounded by Union. District of this city. streets, First of Joseph Pilie, at nated Charles as lot No. as per plan before G. R. Stringer new 40[ pres euro passed 108 us 04 nexed April 13, 1832. and notary public, on front on Gravier street, on . Aq ON 401 ] The 61 Molpe opin opis equal uo sam and . Lq offsoddo eq1 no pus 4001 L8 papuneq measuring of Steptoe Blackwell feet ing the property oward Union street, thence feet 62 should 1001 inches with the rear running toward St. Charles street, line. which inches to its intersection which was purchase uoreq 100 4q the SV measures from John Hincks, . Aep 183g Striet one no (pissed 43nH O 49 shipping Carent eqf que 4q papunoq 'punos' JO tot certain '9981 March V 'd thereon. in the square Charles streets, in the First paid red 18 pus 00 % ON 10[ se UMOUR 1 delett pessed 100 de persuue And sith 10 Pistrict -2141 eq: JO Piller before and measures of G. Joseph R. inger, notary public. 25 feet front on regi one no TIPIM III 2333 Applical 10 ear opts equal request 100) 16 ternth no 1001 18 10 Granter by a depth inches the ideadjoin**** more Cassid urna 49 Joes 1610 puw laug lot No. No. Purchased by W. Pritchard, by act before M. inglot Wrav, William wife L. of Poole, George notary. of the fourteenth 041 4114 "ринол" 10 6981 10 puoces eq: 01 personsis 101 cortain V "E 30 opis unread eq: pus street, pus no And git[] JO District mon T sq UMSJP used Canal neem "100218 Jo ON 401 98 designated of the fifteenth Labarre, d 'd je ecgo and 6 10+1 ZE on III Annual measures pus personded pue 1844 late notary lines in front this on city Dorgenois street by 112 feet inches inches lines in depth. situated in the same 4. A certain lot of side ground. of Dorgenois street, be on the north streets known as district Customhouse Dor tween Canal and inches front on 37 feet depth. lot No. 8, measuring feet 9 inches lines in Purgenois street, by 112 lot above described. SA чо Pelix Mop!M eq: 01 continuos and chased by Hugh Cassidy by act from before R. Hogan, noand William L. Cheval seventh of August, 1873. tary on the wenty with the buildings siq2 10 puoces punors 10 #101 Three motorn) out at thereon, situated by Canal square bounded designated by city, in the and Broad streets, follows: house, Dorgenois and measuring as uo 10011 'II puw 01 "SON eq: back II pus of SON sent the gear a! 1001 001 [0] up 1001 001 6 ON street by Customhouse street by front on corner of Custom 30 feet lot No. 11 forming the Which three lots of house depth, and Dorgenois streets from Miss Peggy Cox by tery eq: no passposed 9.19M V before punor 10R of January 1866. ground in the square bounded by 6. Six lots of Canal and Dorgenois streets, red se '81 01 EI mon 'p8018 as lots Nos. fifteenth of March, tate equal jo TOURNOL 'S JO ecigo out N 10 paint 88 991 seem sq CI there 01 21 NON [01] :62 ON up and deposited '+98' notary 30 feet front on Custombouse parallel lines; No. feet ures inches in depth, lines between front on Customhouse 9.10M which qidep m inchea 100] £9 81 street by 156 feet Hugh inches Cassidy from the succession of purchased Millaudon, by April 19. further 1364. represents that the said of Γpecop Your petitioner described real estate is, as appears followon 4114 charged pus ing liens and hereinafter privileges specified resting thereon, and against Hugh The Cassidy to draining wit: privilege in favor of the of city John of New The Orleans conventional P. mortgage in Cuvellier, favor notary of N. Hincks by 1866 to act secure before $30 000, interest, etc., reN T to JOANJ up ON 40[ no '000 113 01 March peonp 04 'OLBT '12 JO notary eqL C Moore, before $10,000 on same same property in as favor above. of Widow secure The con tional W. J. mortgage Castell, notary of ON 40[ on no 04 exereq 108 4q Milicox 'a March The 1870, to ntional secure mortgage in before E. favor R. of Hegan. Widow UI pus 008$ secure 108 01 others 'C'81 pus 18n3nv Cheral JO Pelix Charles 10 JOANJ up moresage ON 40] 091 uo notary 199191 6. The conventional notary, December 1873, to Gallagher, act secure before $2500 and Mossy, interest on the lot 16, No. general mortgage in for favor of $2450. Margaret The of Hugh Cassidy E Du Hennessy, wife mor gage in favor of conven tional of February 21, 8. The Mossy, notary. No. 2. faur, act before and interest on thelot 9. The mor gages taxes: 1874. to secure $ 0,600 and privileges in favor of the 'SC 29% 1871 em 101 State State tax for 1871, #3 50. State tax for 50. State tax for 1872. $967 $870. State tax for 1873. $1482 50 103 And em JO JOAN (1) 1874 101 x61 STATE $37 10. 50, The The g recorded general February mortgage 14, in 1872 favor of the city for -91 Woode N "I JO JOANJ 'C981 10 sexes 40J 09 'II 19$ 12. The general one in issued from the Sixth District sulting the from welfth writ of May. 1874, on the lot of No. the city 13. Court The general mortgage in rendered favor the sixth NoDEM? eq: recepred pu" sexel '09 181812 JOJ 10J 1874 B most ty vember, eighth January 1875. office of the recorder of mortAll recorded in the Orleans as appears from gages of the city of annexed New hereto and made a part #1 jo # 1847 eq: determine peritioners certificate mos [lever] puv equal enp 01 meqt 101 qunome pus a 10 eqf includer pies that they can not between ascertain themselves and the credby agreement provided in section ty holding said security as 1867. And that it pies 10 enjwa 10 100 adnis neq eq1 8.1011 pe our ascertain 01 JO the JO Apeede pue redord "enp III eq1 10J pue one 101 puw * prop eq entate plus estate 1841 pies jo a the creditors therein, clear of all incumbrances. public auction, free and mortgages, liens and That all said judgments, against said property be canprivileges recorded 80 that your titioners can pur con celed and B1 ased. hered title to any MON jo city pue clear 02 pies 01 A"A chaser thereof, drainage and taxes, en 01 ***** 10J enp mne eq: 101 rleans John N. Hincks, to and the State, to to Widow Felix Cheval 04 pus "Я 01 a MODIM others, to Charles their rights in law. to the -eip eqf nodn Product pies 10 . alle one 10 other speeced 11 ibution thereof. petitioners pray that they may above be ne Product pies 11es 01 Thos ordered and authorized tion. free and clear from described at public auc judgments. mort incumbrances. That all said recorded against said zages, liens and and privileges erased. so that your peproperty be canceled and upincumbered convey clear said itioners can purchaser thereof, reserving to Hincks, title to any State, to J. N. Mop!M ent 01 01 (1 MopΓM MPN 10 All: others. to Charles 01 01 Moore N equal II" other pus Cheval *He Dufaur and to all of the sale of said property n° 103 on puv rank speeced their 01 on 01 ME! ther necessary orders. W O. DENEGRE, Attorney. 00 M jo 'O motion jo Denegre, attorney N. pus 'V 000071989 our ene the 01 Supersone uodn Seriy put MON jo ship paid has etition, it is ordered that the and city its city taxes, the N HITCH JOJ Sexel 811 10 tate of Louisiana John Widow Felix Cheval and others 19410 II" pas unsind 'a мор!д harles Gallagher, E. upon the twenty four before IV V 11 18 eeneo 1575 'a Moqs op ay eurt, of why April. the A. said petition prayed should for not and be that grant adord pies se plos Product a pu neumbrances recorded and erased. And it pur petition siti JO eq you pmou her ordered that notice of New Orleans, the served upon said city Hincks, J. N. Moore, W Louisiana John N. Felix Cheval and others, Ch Ed other II" pur MopΓM allagher and E. Dutaur, thereof upon them. their serving copy by publishing a copy MON one up seam 10 10 quest rededsment 8 etition and order three printed in New Drieans,

13. April 20, 1912 The True Democrat Saint Francisville, Bayou Sara, LA

Article from The True Democrat, April 20, 1912

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A WEEK OF HORRORS. The week has been full of sensations. In addition to the rack of interest about the rise in the Mississippi, not only at home but at other points, the flooding of towns and plantations in Arkansas and Northeast Louisiana, there has been the sensation of the closing of the Teutonia Bank of New Orleans by the State Bank Examiner and the disclosure of embezzlements whereby its liabilities may reach $850,000. But greatest of all horrors is the sinking of the steamship truly named "Titanic," by running into an iceberg, about 500 miles from Cape Race. The lost may reach the number of 1350, the larger number of whom were men, as the rule: "Women and children first" was strictly

14. April 27, 1912 The Donaldsonville Chief Donaldsonville, Gonzales, LA

Article from The Donaldsonville Chief, April 27, 1912

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FAILURE OF THE TEUTONIA BANK. The Teutonia Bank, of New Orleans, has been placed in the hands of a receiver, an investigation by the state bank examiner and the district attorney of Orleans parish having disclosed gross mismanagement and crookedness on the part of several of the institution's officers and employees, resulting in an impairment of the capital and resources to the extent of approximately $800,000. Criminal charges are pending against President Eugene Buhler, Vice President Adam Wagatha, Director Jos. H. Gomila, and former Assistant Cashier Frank J. Braud, while Cashier W. E. Dunn and Assistant Cashier A. E. Mazurette and two or three others have been placed under bond as material witnesses. Dunn and Mazurette have acknowledged falsifying books and securities for the purpose of deceiving the examiners, at the instance and with the knowledge of Buhler and Gomila, who were in complete control of the bank's affairs. T. ,Walter Danziger is receiver for the broken bank and is making such good progress in the work of calling in loans and utilizing resources that he feels confident the depositors will receive fully fifty per cent of their claims. It was at first feared that the failure was such a bad one the creditors could scarcely look for more than a ten per cent dividend. The collapse of the Teutonia naturally made many depositors in the other New Orleans banks uneasy, and some of the more timid began drawing out their deposits, but a rigid inquiry by the clearing house showed all the city's banks in sound condition, and public confidence is being rapidly restored.

15. May 11, 1912 The Colfax Chronicle Colfax, LA

Article from The Colfax Chronicle, May 11, 1912

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# No Use for a Bank Examiner. That the State has no use for a Bank Examiner and that it is a sinecure which ought to be abolished and his salary saved, has been conclusively demonstrated by the recent failure of the Teutonia Bank in New Osleans. The failure of this bank, in the manner by which it was accomplished, is the greatest scandal in the history of the banking business in this State, and perhaps, the greatest outrage upon the depositors, who are likely to receive but a small, if any portion of their deposits. The cashier, who had embezzled $60,000, was kept in employment for more than a year by a dishonest president and directory—who had alsó converted the bank's money to their own use and behoof—because, as alleged by them, his discharge "might create suspicion and cause a run on the bank." We assume that the bank examiner made the periodical examinations of this bank required by law during the existence of this peculation. He discovered nothing to create suspicion that any thing of a "crooked" nature was in operation. On the contrary, the investigation was either so superficial in character, or his ability so limited, that he found nothing of an irregular, much less of a peculative nature, on a scale of such magnitude, although the bank was in a wrecked condition. In fact, he was first "put onto the job," by being given "a tip" from the outside. Is the bank examiner giving the State value for what he receives from it, when he fails to detect the most notorious instance of bank pillage and wreckage in its history? Could he detect them if similar conditions existed in some other bank? There must be a remedy found, but it is a matter for legislative action. This official has been a failure in this case, and we must judge the future by the past, as to what may be expected of him hereafter. - Alexandria Democrat.

16. August 15, 1912 The Birmingham Age-Herald Birmingham, AL

Article from The Birmingham Age-Herald, August 15, 1912

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DEPOSITORS CLAMER FOR FIRST DIVIDEND New Orleans, August 14.-Hundreds of depositors representing all. classes and conditions in life crowded *through the doors of the defunct Teutonia bank here today when the first dividend, amounting to 25 per cent, was paid by the receiver. The Teutonia was closed several months ago by the state bank examiner coincident with the arrest of several of its officers on the charge of misappropriation. In this charge was included embezzlement of a large part of its available fund.

17. August 16, 1912 Pine Bluff Daily Graphic Pine Bluff, AR

Article from Pine Bluff Daily Graphic, August 16, 1912

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TEUTONIO BANK PAYS DIVIDEND TO DEPOSITORS New Orleans, Aug. 15.-Hundreds of depositors representing all kinds of conditions of life. crowded through the doors of the defunet Teutonic Bank here today, when the first div dend of 25 per cent was paid by the receiver. The Teutonic was closed several months ago by he State bank examiners, coincident with the arrest of several of its officers on the charge of misappropriation and embezzling.

18. February 6, 1913 The Neshoba Democrat Philadelphia, MS

Article from The Neshoba Democrat, February 6, 1913

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TWO NEW ORLEANS BANKERS CONVICTED EUGENE F. BUHLER AND JOSEPH GOMILA ARE ACCUSED. WILL BE SENTENCED LATER The President and Directors of the Defunct Teutonia Bank Accused of Receiving Deposits After bank Failed. New Orleans, La.-A verdict of guilty was returned in the case of Eugene F. Buhler, president of the defunct Teutonia Bank, and Joseph Gomila, director and chairman of the bank's finance committee, charged jointly with having received deposits knowing the institution to be in a failing condition. Sentence was deferred. The trial brought to light many startling disclosures of loose banking methods, "kiting," falsifying of records and other methods of frenzied finance resorted to by those at the head of the institution to keep it from going under. When bank examiners finally completed their investigation it was found that more than $300,000 in practically worthless paper was in the vaults. Many notes were signed by $75 a month clerks and others who testified that they never owned property and had no assets. It was also brought out that former Cashier Brand, who eighteen months before the bank suspended had made way with about $60,000, had been retained in the bank several months and his bond of $15,000 never collected.

19. February 7, 1913 Greene County Herald Leakesville, MS

Article from Greene County Herald, February 7, 1913

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TWO NEW ORLEANS BANKERS CONVICTED EUGENE F. BUHLER AND JOSEPH GOMILA ARE ACCUSED. WILL BE SENTENCED LATER The President and Directors of the De. funct Teutonia Bank Accused of Receiving Deposits After Bank Failed. New Orleans, La.-A verdict of guilty was returned in the case of Eugene F. Bubler, president of the defunet Teutonia Bank, and Joseph Gomila, director and chairman of the bank's finance committee charged jointly with having received deposits knowing the institution to be in a failing condition. Sentence was deferred. The trial brought to light many start. ling disclosures of loose banking methods, "kiting," falsifying of records and other methods of frenzied finance resorted to by those at the head of the institution to keep it from going under. When bank examiners finally completed their investigation it was found that more than $300,000 in practically worthless paper was in the vaults. Many notes were signed by $75 a month clerks and others who testified that they never owned property and had no assets. It was also brought out that former Cashier Brand, who eighteen months before the bank suspended had made way with about $60,000, had been retained in the bank several months and his bond of $15,000 never collected.

20. February 7, 1913 Carroll County Democrat Huntingdon, TN

Article from Carroll County Democrat, February 7, 1913

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TWO NEW ORLEANS BANKERS CONVICTED EUGENE F. BUHLER AND JOSEPH GOMILA ARE ACCUSED. WILL BE SENTENCED LATER The President and Directors of the De. funct Teutonia Bank Accused of Receiving Deposits After Bank Failed. New Orleans, La.-A verdict of guilty was returned in the case of Eugene F. Buhler, president of the defunct Teutonia Bank, and Joseph Gomila, director and chairman of the bank's finance committee, charged jointly with having received deposits knowing the institution to be in a failing condition. Sentence was deferred. The trial brought to light many startling disclosures of loose banking methods, "kiting," falsifying of records and other methods of frenzied finance resorted to by those at the head of the institution to keep it from going under. When bank examiners finally completed their investigation it was found that more than $300,000 in praetically worthless paper was in the vaults. Many notes were signed by $75 a month clerks and others who testified that they never owned property and had no assets. It was also brought out that former Cashier Brand, who eighteen months before the bank suspended had made way with about $60,000, had been retained in the bank several months and his bond of $15,000 never collected.