Teutonia Bank & Trust Company (New Orleans, LA)

Episode Information

Episode UID
14001671348
Episode Type
Suspension → Closure
Bank Type
trust
Bank ID
1400167 routing
Routing Number
14-0016
Start Date
April 15, 1912
Location
New Orleans, Louisiana (29.955, -90.075)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
5357a2bcc9517442

Response Measures

None

Description

Police were stationed to keep back crowds after the suspension, but closures and receivership followed.

Events (2)
1. April 15, 1912 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Officers arrested and charged with embezzlement, false statements and concealing the bank's condition leading to insolvency and suspension.
Newspaper Excerpt
the Teutonia Bank and Trust company was ordered closed by State Bank Examiner Young this morning.
Source
newspapers
2. December 26, 1913 Receivership
Newspaper Excerpt
St. Clair Adams Monday began his duties as liquidator of the Teutonia Bank and Trust Company ... a court order was signed ... removing Mr. Danziger as receiver and appointing Mr. Mitchell in his place.
Source
newspapers

Newspaper Articles (13)
1. April 16, 1912 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 16, 1912

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Article Text

NEW ORLEANS BANK IS ORDERED CLOSED Officers of Bank Arrested Charged With Embezzlement New Orleans, April 15.-Following closely upon the arrest during the night of two of its officers, Eugene F. Buhler, president of the institution, and Joseph H. Gomila, chairman of the finance committee, charged with swearing falsely as to the bank's condition, the Teutonia Bank and Trust company was ordered closed by State Bank Examiner Young this morning. Frank J. Braud, a former assistant cashier of the bank, was also arrested and charged with the embezzlement of $600,000 of the institution's funds. Buhler and Gomila were released on a bond of $1000 each and the other man, failing to secure bond, is being held. Owing to the disappearance of records no definite statement as to the total loss to the bank has been obtained. Some estimates place the amount between $300,000 and $400,000. Mr. Gomila admitted to the Associated Press today that his indebtedness to the bank is $180,000 as told the authorities. The institution had a capital of $200,000. According to its last statement on March 7 it had resources cf $2,039,670.37 with deposits of $1,413,569. The New Orleans clearing house association, of which the Tuetonia bank was a member, held a special meeting during the night to consider the question of extending aid. Later it issued a statement to the effect that it would not intervene. Policemen have been stationed in front of the bank to keep back the crowds composed principally of small depositors who began to gather during the early hours of the morning after the suspension of the bank had become generally known. Buhler and Gomila were rearrested later in the day charged with embezzlement of the bank's funds. Their bonds were increased to $30,000 and $20,000 respectively, which they had not furnished up to late tonight.

2. April 17, 1912 Las Vegas Optic Las Vegas, NM
Article from Las Vegas Optic, April 17, 1912

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Article Text

FOUR BANK OFFICIALS PLACED UNDER ARREST NEW ORLEANS INSTITUTION'S FAILURE CAUSES RIGID IN. VESTIGATION New Orleans, April 17.-Further investigation into the affairs of the suspended Teutonia Bank and Trust company resulted in the arrest today of A. Wagatha vice president and former cashier, on the charge of receiving deposits while knowing the bank was insolvent. He furnished $10,030 bail. Eugene F. Bushler, president, was arrested twice yesterday, four times in all. He is out under $45,000 bail to answer charges of embezzling $6,500, making false statements, concealing the condition of the bank and receiving deposits, knowing of its insolvency. Joseph H. Gomila, director and chairman of the finance committee, made another trip to the jail today and decided to stay rather than furnish $55,000 bail. He is held on six charges, two embezzlement, making false statements, and concealing conditions and three for forgeries of approximately $14,500. Frank J. Braud, former cashier, charged with embezzling $60,000, is in jail in default of $20,000 bail. Emilie C. Roehl, W. S. Rogers and P. E. Brue are held as material witnesses.

3. April 17, 1912 El Paso Herald El Paso, TX
Article from El Paso Herald, April 17, 1912

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Article Text

BANK SUSPENDS AND OFFICERS ARE HELD New Orleans, La., April 17.-Further investigation into the affairs of the suspended Teutonia Bank and Trust company resulted in the arrest today of A. Wagatha, vice president and former cashier, on the charge of receiving deposits while knowing the bank was insolvent. He furnished $10,000 bail. Eugene Bushler, president, was arrested twice yesterday, four times in all. He is out under $45,000 bail to answer charges of embezzling $6500. making false statements, concealing the condition of the bank and receiving deposits, knowing of its insolvency. Joseph H. Gomila, director and chairman of the finance committee, made another trip to the jail today and decided to stay rather than furnish $55,000 bail. He is held on six charges, two embezzlement, making false statements and concealing conditions, and three for forgeries of approximately $14,500. Frank J. Braud, former cashier, charged with embezzlement of $6000, is in jail in default of $20,000 bail. Emile C. Roehl, W. S. Rogers and P. E. Brue are held as material witnesses.

4. April 17, 1912 The Daily Sentinel Grand Junction, CO
Article from The Daily Sentinel, April 17, 1912

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Article Text

ARREST BANK OFFICIALS Associated Press. New Orleans, La., Apr. 17.-Investigation of the Teutonia Bank & Trust company suspension resulted today in the arrest of A. Wagatha, vice president, charged with receiving deposits when the bank was insoivent.

5. April 18, 1912 The Salt Lake Tribune Salt Lake City, UT
Article from The Salt Lake Tribune, April 18, 1912

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Article Text

ANOTHER ARREST IN TEUTONIA BANK UHJL CASE NEW ORLEANS, April 17.--Further investigation into the affairs of the suspended Teutonia Bank and Trust company resulted in the arrest today of A. Wagatha. vice president and former casbier, on the charge of receiving deposits while knowing the bank was insolvent. He furnished $10,000 bail. Eugene F. Bushler, president, was ar. rested twice yesterday, four times in all. He 16 out under $45,000 bail to answer charges of embezzling $6500, making false statements, concealing the condition of the bank and receiving deposits. Joseph H. Gomila, director of the finance committee, made another trip to the jail today and decided to stay rather than furnish $55,000 bail. He is held on six charges, two embezzlement. making falso statements and con. cealing conditions, and three forgeries of approximately $14,500. Frank J. Braud, former cashier, charged with embezzling $60,000, is in jail in default of $20,000 bail. Emile C. Roehl, W. S. Rogers and P. E. Brue are held as material witnesses.

6. April 18, 1912 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, April 18, 1912

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Article Text

By Associated Press. New Orleans, April 17.-Further investigation into the affairs of the suspended Teutonia Bank and Trust Company, which failed to open for business Monday, resulted last night in the arrest of A. Wagatha, vice-president and former cashier, on the charge of receiving deposits knowing that the bank was insolvent. He furnished $10,000 tail. Eugene F. Buhler, president, was arrested twice yesterday, four times in all. He is out under $45,000 bail to answer two charges of embezzling $6,500 and $8,500, making false statements and concealing the condition of the bank and receiving deposits knowing of its insolvency. Joseph E. Gomilla, director and chairman of the finance committee, made another trip to the jail yesterday and decided to stay rather than furnish $55,000 bail. He is held on six

7. April 18, 1912 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 18, 1912

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Article Text

MANY ARRESTS ARE MADE OF BANK MEN Practically Every Officer of Institution Under Heavy Bond New Orleans, April 17.-Further investigation into the affairs of the suspended Teutonia Bank and Trust company, which failed to open for business Monday, resulted during the night in the arrest of A. Wagatha, vice president and former cashier, on the charge of receiving deposits knowing that the bank was insolvent. He furnished $10,000 bail. Eugene F. Buhler, president of the bank, was arrested yesterday twice and four times in all. He is out under $45,00 bail to answer two charges of embezzling $6500 and $8500, making false statements and concealing the condition of the bank. He is charged with receiving deposits knowing of the insolvency. Joseph M. Gomila, director and chairman of the finance committee, made an other trip to the jail today and decided to stay there rather than furnish $55,000. He is held on six charges, two of embezzlement, making false statements and concealing conditions, and three of forgeries of approximately $14,500. All the officers are prominent in financial and social circles. Frank J. Braud, former cashier, charged with embezzling $60,000, is in jail in default of $20,000 bail. Emil C. Boehl, W. S. Rogers and P. E. Brue are held as material witnesses.

8. April 18, 1912 The Barre Daily Times Barre, VT
Article from The Barre Daily Times, April 18, 1912

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MANY ARRESTS IN BANK CASE. A. Wagatha the Latest to Be Apprehended in New Orleans. New Orleans, April 18.-Further investigation into affairs of the suspended Teutonia Bank & Trust company resulted in the arrest of A. Wagatha, vicepresident and former cashier, early yesterday on the charge of receiving deposits knowing that the bank was insolvent. He furnished $10,000 bail. Eu-

9. April 20, 1912 The Lakeland Evening Telegram Lakeland, FL
Article from The Lakeland Evening Telegram, April 20, 1912

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Article Text

ANOTHER OFFICER. Of Suspended .Teutonia .Bank .and Trust Company Is Arrested. New Orleans, April 20.--Further investigation into affairs of the suspended Teutonia Bank and Trust Co. resulted in the arrest of A. Wagatha, vice president and former cashier, on the charge of receiving deposits knowing that the bank was insolvent. Eugene F. Buhler, president, was arrested twice ou charges of embez zling $6,500 and $8,500. making false statements and concealing the condition of the bank and receiving deposits, knowing of its insolvency. Joseph 11. Gomile, director and chairman of the finance committee, is held on six charges, and Frank .I. Braud, former cashier, is charged with embezzling $60,000.

10. April 21, 1912 The Birmingham Age-Herald Birmingham, AL
Article from The Birmingham Age-Herald, April 21, 1912

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MORE ARRESTS IN BANK SCANDAL New Orleans, April 20.-As a result of sensational disclosures made by District Attorney St. Clair in his investigation of the looting of the Teutonia Bank and Trust con pany, which suspended Monday, W. E. Dunn, cashier: A. E. Mazurette, and other miror officials were last night arrested as material witnesses. They were later paroled. President Byhler was rearrested and spent his first hours in the parish prison on the charge of forgery. His bail will be bulked at $50,000. Director J. M. Gomila, in jail on vari018 charges, has resigned from the parish grand jury.

11. April 21, 1912 The Pensacola Journal Pensacola, FL
Article from The Pensacola Journal, April 21, 1912

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ARRESTS CONTINUE IN NEW ORLEANS As a Result of Sensational Disclosures in Looting of Teutonia Bank More Officers Are Jailed. By Associated Press. New Orleans, April 20.-As a result of sensational disclosures made by District Attorney St. Clair Adams in his investigation of the looting of the Teutonia Bank & Trust Company, which suspended last Monday, W. E. Dunn, cashier, A. E. Mazurette and other minor officials were last night arrested as material witnesses. They were later paroled. President Eugene F. Buhler was also rearrested and spent his first hours in the parish prison on the charge of forgery. His bonds will be bulked at $50,000. Director J. H. Gomila, already in jail on various charges, has resigned from the parish jail.

12. December 27, 1913 The Sentinel=record Hot Springs, AR
Article from The Sentinel=record, December 27, 1913

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RECEIVER DISAPPEARS. Young New Orleans Financier Has Turned Up Missing. New Orleans, Dec. 26.-While relatives and friends of T. Walter Danziger tonight vainly tried to ascertain his whereabouts, the state bank examiner was going over the books of the Teutonia Bank and Trust Company and several accountants were checking books of Mr. Danziger's varied interests. A meeting of relatives and close friends of the young financier took place tonight but if any move was decided upon it was not made public. He has not been seen by any member of his family, they say, nor by business associates since last Tuesday. Mr. Danziger is a member of the real estate firm of Danziger and Tes. sier, one of the oldest in New Orleans, is liquidator for the Teutonia bank, the Mitchell-Borne Construction Company and the People's Insurance Company. The combined bond required of him for his work with these interests is $125,000. Mr. Danziger had about $500 with him when he left his apartments in a local hotel Tuesday. His young wife, to whom he was married less than a year ago, believes he has met foul play. His business associates offer no excuse for his absence. Upon application of Michael Mischell, who is financially interested in the Mitchell Borne Construction Company, a court order was signed late today by Judge Frederick King, of the civil district court removing Mr. Danzinger as receiver and appointing Mr. Mitchell in his place.

13. January 2, 1914 The Rice Belt Journal Welsh, LA
Article from The Rice Belt Journal, January 2, 1914

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meeting. The people of Crowley look upon the loss of the sanitarium as a calamity and are anxious to lend assistance toward its rebuilding. Subscriptions aggregating $10,000 were offered at the meeting on Monday night. Police Search for Danziger. New Orleans.-The police were requested Sunday by the members of the family of T. Walter Danziger to search for the young financier, who has been missing since Tuesday. St. Clair Adams Monday began his duties as liquidator of the Teutonia Bank and Trust Company, a position which Mr. Danziger held until Tuesday. Mr. Adams. was appointed by W. J. Young, state bank examiner. Michael Mitchell succeeded Mr. Danziger as receiver for the MitchellBorne Construction Company and C. J. Tessier announced that the real estate firm of Danziger & Tessier had been dissolved. The state bank examiner is still working on the books of the Teutonia Bank and several accountants are busy on the books of the numerous enterprises which Mr. Danziger has been identified with.