193700879 19370
national
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Bank Failure. NEW YORK, March 15.-A special dispatch from New Orleans dated march 14th says the Crescent City National Bank. circulating $450,000, closed doers to-day. Its loans and discounts on the 1st of February 1873 were $659,785,096, its capital stock $500,000 and its circulation is said to be secured by United States bonds to the same amount as its capital stock. It is reported to be a bad failure and the institution is in the hands of a receiver.
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Monetary--Commercial. MONETARY. OFFICE OF THE DAILY REPUBLICAN, FLIDAY EVENING, March 14, 1873. There was no marked change or variation in rates in the money market to-day. Some sensation was caused by the Crescent City National Bank having suspended payment on its deposits. There was no run on the bank, but the step was taken by the board of directors in consequence of certain developments which rendered it necessary. The heavy losees sustained by the bank from the De Lizardi failure had destroyed confidence in the institution to such an extent that depositors had been gradually checking out the balances at their credit, and making no new deposits, until the deposit line had been reduced to a trifling amount. We presume the institut on will now be wound up under the general banking law. The demand for discounts at the banks continues of fair extent, and the oferings on the streetare light. The few transactions reported are at the subjoined figures. We continue to quote first class paper, with or without collaterals, 9@10 & cent P annum, A1 12a-, second class - a 18, first class mortgage paper 9@10. and second class 12.
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A BANK BROKEN BY POLITICS.-A New Orleans special to the New York Times says th at the Crescent City National Bank, circulation $450,000, closed its doors Friday. E. H. Somers, one of the Committee of two hundred which recently visited Washington in the interest of the McEnery government, was the president, and it is rumored that heavy drafts on the bank to meet the expenses of the committee were the cause of its failure. The capital of the bank was half a million, and its discounts Feb. 1 were $658,785. It is reported to be a bad failure, and Colonel Charles Case has taken charge of the bank as a receiver.
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It will be seen by our Washington dispatches that Colonel Charles Case has been appointed receiver of the Crescent City National Bank.
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Colonel Charles Case. receiver of the Crescent City National Bank, left New Orleans for Washington Tuesday evening.
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If creditors of the Crescent City National Bank desire an early dividend it is important that they prove their claims before the receiver and get his certificate without delay.
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T. attention of creditors 01 the Crescent City National Bank. who have not proved their laims. is called to the notice published urging them to call at once and procure receiver's certificate, in order to share in any dividend which may be declared.
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SPECIAL NOTICES. Notice to Creditors-Crescent City Nations Bank.-Creditors of this bank who have proved their claims are notified that checks for dividend of TWENTY FIVE Pt R CENT are readv for delivery on presentation of receiver's certificate, and signing receipt. de30 3t C. CASE, Receiver.
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Notice to Creditors-Crescent City Nationa Bank.-Creditors or this bank who have proved their claims are notified that checks for dividend of TWENTY FIVE P&R CENT are readv for delivery on presentation of receiver's certificate, and signing receipt. de30 3t C. CASE. Receiver.
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Notice to Creditors-Crescent City Nationa Bank.-Creditors of this bank who have proved their claims are notified that checks for dividend of TWENTY FIVE P&R CENT are readv for delivery on presentation of receiver's certificate, and signing receipt. de30 3t C. CASE. Receiver.
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By Sheriff Sarpy. THE STATE OF LOUISIANA - PARISH OF PLAQUEMINES. MERCHANTS MUTUAL INSURANCE COMPANY and Charles Case, Receiver Crescent City National Bank of New Orleans, vs. Miguel G. de Lizardi. Second Judicial District Court of Louisiana.
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By Sheriff Sarpy. THE STATE OF LOUISIANA - PARISH OF PLAQUEMINES. MERCHANTS' MUTUAL INSURANCE COMPANY and Charles Case. Receiver Crescent City Na. tional Bank of New Orleans. vs. Miguel G. de Lizardi.
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NEW ORLEANS REPUBLICAN, TUESDAY, MARCH 31, 1874 Too Much of Lizardi. SPECIAL NOTICES. WOOD--COAL. Several of our banks recently invested B. D. WOOD. JOHN A. WOOD. J.H. more heavily in Lizardi than was agreeaOffice of the Canal Street, City Park and Lake Railroad Company, No. 26 St. Charles street, ble or profitable to the stockholders. D. WOOD & BROTHERS, New Orleans, March 27, 1874-Books of subscripB. Among others, the State National lost tion to the capital stock of the Canal Street, City COAL MERCHANTS Park and Lake Railroad Company are now open £5000, which was bad enough, but our at the following places: 106 Common street Office of the company, room No. 6, No. 26 St. printers have made it worse. In copying Charles street. Opposite the City Hotel. Judge Woods' decision they raised the I Office of the Crescent City Ice Company, Nos. 70 Tugbeat Charlie Wood. and 71 Front street. amount to £50,000, which has called from Office of Thomas H. Handy & Co., Nos. 14 and 16 H. & c. TYLER, Royal street. President Kennedy the following protest: COAL DEALERS. Office of R. M. Harrison, No. 55 Carondelet street. NEW ORLEANS, March 30, 1874. R. M. HARRISON, STEAMERS AND FAMILIES SUPPLI EDITOR REPUBLICAN: mh28 10t Secretary and Treasurer. Office No. 9 Carondelet street; yard foot In the report of the suit of Charles and Levee streets, New Orleans. Coal del Notice.-To the stockholders of the Jefferson Case, receiver, etc., vs. Citizens' Bank, beany part of the city. City Gas Light Company: At a meeting of the fore his honor Judge Woods, published in Board of Directors of this company a dividend of your issue of yesterday (Sunday), there octhree per cent on capital stock was declared, payable on the fourth of April next, at No. 11 Caroncurs an error that I will ask you to have WANTED. corrected. delet street, New Orleans. J. HERNANDEZ, President. VANTED-TO RENT-A FINELY FUR The report states that this bank held the mh31 10t March 27, 1874. airy and commodious bedroom, pa bills of the Crescent City National Bank diningroom, with kitchen and pantry atta on the Lizardis, at the time of the failure of the second floor, fronting the street, wi Office of Louisiana Levee Company, New the Lizardis, £50,000. This bank held verandah. This is a rare opportunity for Orleans, March 25, 1874.-In conformity with article wishing to keep house, and to a permanen 5 of the charter, an election of directors, to serve £10,000 only, of which £5000 were paid bewill be rented very low. Apply at No. 24 the ensuing year, will be held at the office of the fore the suspension of the Crescent City between Baronne and Drvades streets Company. No. 23 Carondelet street, on SATURDAY, Bank. leaving £5000 yet unpaid. April 4, 1874, between the hours of 10 o'clock, a. m. I will ask you to make this correction in and 2 o'clock, p. m THOMAS I. DIX, your issue of to-morrow (Tuesday) morning. BOOKS---BOOKS. mh25 10t Secretary and Treasuer. Respectfully, SAMUEL H. KENNEDY, SUBSCRIBE FOR AND ADVERT President State National Bank of New Or. Southern Bank, New Orleans, July 12, 1873-Notice is hereby given that the unredeemed SOARDS' (1874) leans. notes issued by the old "Southern Bank" must be
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Mr. Case, receiver for the Crescent City National Bank of New Orleans, informs the creditors that checks for the payment of the second twenty-five per cent dividend are now being delivered.