Citizens Bank of Louisiana (New Orleans, LA)

Episode Information

Episode UID
4774966990741
Episode Type
Suspension → Reopening
Bank Type
state
Bank ID
477496699 hash
Start Date
September 16, 1861
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
3ff215e74260b1de

Response Measures

None

Events (1)
1. September 16, 1861 Suspension
Cause
Government Action
Cause Details
Bank board adopted the Governor's proclamation recommending banks of New Orleans suspend specie payments and enacted regulations
Newspaper Excerpt
it was unanimously Resolved, That the Citizens' Bank of Louisiana hereby accedes to the recommendation of the Governor to suspend specie payments forthwith on all its liabilities
Source
newspapers

Newspaper Articles (8)
1. September 18, 1861 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, September 18, 1861

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Article Text

CITIZENS' BANK OF LOUISIANA New Orleans, Sept. 16 1861. At a called meeting of the Board of Directors of this Bank, held this dayan 9.o clock A. Ms. the Presi dent laid before the Board a Pioclamation of the Governor of this S ate, dated this day. recommending the banks of New Dr. leans to suspend specie payments with the object and under regulations therein set forth. Said Proclamation was read whereapon it was unanimously Resolved, That the Citizens' Bank of Louisiana hereby RCceeds to the recommendation of the Governor to suspend specie payments forthwith on all its liabilities, and that the four regnlations proposed by his Excellency in his Proclam tion of this day for the government of the Be eral bar ks during the suspension be and they are cereby adopted. as follows, wit1. The circulation of the chartered banks-Nest is, the Canal, Citizens, Bank of Louisiana, and the Louisiana State Bank shall not exceed the amount of coin held by them retively, and the circulation of the Free Banks shall be restricted to the amount of bonds at present deposited with the Auditor of the State. and in accordance with existing laws. 2. The suspension of specie payments will not interfere with the weekly and monthly returns to the Board of Currency. uor with the fundamental rules governing the Banks, not in opposi tion to the recommendation herein made. 3. The Banks will receive on deposit and in payment of debts due them. the notes of the Confederate States of America, and pay them out at their coun ers. 4. The usual weekly statements must be made through the Board of Currency, and all balances paid in Confederate Notes or coin. By order EUG. ROUSREAU, Cashier. se18 if

2. September 19, 1861 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, September 19, 1861

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Article Text

CITIZENS' BANK OF LOUISIANA, New Orleans, Sept. 16. 1861. At a called meeting of the Board of DIrectors of this Bank, held this day at 9 o'clock A. M., the President laid before the Board a Proclamation of the Governor of this State, dated this day, recommending the banks of New Orleans to suspend specie payments, with the object and under regulations therein set forth. Said Proclamation was read whereapon it was unanimously Resolved, That the Citizens' Bank of Louisiana hereby acceeds to the recommendation of the Governor to suspend specie payments forthwith on all its liabilities, and that the four regulations proposed by his Excellency in his Proclamation of this day for the government of the several banks during the suspension, be and they are hereby adopted, as follows, to wit1. The circulation of the chartered banks-that is the Canal, Citizens, Bank of Louisiana, and the Louisians State Bank shall not exceed the amount of coin held by them respectively, and the circulation of the Free Banks shall be restricted to the amount of bonds at present deposited with the Anditor of the State, and in accordance with existing laws. 2. The suspension of specie payments will not interfere with the weekly and monthly returns to the Board of Currency. nor with the fandamestal rules governing the Banks, nor in opposition to the recommendation herein made. 3. The Banks will receive on deposit and in payment of debts due them, the notes of the Confederate States of America, and pay them out at their counters. 4. The usual weekly statements must be made through the Board of Currency, and all balances paid in Confederate Notes or coin. By order: se18 tf EUG. ROUSSEAU, Cashier.

3. September 20, 1861 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, September 20, 1861

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Article Text

CITIZENS' BANK OF LOUISIANA, New Orleans, Sept. 16. 1861 At a called meeting of the Board of Directors of this Bank held this day It' o'clock A. M, the President jaid before the Board a Prochanation of the Governor of this S ate, dated this day, reconmending the banks of New Orleans to suspend specie payments with the object and under regulations therein set forth. Said Proclamation was read whereapon it was unanimously Resolved, That the Citizens' Bank of Louisiana hereby acceeds to the recommendation of the Governor to suspend specie payments forthwith on all its liabilities, as di that the four regulations proposed by his Excellency in his Proclam tion of this day for the government of the so eral ba: ks during the suspension be and they are hereby adopted. as follows, to wit1. The circulation of the charfered banks-that is the Canal, Citizens, Bank of Louisiana, and the Louisiana State Bank shall not exceed the amount of coin held by them resp ctively, and the circulation of the Free Banks shall be restricted to the amount of bonds at present deposited with the Auditor of the State. and in accordance with existing laws. 2. The suspension of specie payments will not interfere with the weekly and mouthly returns to the Board of Currency nor with the fundamental ritles governing the Banks, nor in opposition to the recommendation herein made. 3. The Banks will'receive on deposit and in payment of debts due them, the notes of the Confederate States of America, and pay them out at their counters. 4. The us at weekly statements must be made through the Board of Currency, and all balances paid in Confederate Notes or cott. By order: EUG. ROUSSEAT Cashier. se18 If

4. September 21, 1861 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, September 21, 1861

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Article Text

CITIZENS' BANK OF LOUISIANA, New Orleans, Sept. 16. 1861. Atacalled meeting of the Board of Directors of this Bank, beld this day at 9 o'clock A. M., the President laid before the Board a Proclamation of the Governor of this S ate, dated this day, recommending the banks of New Orleans to suspend specie payments, with the object and under regulations therein set forth. Said Proclamation was read whereupon it was unanimously Resolved, That the Citizens' Bank of Louisiana hereby acceeds to the recommendation of the Governor to suspend specie payments forthwith on all its liabilities, and that the four regu. tations proposed by his Excellency in his Proclamation of this day for the government of the several banks during the sus. pension. be and they are hereby adopted. as follows, to wit1. The circulation of the chartered banks-that is, the Canal, Citizens, Bank of Louisiana, and the Louisiana State Bankshall not exceed the amount of coin held by them respectively, and the circulation of the Free Banks shall be restricted to the amount of bonds at present deposited with the Auditor of the State, aud in accordance with existing laws. 2. The suspension of specie payments will not interfere with the weekly and monthly returns to the Board of Currency, nor with the fundamental rules governing the Banks, nor in opposition to the recommendation herein made. 3. The Banks will receive on deposit and in payment of debts due them, the notes of the Confederate States of America, and pay them out at their counters. 4. The usual weekly statements must be made through the Board of Currency, and all balances paid in Confederate Notes or coin. By order : self if EUG. ROUSSEAU, Cashier.

5. September 23, 1861 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, September 23, 1861

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Article Text

CITIZENS' BANK OF LOUISIANA, New Orleans, Sept. 16. 1861. At a called meeting of the Board of Directors of this Bank, held this day at 9 o'clock A. M., the President laid before the Board a Proclamation of the Governor of this State, dated this day, recommending the banks of New Orleans to suspend specie payments, with the object and under regulations therein set forth. Said Proclamation was read; wherenpon it was unanimously Resolved, That the Citizens' Bank of Louisiana hereby ACceeds to the recommendation of the Governor to suspend specie payments forthwith on all its liabilities, and that the four regulations proposed by his Excellency in his Proclamation of this day for the government of the several banks during the suspension. be and they are hereby adopted, as follows, to wit1. The circulation of the chartered banks-that is, the Canal, Citizens, Bank of Louisiana, and the Louisiana State Bankshall not exceed the amount of coin held by them respectively, and the circulation of the Free Banks shall be restricted to the amount of bonds at present deposited with the Auditor of the State, and in accordance with existing laws. 2. The suspension of specie payments will not interfere with the weekly and monthly returns to the Board of Currency, nor with the fundamental rules governing the Banks, nor in opposition to the recommendation herein made. 3. The Banks will receive on deposit and in payment of debts due them, the notes of the Confederate States of America, and pay them out at their counters. 4. The usual weekly statements must be made through the Board of Currency, and all balances paid in Confederate Notes or coin. By order: se18 t.f EUG. ROUSSEAU, Cashier.

6. September 24, 1861 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, September 24, 1861

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Article Text

CITIZENS' BANK OF LOUISIANA, New Orleans, Sept. 16. 1861. At a called meeting of the Board of Directors of this Bank, held this day at 9 cluek A. M, the Prestdent laid before the Board a Proclamation of the Governor of this S ate, dated this day. recommending the banks of New Orleans to suspend specie payments, with the object and under regulations therein set forth. Said Proclamation was read ; whereupon it was unanimously Resolved, That the Citizens' Bank of Louisiana hereby acceeds to the recommendation of the Governor to suspend specie payments forthwith on all its liabilities, aud that the four regulations proposed by his Excellency in his Proclamation of this day for the government of the several banks during the suspension be and they are hereby adopted, as follows, to wit1. The circulation of the chartered banks-that is, the Canal, Citizens, Bank of Louisiana, and the Louisiana State Bank shall not exceed the amount of coin held by them resp ctively, and the circulation of the Free Banks shall be restricted to the amount of bonds at present deposited with the Auditor of the State and in accordance with existing laws. 2. The suspension of specie payments will not inferfere with the weekly and monthly returns to the Board of Currency. nor with the fundamental rules governing the Bauks, nor in opposition to the recommendation herein made. 3. The Banks will receive on deposit and in payment of debts due them, the notes of the Confederate States of America, and pay them out at their counters. 4. The usual weekly statements must be made through the Board of Currency, and all balances paid in Confederate Notes or coin. By order : se18 tf EUG. ROUSSEAU, Cashier.

7. September 25, 1861 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, September 25, 1861

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Article Text

CITIZENS' BANK OF LOUISIANA, New Orleans, Sept. 16. 1861. NET At a called meeting of the Board of Directors of this Bank. held this day at 9 o clock A. M., the President laid before the Board a Proclamation of the Governor of this S. ate. dated this day, recommending the banks of New Orleans to suspend specie payments, with the object and under regulations therein set forth. Said Proclamation was read whereapon it was unanimously Resol ved, That the Citizens' Bank of Louisiana hereby RCceeds to the recommendation of the Governor to suspend specie paymentsforthwith on all its liabilities, and that the four regulations proposed by his Exceliency in his Proclamation of this day for the government of the several banks during the sts. pension. be and they are hereby adopted, as follows, to wit1. The circulation of the chartered banks-that is, the Canal, Gitizens, Bank of Louisiana, and the Louisians State Bank shall not exceed the amount of coin held by them respectively, and the circulation of the Free Banks shall be restricted to the amount of bonds at present deposited with the Auditor of the State, and in accordance with existing laws. 2. The suspension of specie payments will not interfere with the weekly and monthly returns to the Board of Currency, nor with the fundamestal rules governing the Banks, nor in opposition to the recommendation herein made. 3. The Banks will receive on deposit and in payment of debts due them, the notes of the Confederate States of America, and pay them out at their counters, 4. The us al weekly statements must be made through the Board of Currency, and all balances paid in Confederate Notes or coin. By order : sel8 tf EUG. ROUSSEAU, Cashier.

8. September 26, 1861 New Orleans Daily Crescent New Orleans, LA
Article from New Orleans Daily Crescent, September 26, 1861

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Article Text

MORTIMER BELLY, Cashier. se19 tf CITIZENS' BANK OF LOUISIANA, New Orleans, Sept. 16. 1861. Atacalled meeting of the Board of Directors of this Bank, held this day at o'clock A. M., the President Jaid before the Board a Proclamation of the Governor of this State, dated this day, recommending the banks of New Orleans to suspend specie payments, with the object and under regulations therein set forth. Said Proclamation was read; wherenpon it was unanimously Resolved, That the Citizens' Bank of Louisiana hereby acceeds to the recommendation of the Governor to suspend specie payments forthwith on all its liabilities, and that the four regulations proposed by his Excellency in his Proclamation of this day for the government of the everal banks during the suspension, be and they are hereby adopted, as follows, to wit1. The circulation of the chartered banks-that is, the Canal, Citizens, Bank of Lquisiana, and the Louisiana State Bank shall not exceed the amount of coin held by them aspectively, and the circulation of the Free Banks shall be restricted to the amount of bonds at present deposited with the Auditor of the State, and in accordance with existing laws. 2. The suspensión of specie payments will not interfere with the weekly and monthly returns to the Board of Currency, nor with the fundamental rules governing the Banks, nor in opposition to the recommendation herein made. 3. The Banks will receive on deposit and in payment of debts due them, the notes of the Confederate States of America, and pay their out at their counters. 4. The usona weekly statements must be made through the Board of Currency, and all balances paid in Confederate Notes or coin. By order EUG. ROUSSEAU, Cashier. se18 tf