The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-03-31
From the New Orleans Bee, of March ISL
A


From the New Orleans Bee, of March 1871
M THE CITY BANK.
90. THE result ofthe examination Of this Bank by
the aboard of Currency cannot fail to be gratifying 10
lie generally We publish the questions propounded to
the officers the Bank and the replies thereto together
mart are clad to see any institution rise superior
to the that have been directed against that
Bank. We not who or what It il that has been the
object ounus continued and concerted attack gra.
tifying to witness him survive such persecu II
evidence of the power of truth and justice against
alarming opposition
Questions to the Cashier and other officers Of the City
Bank Of New Orleans by the Board Of Currency
LIST Question.
Has there been any money loaned to any person
ON Notes Bills of Exchange, or in any other manner,
until the submitted the Board Of Directors
Answer to LIST Question.
There never has been any money loaned on notes un
Les, and BY the
monthly and the Bills taken have always been re-
gular reported to the Board at the newt meeting and
isigned.) RI. PALFREY, Cashier.
I'd Question.
Has the President any Director obtained any mo-
ney from the Bank by overdras in any other illegal
msnpsr
Neither the President any Director has ever OBJ
tanned any money from the Bank by overdrsfs in any
''-1 asiened3 R. J. PALFREY, Cashier,
CHAs. A. F. RoNDEAU,
GenI Book Keeper,
eli. BOURCIER, Book Keeper.
r.. TAYLOR Book Keeper.
I'D Question.
Has any loan been made to the President any
Answer to I'd Question.
No loan has ever been made without the usual dis
(signedS n. J. rALFREY. Cashier,
CHAs. A. F. RONDEAU,
Geal Book Keeper,
4h Question.
Are the books and cash Of the Bank regularly exami
ned and balanced
Answer to 4th Question.
The cash is regularly counted by Committee ap
pointed for that purpose monthly An Inventory made
which inventory Is signed BY said Committee and re
port made to the Board its meeting which report
are regularly balanced the 2sth February and ss
Aus us Of and said balances entered in book
for that asS Sef S,s Se s;S ns
the books All the accounts have balanced to a cent
since the Bank commenced its operations.
(Signed) r ]. PALFREY, Cashier,
CHAs A. +. RONDEAU,
.Gen' Book Keeper,
CHI. BOURClER, Book Keeper,
X TAYLOR, Book Keeper,
!: SyaIao Gib FIEYi9f Teller
Receiving Teller.
5h Question.
Has the President or any Director borrowed any me
ney from either Of the BranShssf
Neither the President nor any Director Of the Bank
has ever borrowed any money from either Of the
Branches. tsisnsd Sh QUESTION srALFRk4 Cashier
What is the Presidents Salary, and has any extra CON
pensation ever been made him IL any manner
The Presidents salary is 400 per annum ISIS an
extra compensation Of $500 was allowed to him, but
vi {sixned3 RI. PALFREY, Cashier.
0h Question.
the S: X
Answer to 7th Qaestion.
In 1899 of the Directors Of the Bank failed and II
may possibly lose about $1,000 but that depends the
value Of real estate taken the debt Thsi ths
only loss sustained by the Bank through
| any OF its directors.
| sth Question.
Has the Bank ever lost money BY the defalcation
/ Of any Of its officers, and if so, how much
I Answerto s,h Question.
Hn le35 the Bank lost 81 $50 by defacation OF III
Ssr The late Cashier Of the Once at Nstchi
toches defaulter to considerable amount, but IT
not expected that Bank will lsse mors than $2oo o
(signedJ RI PALFREY, Cashier.
Question Oh.
Has not the City Bank opened credits in Europe, an
have not such credits been used by the Bank to tempo
''"' ''''' " Answer to 9th Question
Tha Bank hiss had open credits in In gland 10 IN
amount OF $40 zoo sterling, but has never used then
means Of raising money on the contrary the BANK ne
always had cash balance in the hands Of It's banker
"L01 Ssianed, RI PALFREY, Cashier.
Personsily appeared before me, Bald " in, RecOrde
of the Municipality No. g. acting Justice Of the Psac
duly commits soned and sworn r. j. Pslirey; cs,nier
| a Roudeau general book keeper Charles Bourcie
and Robert Taylor boek.kespers; Edward Gsillot an
joseph Outlet tslers all Of the City Bank Of New o.
leans who severay declared on OATH that the foregt
;ns answers 10 the Questions Of the Board Of Currency
subscribed by them respectively, are true.
New Orleans, March Is, lsta
(sgned) BALDWIN, Recorder
/ aN OFFICE BOARD OF CURRENCY
II Esw ORLEANS, nth March, 1912. !
This il to certify that the Board Of Currency hav
made careful examination Of the situation Of the Cit
Bsnk that they have compared the different items
its assets with the statement furnished to them that
their opinion the character Of the portfolio highly
tsactory and the affairs Of the Bank in very goo
and sound conditions and further that far their
smnation has permitted them TO judge, its operation
have been conducted in manner beneficial to the pal
lie profitable the and reflect great cred
hn hara hoou char0