New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1855-12-15
(signed) S.

New ORLEANS, Dec q, 1854
In compliance of the foregoing agreement we have
this day delivered to the Bank Of New Orleans eipbt
hundred shares Of the Ohio and Missisppi Ra;ireaS
Company and Page Bscons note, dated 29th DECEMBER
ior SZ0ouo payable at Duncan Sherman q Co u Office
New York with per ct annu interest and received
| twenty thousand dollars in notes of the BANK
| esignea) JAMES CONNOLLY s. CO.
Asa sort OF addenda to this most extraordinary trans
action the following notice served the agency
the Bank in New York To understand the unfairnssz
of the attempt to the Bank Of New Orleans ont
of its securities, fairly and honoraby pledged to it.
or to hsmboozle it cut of its claims (possbiy that
word may be too mid,) it must be promised that the
assignment of Page Bacon made in April in the
city of New York. that they in the month Of December
previous three months before raid assignment pledged
the Bank Of New Orleans 1900 shares of Ohio and Misses
sippi Railroad stock to the payment of st1ono
which they received through James Connoly Co. from
the Bank Of New Orleans Before the maturity of the
notes. which discounted on the faith Of Copnoly g.
Cos and the pledge of the stock this assignee deliberately
calls the Bank to give up its claim to the stock or il
will be held responsible by doing So Now what Is 10
be understood by such conduct this The stock how
ever during the time the notes maturing stood
low whether it fifty or fifty dollars Der share
does not appear but quotations of it In Cincinnati
at the present time at S. to $54 per sharethe whole
road believe now in lay. 1t also be taken into
view that Page s. Bacon failed about the 18th or 18th
proceeds Of the last note paid their agents in this
city the goth 30th of December But we are losing
sight of the rich notice of the assignee.
New YoRK, June Cd, 1855
To the American Exchange Bank oNew Orleans
You will please take notice that Page Bacon of st
Louis the Sd day of April last did execute and ds
liver to Samuel L. NJ Barlow, the subscriber hereto AN
assignment of all the property and effects in your hands
and Of all debts dues claims and demands due owing
payable to them ether of them by you In trust for
the benefit Of the creditors of the assgnor respectively
and you will further take notice that claim as such
assignee 1900 shares in the Ohio Mississippi Railroad
Company held by the Bank of New Orleans and hereby
demand delivery and transfer of the same to me and
shall hold the said Bank OF New Orleans responsible for
the par value thereof in of refusal to transfer the
same. Yours respectfully,
Signed. SAMUEL L. NJ. BARLOW
Assignee of Page & Bacon
Now. this is decidedly cool. 1t might as well read
Stand and deliver What claim had Page & Bacon to
this stock until their notes became dus when they had
five months before, received treble yea qunuple more
than worth or its market value And again how
could they make assignment Of property when it was
not under their control and already assigned and
pledged?
The defence of Messrs, COMEDY s. Co, aud other
documents sppertaupg to this business, we must for
want of room, defer till another day.