New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1857-09-01

The Canal Bank moves along quietly 1t continues ably
managed always maintains its position in the world of
finance large share of its active is devoted to ex-
change transactions which deprve at times of having
large of discounts yet has all occasions Of PRESSURE
faithfully stood by and succored its friends and patrons 1t Is
believed that the State would do well 10 dispose OF the
held the Canal and Basin which will revert 10 the
State 1866 Every year this matter is postponed by the
authorities State will lessen the real value of the States
interest profits the institution last were 12 per
1t hardly necessary for much of the Citizens Bank
Every one is the high emnence and distinguished
stand attained reaching the highest pinnacle OF Tame
coeeacy and for the short time has been
in business has business for its capital than Bank
known commercial and financial world The stock year
ago sold l5S59 1t is now held ii any quotation can
be realized lS2S3 the last dividend Its profits
last year 2SI per cent.
The free Banks doing their share Of the trade of the city
though working under great disadvantages when placed along
four old Banks they have all managed to pay the
regular semi annual dividend of five per cent
The Union Bank stock has advanced during the year from o
and l2 is not only considered good and well con-
institution and being owned with some very lew eSetp
tons by residents it may be considered 10 pe
hands of strong parties is devoted the true interests OF
| our growing city and the prolific State of Louisiana
The Southern Bank believe was about the hrs that or
ganzed and actually under the general banking law
The shares of this be $500 instead OF the usual
ano, of SO precudes any speculation daily transactions
1t has not been cock and might also add has not
been weather II organized more for exchange pusl
he edce and not only deduced but affirmed that Bank in
This w to exchange business renders just much
copfers lust good the vast interests OF the
~ Sae and the entire country tributary to New Orleans
Ranks do which their transactions TO discounts and loans
The stock of the Bank year ago sold at 4I5S0 1t il
now held at 5OO@5o5.
The Mechanics and Bank is quiet institution
on the conservative order altogether its
NOT feel satisfied in making regular annual tel
per cent dividends It, stock is generally held by
parties the general management of the Bunk is believed
bc satisfactory those interested in its prosperity
The New Orleans last doubled the amount OF it
capital which has been uefuy employed to the general goo
of OF the city The which it met witt
and half years since base been surmoned an
from general Increase Of business of the city nj large
will receive good share Of business is conen
plated banking house. being finished
early in October dividends of five cent each haF
been paid on stock within the year
May the Bank Of james Robb, as private Bans an
uounced the general banking law OF Inc s
The capital is $500 O For security of the issues there 10 e
uosed in the hands Auditor five hundred hossu uuia
of city bonds on 1915 00in notes are authorized ih's
very liberal margin for the issues and show tina" the eeha
ton of the amply and fully secured me success
the first and only Bank organized under the general IAN
has bean great and from weknown reputation and sau'
inc of The banker himself, his general identification vii
the great and varied of the State and city, his
The high standing credit OF his associates serve