The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1870-04-03
Hibernia Bank of New Orleans.

Some of our most useful and respectable
citizens, whom God in His providence has
gifted with industry and business capacity
which have enabled them to acquire means,
have united together for the purpose of
establishing q new bank under the above
name. At the meeting held for the perma-
nent organization of this bank, the follow
ing gentlemen were elected Board of Di-
rectors: Messrs. Patrick Irwin, HAgh Nc
Closkey, John Henderson, Thos. McKenna,
Thos. Fitzwiliam, Nicholas Burke, Archi-
bald Montgomery, Adam Thomson, Edw.
Conery, Edward Burke and William Hart
The Board chose Mr.. Irwin President, and
Mr.. Montgomery Vice-President. The cap
ital stock is at present limited to $500, 600
5000 shares at 500 each. A large amount
of this has already been subscribed, and
books for the remainder aresopen at the
Office of Mr.. VIM. j. Castell, notary, on
Gravier street, near the Canal Bank, and
also at the place of business of each of the
directors.
This bank is intended to be one of dis
count, exchange and deposit, and in tSa st
times, which are dull for many reasons not
necessary to refer to here, a now bank must
| necessarily confer a benefit on our commu-
nifty generally, by affording increased facil-
ties to those engaged in trade. The gentle
men who have taken this matter in hand,
however, have other views, broader and
| more serviceabIe to our community. In
addition to the ordinary business of banks,
they propose to extend their accommoda-
| tions to class more numerous, and more
in need of assistance than the general run
of bank customers. Facilities, in the way
of small loans, will be given to the indus
trial classes and retail dealers of limited
! or moderate means, to enable them to avail
and extending their business within the
limits of prudence and safety, and thus in
creasiDg their means. 1t will also afford a
place of safe deposit for small sums to many
who, limited in means and economical in
habits, keep them in their houses, always
adding to them with a view to some object
in the future, and particularly to many of
our Woodworking laborers and mechanics,
Who, for the want of such place, are too
oileu leu 10 spenu Inen, OF at pest Keep
them by them, idle and exposed to the risk
of loss. 1t would be difficult to arrive at
the aggregate. amount of all those small
sums united, or the benefit that would re-
suit to the community if they could be
thus brought into public use. Exchange
to any part of this country, and also to
Ireland and other countries, can be pro-
cured on the lowest terms, in sums from
ten shillings upwards, to suit all classes
who may desire to remit to their friends in
the old land.
There is great number of Irishmen en-
gagged in business in this city, from the
smallest dealer to the most prosperous
merchant. This bank will be great ad.
vantage and convenience to this portion of
our people, while they will afford profit
able field for it's financial operations. There
are also numbers of Irish citizens in tins
State, Texas, Arkansas, Mississippi and Ala
bama, to whom this bank may become a me
dunn of communication which might prove
useful to our city. When the name of New
Orleans becomes more Familiarity known in
the old country, through the medium of
this bank, it may become the central depot
for that emigration to ali the Cult States,