New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-04-02

We present to the readers o: the Rh2Ia-
LICAH this morning copy oi me genera
statement OF Colonel Charles Case. receiver
OF the Crescent City National Bank. 10 che
Controller of the Currency az Washington
RxC,--zR. oa2tCE,
f,,asc.,t ('itV National Bank o. New tr ears.
New Or cans March %, l8-3.t
Hon. John Jag Knox, Controller OF Currency "dd-
IngtOn, D. G.:
DEAR SIR am at this date aole - tor
ward herewith general statement OF the
assets and liabilities of the Crescent C!tT
National Bank Of New Orleans, with sched-
ules from A to l, Inclusive, showing :no
particulars upon which the genera. state
ment Is based.
Taking the assets at their nominal values
and amounts. and deducting from the liza
biIities the capital stock. and It Will appear
that the assets exceed the liabilities DE the
sum OF $43,0l7 33 but the explanations TO
be seen on the general statement OF assets
show that they are only good tor So! ".
thus leaving deficiency Of SIS .2;}' -.
I think NV estimate of the assets Is
tull as high and favorable IS facts
will warrant. The probability s that
thev will be less rather than more
than the sum S939,2l3 -. As 20 the dis
| counted paper in schedule a, i may remark
| that the letters G B and ID. stand respect
| full and the paper was thus marked by the
| directors at "a meeting shortly prior 10 my
| first examination OF the bank. Ny nephew.
| F. F. Case. is better acquainted than ain
with the business houses OF tie CitT and is
| able to verify the judgment ~ the
| directors. lou will notice that consider
| able OF this paper has a long time TO run.
some OF It not falling duo until March, i1'i,
and part OF this being the papac OF .Ae III
| reCtOrs of the bank.
May have something more 10 aaT on this
subject hereafter.
la this connection your attention = also
| called 10 the several items OF discounted
| paper transferred from portfolio to sundly
| banks and bankers, and amounting II
the aggregate 10 S226,3i 90. Ii appears
| that these several parties had bought the
| sterling bills of the Crescent City National
| Bank, upon the house of De!iZardl s Co.,
| of London, and about the twenty sixth and
| twent v-seventh of February last, having
| learned OF the failure of the latter house
| and anticipating that the bills they had
! purchased would come back dlSn0nored,
| they called upon the Crescent Cay BANK
| for some security against then expected
losses, and the president in order to secure
| them transferred discounted paper from TIL.
| portfolio 20 the amount charged 10 the 5HV-
I eral parties In fact the CitlZcns Bank
| took !. transfer Of discounted paper % TIE
| amount OF Sl3,DOO, more than the genera
statement shows, ana loT "h-th .He N-tS- tG
| cent City Bank received currency, WHICH,
as am told, was paid out 70 deposltoES
Whether it was in the power OF the Cres-
| cent CITY Bank thus t. attempt 70 secure
| the holders of its sterling bills To .Ae
amount of $236.341 %, leaving holders CT
| the same Alhd ol RaPFI - ~ y o",-p'o ~
lndj dheNIt dHu az o0H0' N''' -
| cured. l5 one OF the important Huest."ns
| n..ENyta 1t
| which meet me at the cohlilehce!lenS u, .! HlH
| duties is receiver. Frooa9!F Il WIZ .'N
10 De 5ettied jUulc'aiE. u - 3Huei 9toou LOU
| that tue paper mus tIahSier.eu as aooN7
was oi the shortest aEG oeS, II t!'T l'Ol .:s-'"
Accompanying scheduie II Is ALSO 4 rs. 81
| bills transmitted 20 Iohl"n q" c9Nfi .Lo
sterling oils 6pecl1led IN IN" scNed"ie' "ot
| M preSeni adEIc6s are 'ndS 'ho !ol9. "
! nt Li2afG! n 20 'n7't1ul n7't1u ~ "'Pts-ni= .--e
bnis as directed dpP'"Ps'"t'I :I S-,Ct -
ceeds q" .nfir OWL use r t r,I, 80
.Td'iH' w tm,7,-I, ii,i7 - t.,1-
tne a'ii""HL o. ; ''''''' ~ ''1i
| VIded :or
| heller me assets "l In, -iP'.9' " nc
LizaTdI 20; are worm an mn. - d :. ... 'S.
proplematcai' NY ''e7t IHi'l d - 'o.i - 80
the failure was a very 1LSaS''oU' 'l9' .i''-0
better tnan toi&l %Iech;
ne pahh DOORS Silom ',i"l i'r. "a ~
cohultl"i VI thc "nnn oe, . ''i. "
T.. -
to be done, IN the transfer y, is s3o1".
have already written So5' "n ,".? Hn"s ,.,..
nave hot+u oH >th7u"'0 ! W t-' 80 80
transfers IN parenthesis. "A noticeable "a.
ture as 10 many ol theEi - ihd' .Ht! "'e
transfers 10 persons VINO AaVe Hot n7"A
DanhtFS OF utdltlS III SUI " an. 49, - -.
| perhaps, aDie 10 SVdte 'Ho '"!''"' ~ - ''''
Ill SUCH h"Hhl u7' -.
Inc dlLtIl'LH u II0 '".1N '''N ~
| first examination were T.. ii summers f.lfo
nrasidentl Emory Clam, l.. u. Gardner.
- -, ,,,'cj !, b,i,4 +ho. rip,a Iayinr +,.iy;s.
mho T'SNou 49, ~ 80 ~ ~ iIS +. "
! IerFtu HIS 5Voth' N'"I :" - - n7'h3 ''
| SOrla, A. stewart anu u. - Ht l4iLdiuI' =" 80
ioo rogirrad aholt 5ha date aE .he fiiiIre
a.So IISn,, 1870 nI, sb"rtIv .,frrr
oI ,ne L'oh"oh iIou,o Va ~ NV.
| a reference u SCHtuule n anu a VII 7'''" -"
the Indebtedness OF Jour OF these gentlemen.
| to tha hank In one instance there Is 2
| - o,-.,,1 a. opd rho hills iiscu,1Dtru
HedN% oNc'"'''', az" ~ - :
are, with one or C"o eNctPIoGE, ue't'Ae"i :
noa7. Io'G P.,Ptl' ra4 r. r.n
am unable to add anything 70 "nat mas
heretofore bteh salu DIS ~ W 7.ioI '"E "
the paving tellerS cash. W uilt Lue exam
| nation was progressing, he admitted .I3 Qt'
! fci+ +5 he $i ! $50 So far as known. not hing
n'iO w ~ @i', '0. ~ 80 - N ~ '.+l,,,,r-,, :,
| mas cuHlc 10 H-Et w 'Si''' '''7
and there Is some reason 10 Ito.E iHIL a. IllE' ;.
| tnru ont worse
| Jorr r.anac+f1IIv vour oNe,Iipn- 4eryar.
| 10y 49, .ctI,pI,-I .hSL
| ShLl NIL -N'-'',
Receiver OF Cra. cent Ii;y .atioah. hStIh
New Orleans,
| r-, = ,-, r -.. ~ ..,-., - o.,
UeueIdl StdCentht VI "0S,.'H "i''t 1f''t. -,
| O! the crescent Ntf Na1lOhai Stu-, Q
| New Orleans. Louisiana. March il. -. :,
W. Ia5e' 'SeeNeiI
| A'-ETd
Bills discounted per schedule 4. "y.