The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1879-11-04

van now ace The atate Of the bank a. regards
fts capital;
i aaIntaaea frr NM mnat pnrt II rnrrod
profit and loss ite'na 10000
b. 6aeh, raid IN account o.. additional
Donation. 70 his ESeellf ,coy. aov. H.
Warmnth .#. ..,+ 5000
Total t....st.sss4 siFp opp
without dwellnx On tho etalo Of this small
bank whose 90 uat capital appeared IT, be ~
the Il Inference ,iwt III th"nhnvn erra'ani cant
WI NJ s,SoNno loep she bank hnil i,ng and nh"''
walve m.nor poin,a and approach that one
which nfesen's
Mr. B- x. PALMER AZ rrTHrnrNT
vi the bank riuetennsh July. tF1a w 'nnI1llnm
made, by Mr, Falnaer. cperrtng FOR Mnaane-
Drceslep mud himself. through tho insttu'nen,
talty # Van Norlen. end Tor W,nsa e' wv Ta
lows. fsn 900 fnr fhe bank nnh s2hn' M" 'i Willy,
IN compensation, waa aernaitnd Y, 'hn , namS
s,ins The Grose,aya nnI for which Mi Palmer
subsequently rneelvad ~ n"nutNy We PAM
building and vault and All the hRsals ~ RDW'u
sNat Hold af HI as he asnrnaana ~
Finding the affairs Of the hahk
M VERY DESPERATE CONDITION..
MIR. Palmer found 10 other RESOURCE ~ relieve
himself IN, ~ unrenaae 1ha Masa,p. qraHsay.
laT4 Including uver taE,1no intareat. the sum ~
sfaao' 9pp. and TO Witch add tho sun already duo
q el7beoo manH IN. t ana Vs this Mia rnhr,
arY, ieF4 the neeeaattaa .nf the h,nk wore
s NM aa .bt Ia iaana 49,
was 'ee''''' " 'ss ,-r,,n
tn the etoekhodeta which waa aoHn on tho
fourteenth of February 1Af4, RtatlnE Y vac
necessary fpr an inorenar ~ nnrhal W. IN
larger huann aud tn max their nonaent which
Was ptonrtly given authorizing the dtrenors
10 tranpfer 10. tho new hhnk Tor account OF
observation-disclosures of the old bank. whatever Gums
bf, H. "A irSn
ward taking etncs ID ihn new ban rasarvinE
the right to make ny any deficiency Ia eaah
The preimlunriea having heen oompleted.
the minutes of 'iuna n. fs,! announce Iha, We
Palmer drew nhank inr MID Whna faa, ~, ~. , mm
thia old amount due the GrnaniRyn Nv Fahh 2'9.
leaving the amount 81 shf, 2ap "a hnlanee que.
thue bpcoming owner oil the whe'e STOCK OF the
new bank,
Thought IA MI Talmer'a name, W. auhanInen,
disposition fn ~ ahaWn NJ whom NJ balnnHnn
and who was tho power behind w throne. Y
reaan and give place Co new directora whose
aarv IN give a tons 10 Il very weak institution
weak bana,ise The $3.50 200 capital hnd itaau-
reared and weaker herause all the old aaaa'a
wera nln,nst worthless and instead of sghn 900
new capital with which TO commence busl-
ness sas nef eyer ., w a NM va
Iainr norton Nj All nld ,.ahi unn III the niaaars
sUrosaleyn. Had this not been done, tho stor 400
would never have henn paid owing to the IN,
shiitfv af tha hnnlrto pny out Of Tia i,pnnyar-
ishad asasIa md hence tho duplici,y in an
nonncinE I'd The world froHh capital of $3.50
unn witch smply represented Il large portion
I'll tha liability 81 thu bank ant aided to which
tha siEo 600 absorbed capital Of tho old bank
and published 70 the world rs working eapi
fal III tsnn 100 WINS
.,,..,rv,,,,v rnA,nttrrnr
saA''Nf eAt,
because no one knaw hstoar now untrue ,,', tne
Tho directors OF the old hank having gracefully
retired, and ~ me resignation 81 ehnl' ono Was
RrceItad, the following gentlemen We're alan'ni
vi yHriona dates, All OF thom during July. lAii,
M follows:
Gas Jaeksoh Nv WIFI, W. 49,, ~, ,
MIN 4 airantnr sss.s44...e 40
iii Gnnarv nm III ataya . . .s4#a....Y.@.5. pOo
If Kallnr Ia I'LL above Observation-Disclosures lon
ii Wing ia, ma above. ..@..z.......... 100
III Il paimpr re aiming ....-.4..... .-....... 4no
III Muavroya agent Of rroaalay phnO al,ntaa
E,,hseunsttiy trnnAsarrcd in L. vi uropE-
iay...@.s4s.... NORTHUMBERLAND. .$.-.... 12no
Edward (lrnsaIay Observation-Disclosures 1850
-
Total aharaa ....4.-.. 1880