The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1880-03-14

svissd Stsfusss 81 this Stsse 81 $50; that by
said vlolatAon % said law tho said directore and
defendants herein rendered themselves lndi-
s x I'LL s md aaes
recters q the said Mechanics snd frsders'
Octobec. November and December. is7s. and
81 March. 1879. furnish to the Treasurer q the
assets. liabilities. ETC.. Of said bank that said
stAtements were FURNISHED for publication ana
were published BY The STATE nFess'HaTer 10 ne
which statements are contained In the report Of
the State Treasurer to the Governor q the State
Of Louisiaua for 1873 aud for he fret quar-.
to the said Governor Tor the year 1879, on psges
herewith ii fiisd and specially referred 10 for
greater certainty, which statements Will ale?
appear hy EsfsrenSe TO Sorss 81 the Scs
in said months; that In every. ohe Of these
statements the said above named directors vii.
fully misstated tho condition OF said bank. rep
ruth and In fact. tbe said bsnk. was. during oil
that time. and had been long before. hopeessly
insolvent. That said false statements consist
]. IN placing ~ cash assets Of said bank.
State Jackson Railroad bonds and other stocks
worth g equal TO the sum q about Pol ooq,
the sum OF more than 1l2o 900,
2. In concealing the fact that said cash, as
fss wsrs t y 81
p pHasa q Basns Bros Co.. q England. t.
the ID q so
b. said plsdeees shortly after the failure OF the
said bank to pay pro tanto the debt, for which
We same wore pledged. That SAID q, % BONDS ana
dated bonds u ths City of New Orleans. for
1900 each. as Will appear in copy q said
iition and made part thereof.
.. In largely .overvalutng the real estate be-
longing to raid bank.
That all Of said directors caused and aseented
to said publication and knew that the items
ments. and that BY the publ cetion nf said state
ments they gave 70 said bank credit and repu-
for the 9na
directors published the true state Of the affairs
OF the said bank. the depositore would not have
deposited II sstd bunk after they had learned
withdrawn whatever amounts they then had in
sa ca Ss s s% y sabss snsn s ss
rectors deceived and mtsled the public gener-
ally. and all the .depositors. particularly and
said bank. as above stated: that said bank il
insolvent. aud had been for more than one year
continuously next preceding the nineteenth
Gay QI nHICIls lbtV. WUu THAI 10 Tue kuOWisuke Vi
the defendants. and by their said tortuous don.
duct. coneealments and MEASUREMENT tho said
directors have made themselves liable In sotido
unto the depositors for. the various amounts
due them. as per exhibit marked Y. above re-
ferred to-
Petitioners further show that for d long period
Of time. upwards OF q year next preceding the
knowledge Of the defendants. inso!vent: that
though knowing the. fact. the said directors
continued to receive deposits and thereby held
out to the world that the said bank was solvent.
and thus induced the depoeitors to put their
money on deposit Ia said bank. which they
would not have done had they known said bRAk
was insolvent
That the defendants we're By law required 70
odically OF tbs condition of said bank. and all
parties In the community had right to con.
slider and presume said advertisements az true
and correct. and we're justified In acting accord
ingly.
edge Of directors ut the time the depositors
said tortuous conduct and concealments and
or the real and true cond-
ton OF said bank. the defendants gave said
bank In the community character for eolvency
to which II was not entitled. and thus deceived
oil who deposited In said bank, whereby the
defendants made themselves. individually and
~ solidO, liable to each and every person who
deposited In said bank and lost the same or
any spart thereof.
The premises considered and concluded pc
titioners prey that the defendants aforesaid be
cited. and after due proceedings had that they
40 have and recover judgment N solidO against
zach OF said defendants for the aforesaid sum
p s144,g2e ~. with legal interest from judicial
+a,nand and costs Of suit. ana for general relief