previous next

The Federal robbery of the New Orleans Banks.

--The robbery of the banks at New Orleans by the Yankee authorities there has been completed. The proceeding was conducted under color of the confiscation act. Nothing, has been said about it in the local newspapers — banking operations of this class, as well as military movements, being contraband, but from a letter in the New York World, of the 21st, we gather something of the particulars.

The Citizens' Bank owed to individual depositors, registered as enemies, the sum of $26,000. This was paid, one-half in Confederate notes and one-half in currency. It owed to the Confederate Government $73,000, which was deposited in currency, and was paid over to the Federal agent in greenbacks. To distance banks and bankers it owed $110,000, which was paid in Confederate notes, making a total of payments, under the order, by this bank, of $200,000.

The Bank of New Orleans owed $17,600, of which $6,800 was paid in Confederate money and the balance in currency. From the Canal Bank the Federal agent received exactly $89.92, which was paid in currency.

When the Federal agent went into the Union Bank, presented the accounts of sundry depositors, registered as enemies, and demanded payment, the cashier said that, to protect the bank, he should require an order from headquarters, and that the demand must be made under authority. The agent refused to go for the order, but went away and returned with an armed guard. The President of the bank protested against the form of the demand for the payment of the deposits, as it lacked the sanction of the general commanding. The guard remained in the bank during the forenoon, and the cashier finally paid over $38,000--$34,000 in Confederate money and the balance in currency. Of this sum $10,000 ($7,000 of which was in Confederate notes,) was to the credit of a capitalist residing now in East Feliciana, who has been dealing in paper in this city for many years. This gentleman was in the bank when the demand was made for the deposits of the registered enemies.

The correspondent says the creditor "saw his own $10,000 drawn and taken away by the Federal agent, notwithstanding he had never been considered a friend of the Confederacy, has heretofore refused to take its bonds or aid the Southern cause in any way, moreover, taken the oath of allegiance to the Federal Government."

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 3.0 United States License.

An XML version of this text is available for download, with the additional restriction that you offer Perseus any modifications you make. Perseus provides credit for all accepted changes, storing new additions in a versioning system.

hide Places (automatically extracted)

View a map of the most frequently mentioned places in this document.

hide Display Preferences
Greek Display:
Arabic Display:
View by Default:
Browse Bar: