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Jewell?s Crescent City Illustrated
Mr. C. Cavaroc. President of the New Orleans National Banking Association, of the New Orleans Mutual Insurance Association, and of several other companies organized for industrial or commercial purposes, is one of the representasive men of the Latin race in Louisana.
Mr. Cavaroc was bom in New Orleans in 1828, of French parents, and received his education in the mother country of his progenitors. He first entered into business as clerk in the general wine importing house of T. M. Lucas on Royal street, and upon the death of Mr. Lucas, which occurred in 1851, he took charge of the business in which his success was both steady and rapid. This was owing no less to the strict integrity than to the thorough knowledge of this branch of trade posesssed by the able merchant who is the subject of this sketch. In 1868, Mr. Cavaroc was called to the Presidency of the Bank of New Orleans at a very critical period of the career of that bank, whose stock was then much depressed owing to heavy losses consequent upon the late civil war. Under the skillful management of its new President, this institution soon recovered from its disasters, and the stock rose in a few months from $16 to $30. A year ago the New Orleans Bank was reorganized as a National Bank, with a capital of $600000, and under its present title of the New Orleans National Banking Association, and it now stands in the front rank of our financial institutions. In 1870, the New Orleans Mutual Insurance Association was organized by Mr. Cavaroc upon an entirely new plan, the particulars of which are given elsewhere, and its success has been such as to realize the most sanguine anticipations of its founder and stockholders.
Mr. Cavaroc is not only one of the most successful and enterprising merchants of New Orleans, but also one of its most public spirited and liberal citizens. There is hardly an undertaking calculated to enhance the prosperity of our city or State in which he has not taken a prominent part, and in private life his charities have all been munificent as well as judiciously bestowed.
He is emphatically a pushing, go ahead, live merchant, a useful citizen, and an honorable, high-toned gentleman. There are few men whose loss would be more universally felt in this community than Charles Cavaroc.