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JEWELL?S CRESCENT CITY ILLUSTRATED.
NEW OUZEiiJVS
MUT'L INSURANCE
ASSOCIATION. i
CHARTERED MAY 7th, 1869.
Capital, $1,000,000
C. Ca.vab.oc, President,
<3r. Lanaux, Secretary*
DIRECTORS:
0. Cavaroc, 8. Cambon, Chas. DeRuyter,
Leon Haas, Jr.,
E. F. Mioton,
W. Agar,
A. Poincy,
J- Egli,
P. S. Wiltz,
I*. Queyrouze A. Thibaut.
This Insurance Company, although one of the youngest, is already numbered among the most prosperous and popular associations of the same character in New Orleans. It was established in August ?69, under the auspices of Mr. C.
Cavaroc and a number of well known capitalists and merchants, and in December 1870, the act of incorporation waa amended by the adoption of the mutual principal, under which no stockholder can participate in the profit of the company unless ho has effected insurance therein and paid premiums accordingly, and then only in the proportion of the earned so paid, and by which also the capital of the Association was fixed at one million of dollars [1,000,000.]
The last quarterly statement of the New Orleans Mutual Insurance Association, published Sept. 30th, 1872, shows that during that quarter the Fire, Marine and River premiums received amounted to $818,493,08, the net earned premiums to $160,287,90, from which amount, after deducting losses, expenses, interest on capital paid, etc., there still remained the sum of quarter ending Sept. 30th, 1872.
The assets of the Association at the same date amounted to $1,092,-438,35. The above figures show a most flourishing condition of the Association, so ably conducted by Mr. C. Caravoe, with the efficient aid of Mr. George Lanaux, the accomplished and highly esteemed Secretary of the company. It is proper to add that the magnificent marble iront three Btoiy building just erected by Mr. H. Howard, architect, on the site formerly occupied in Canal Street by the Mechanics? and Traders? Bank, is the property of the New Orleans Mutual Insurance Association, whose office occupies the front part of the ground floor. The rear part is occupied by the New Orleans National Banking Association, and on the first story is the office of the Cresent City Live Stock Landing and Slaughter House Co., all of which are also presided over by Mr. Cavaroc.
0,922,09 as the net profits of the
?
JfEW OXZSslJVS
NATIONAL BANKING
ASSOCIATION.
Chartered as Bank of New Orleans, MAY 14th, 1863.
Converted into the H, 0. National Banking Association, JULY 1st, 1871.
t, $600,000.'
Chas. Cayaboo, President,
Ntjma Augustin, Cashier.
DIRECTORS:
E. P. Mioton,	P. 8. Wiltz,
8. Cambon,	Leon Haas, Jr.,
A. Thibaut,	E. K. Converse,
J? Aldlge.	C. DeRuyter,
A. Tertrou.
This Bank, formerly called the Bank of New Orleans, was about to go into liquidation at the end of the war, when a few of the stockholders had the happy idea of calling Mr. C. Cavaroc to the helm. Under his auspices a vigorous and altogether successful effort was made to revive this institution, the result of which was soon felt in the highly increased value of its stock,	which in	1868 was
quoted at $17, and is now [1872] worth 32.50. Under its new title, the New Orleans National Banking Association is now organized as a National Bank,	with a	capital of
$ 600,000, divided into 20,000 shares of $30 each. The last official report made according to law on the 3d of Oct. 1872, shows the large sum of one million one hundred and ninety-eight thousand five hundred and twenty-eight dollars and twenty cents 1,198,528,20], as amount of individual deposits at the close of business on that day,	from which	an accurate conception of	the popularity and success of	this bank may be formed.	To Mr. C.	Cavaroc, the
able and energetic President, this flourishing condition of the New Orleans National Banking Association is mainly due, nor should we forget to add that he is very efficiently supported by an excellent Board of Directors, and by the gentlemanly cashier of the Association, Col.Numa Augustin, an intelligent merchant who, having left the counting-house for the tented-fleld during the late war, returned to his former peaceful avocations in 1865, and is now doing good service to the community in his present capacity. The New Orleans Banking Association ia one of those financial institutions of which any city might feel j ustly proud, and it stands second to none in the estimation of the public.