E C Palmer and Company of New Orleans and the Louisiana Savings Bank Company dispute

Scope and Content

In Sep 1871, Edward Palmer was authorised to draw bills of exchange on Crossleys. In 1873, they agreed to undertake the floating of a large loan to the City of New Orleans via the Louisiana Savings Bank. After many attaempts by Crossleys to recover the money, including Palmer's sale to them of his 1/2 share in plantations in Louisiana, Palmer was tried for embezzlement of bank funds. Originally found guilty, the verdict was later set aside.