and the Canal-Louisiana Banks, might come together in one powerful banking company. A new charter was drawn and a brand new bank was fused and introduced to the people of the South and of the Mississippi Valley. New and old, continuing the traditions and prestige of the original foundation bank-the New Orleans Canal and Banking Company of 1831, and expressing the best forces of six institutions which have contributed since that date to the personnel and assets and the building up of today's Canal Bank.

1915.

The Canal Bank & Trust Company, capital $2,000,000, surplus $400,000, with enlarged offices-having added the Camp Street annex, secured by purchase of the Teutonia building. This new bank with a new portfolio of guaranteed value and the best material of many banks, men and assets, offers itself, as did its previous generations of officers and Directors, to do faithfully all that a Trust Company and Banking Corporation may do to serve each individual customer, also to pledge its share in public-serving, as it has always done in the past; ever looking forward with integrity and character as its principal capital; ever mindful, however, of the efficacy of filled coffers.

1831-1914.

This cycle of banking history comprehends and practically includes the entire period of Louisiana commerce. Nowhere in the United States can be found a bank with so long and honorable a career, and no concern exists east of the Alleghanies whose career dates back so far.

FRIENDLY COMMENT.

An editor at the completion of the present handsome office building of the Canal Bank commented as follows: ."We wish to congratulate Camp Street on its finest structure, a home outwardly in keeping with the splendid history of an institution whose standing has been for several generations

in keeping with the substantial, the conservative and dignified methods of the best Southern finance. 1831 is a date so far back that it is doubtful if an original depositor lives. Seventy-five years is so long a time that it practically covers the period of American finance.

"That it should have stood the stupendous shock of the Civil War, that it should have survived the changes in the currency, panics and booms,-that it should have lasted through numberless administrations, is a tribute to the substantiality of the lines on which it was built.

"For the great fire and burglar-proof vaults and the massive steel structure which represents its outward evidence of financial strength, are, after all, little more by way of evidence of a bank's real substantiality than is the home of an individual a token of his character.

"It is the character of the men who constitute its personnel and the spirit of its activities which count. * * It is fortunately to be doubted, however, that the opportunity will ever come again for the Canal-Louisiana Bank to do in New Orleans what it once did for the city by materially aiding in the re-establishing the credit of New Orleans and the State of Louisiana. For such services the men who have made this institution during the last forty years will be remembered, and the institution itself will be remembered when the hand of time shall have fallen heavily upon the great structure which is now being reared so proudly to the skies."

NEW BASIN CANAL-PANAMA CANAL.

Eighty-four years! Four score years and four of continu ous business organization, such is the story we have here related. The story of the most ancient and at the same time the most recent banking house in the City of New Orleans.

The old New Orleans Canal and Banking Company was known from its beginning in 1831 as the "Canal Bank." Today it is known by the third generation of bankers in Europe and in America as the "Canal Bank."

The name meant something then. It means something today. The commercial world will shortly put into use the greatest waterway devised by man, the Panama Canal, and New Orleans is the nearest American metropolis to that Canal. It is also itself the depot and entrepot of the great Mississippi Valley,-an empire with 50,000,000 people, with dozens of great manufacturing cities all connected by water with this Southern gateway of the United States.

As said before, the Canal Bank today is a new institution, the oldest and the newest in New Orleans.

1915 MODEL.

On January 1st, 1914, the assets of the several banks that of late years have been merged into and with the Canal's; these assets and all other collateral that has come to the present management-everything has been subjected to the acid test of scrutiny, and none but liquid bankable paper has been allowed to go into the portfolio of the 1915 Canal Bank. The present bank, while proud of its honorable career during the last century, is also glad to offer today the most modern facilities and methods to the grandsons and daughters of its early patrons. We would venture to include sentiment with business, and this is the excuse for vaunting the prestige of having weathered panic, pestilence and war; of coming through all with integrity to depositors unimpeached, a long record of service to individual and community, that we hope will be sufficient apology for telling the story of the Canal Bank.

THE MAN WHO MADE NEW ORLEANS OF TO-DAY AND BECAME A NATIONAL PERSONALITY.

By George C. H. Kernion.

(A penniless New England boy who rose to fame and fortune. His remarkable autobiography, and other hitherto unpublished facts about one of the Nation's great sons.)

It was indeed a strange trick of Fate that old New Orleans, which had been founded by the French, who ruled over it for many years, and which later had passed under the sway of the Spanish crown-two Powers that were ever the strongest supporters of the Roman Catholic faith-should yet be awakened from its lethargic sleep and given an impetus that placed it at once among the greatest cities of the American Union, by a penniless descendant of the Puritans, those poor dissenters from the North of England, who, in order to escape the persecution due to their doctrine of free religious worship, chose a voluntary exile and left their native soil in the seventeenth century, to land, after a ten years' sojourn in Holland, on the bleak and inhospitable shores of New England at Plymouth Rock, on December the 11th, 1620.

For Samuel Jarvis Peters, Sr., the father of the great New Orleans of today, was indeed a lineal descendant of Hugh Peters, who joined those hardy pioneers who, under John Carver, Miles Standish and William Bradford, crossed the yet uncharted Atlantic in the frail "Mayflower," and planted in the new world the seeds of colonization and of that religious freedom which was eventually destined to make the American Nation truly great.

This Hugh Peters had first seen the light of day in Fowey, Cornwall, where he was baptized on June 29th, 1598. He was a man of attainments, gifted with great mentality, wit and wisdom, and a graduate of the famed Trinity College, Cambridge, where he took his B. A. degree in 1616 and his

M. A. in 1622. His father, Thomas Dyckwoode (or Peters) had married Martha Treffry, and was in affluent circumstances when his son Hugh started on the meteoric career that was to bring him eventually to exalted heights but withal to an early and cruel death.

History relates that the Peters family were originally of Norman origin, the first of the name, Sir William Petres (or Peters), coming to England as aid-de-camp in the train of William the Conqueror in 1056. Another was knighted by Henry VIII, and still another was elevated to a baronetcy by James I. Their coat of arms is recorded in the annals of the British Kingdom and is thus described: On a field gules, a golden bar surcharged with a duckling accosted by two cinquefoils, and accompanied by two shells. The family motto was: "Sans Dieu Rien."

Hugh Peters, the first of the name to come to America, was evidently not of those that are satisfied with the glorious achievements of a long and distinguished line. He believed that a man should accomplish things himself to become truly great, and hardly had he left the collegiate bench than he commenced to show himself worthy of his name. We find him first lecturing at St. Sepulchre's, London, but in 1623, and up to 1632, he occupied a post in the church at Rotterdam. In 1635 he reached Boston, Massachusetts, and one year later became minister of the First Church of Salem, in Massachusetts. His rise in the ministry was rapid, and so great was the trust the Puritans had in him that in 1641 he became their emissary to and agent in England. A friend and follower of Cromwell and Fairfax, he fought for the Commonwealth side by side with them, and after the death of the king, Charles I, obtained several important offices from the Protector. He was one of the twenty-one persons ap pointed to remedy the abuses of the realm, and had been one of the fifty-eight Round-heads to sign the death warrant of the king. Being arrested at the Restoration, he was consigned to the Tower of London, and on October 14, 1660, after being found guilty of the king's death, he was dragged