Norman's New Orleans and Environs / Containing a Brief Historical Sketch of the Territory and State of Louisiana and the City of New Orleans, from the Earliest Period to the Present Time

by Benjamin Moore Norman

THE GAS BANK

This building, in St. Charles street, between Canal and Common streets, is so closely squeezed in among others, that it has little opportunity to show off the beauty it possesses. It was erected in 1839, under the superintendence of Sidel & Stewart, at an expense of about $25,000, ground $25,000, making $50,000, and is every way well calculated for a banking house. The original capital was $4,000,000, but it was reduced to $180,000, and by request of the stockholders, the banking privileges have been withdrawn by an act of the Legislature of 1845.