Wednesday, May 30, 2012
The newly formed Louisiana Abstract Company was able to acquire the structure for $325,000 in a transaction that allowed for a reduced mortgage in exchange for stock options. Meyer Eiseman spearheaded the negotiations, touting the new company as a means of expediting real estate transactions.(2) Shortly after the Perrin property transfer, the building was renamed the Louisiana Abstract & Title Guarantee Building. The company brandished its building on its letterhead by 1919.
(1) "Perrin Building Named with Ceremony." The Daily Picayune 4 October 1907, p. 4.
(2) "Perrin Building is Transferred to New Company." The Times-Picayune 7 June 1914, p. 40.
Image above: A. Lippman, letter to Walter J. Seghers, 13 October 1919, Guy Seghers Office Records, "District 6 Square 606," Southeastern Architectural Archive, Special Collections Division, Tulane University Libraries.