2254. Atlanta Trust Company (Atlanta, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust
Start Date
February 1, 1913
Location
Atlanta, Georgia (33.749, -84.388)

Metadata

Model
gpt-5-mini
Short Digest
a8e4803b4e9f82e7

Response Measures

None

Description

Articles (Atlanta Georgian, Feb 1, 1913) discuss proceedings in which a receiver was named for the Atlanta Trust Company (J. L. Dickey suit) and petitions concerning sale of property. No bank run or deposit withdrawals are described. Receiver indicates closure and liquidation proceedings (suspension leading to receivership).

Events (3)
1. February 1, 1913 Other
Newspaper Excerpt
The petition, filed by Evins & Spence for the Atlanta Trust Company, sets forth that the annual interest on the mortgage bonds is $400. The petitioners assert that the present arrangement is not at all satisfactory to the large creditors.
Source
newspapers
2. February 1, 1913 Receivership
Newspaper Excerpt
Small creditors, interventors on the J. L. Dickey suit through which the receiver was named, see in the action of the latest development a move to sacrifice the property of the club for something like $80,000, the amount of the trust companies' claims.
Source
newspapers
3. February 1, 1913 Suspension
Cause
Government Action
Cause Details
Receiver was named through the J. L. Dickey suit leading to suspension/closure and petitions to sell assets.
Newspaper Excerpt
Small creditors, interventors on the J. L. Dickey suit through which the receiver was named...
Source
newspapers

Newspaper Articles (2)
1. February 1, 1913 Atlanta Georgian Atlanta, GA
Article from Atlanta Georgian, February 1, 1913

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Article Text

Present Arrangements Displease Big Creditors. The petition, filed by Evins & Spence for the Atlanta Trust Company, sets forth that the annual interest on the mortgage bonds is $400. The petitioners assert that the present arrangement is not at all satisfactory to the large creditors. Small creditors, interventors on the J. L. Dickey suit through which the receiver was named, see in the action of the latest development a move to sacrifice the property of the club for something like $80,000, the amount of the trust companies' claims. Through their attorney. W. W. Visanska. they will oppose the petition Monday on the grounds that the time is not ripe for the sale of the club property. At public auction now, they maintain, the land would not bring the $100,000 necessary to satisfy all claimants.

2. February 1, 1913 Atlanta Georgian Atlanta, GA
Article from Atlanta Georgian, February 1, 1913

Click image to open full size in new tab

Article Text

Present Arrangements Displease Big Creditors. The petition, filed by Evins & Spence for the Atlanta Trust Company, sets forth that the annual interest on the mortgage bonds is $400. The petitioners assert that the present arrangement is not at all satisfactory to the large creditors. Small creditors, interventors on the J. L. Dickey suit through which the receiver was named, see in the action of the latest development a move to sacrifice the property of the club for something like $80,000, the amount of the trust companies' claims. Through their attorney, W. W. Visanska, they will oppose the petition Monday on the grounds that the time is not ripe for the sale of the club property. At public auction now, they maintain, the land would not bring the $100.000 necessary to satisfy all claimants.