2259. Bank of Fulton (Atlanta, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 2, 1868
Location
Atlanta, Georgia (33.749, -84.388)

Metadata

Model
gpt-5-mini
Short Digest
473d61729529eac5

Response Measures

None

Description

Multiple January 1868 newspaper items report petition in bankruptcy against the Bank of Fulton (Atlanta) and that officers refused to pay bills on demand. This indicates the bank had suspended payments and was subject to bankruptcy proceedings/receivership; no separate run is described. Classified as suspension leading to closure/receivership.

Events (3)
1. January 2, 1868 Other
Newspaper Excerpt
A PETITION IN BANKRUPTCY has been filed by certain bill-holders in Atlanta against the Bank of Fulton of that city. This case will bring up for decision several important questions arising under the bankrupt law between suspended banks and their bill-holders.
Source
newspapers
2. January 2, 1868 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Officers refused to pay bill-holders on demand, indicating inability or refusal to redeem notes leading to suspension.
Newspaper Excerpt
holders of a large amount of the bills of the Bank, which the officers refused to pay on demand.
Source
newspapers
3. January 7, 1868 Receivership
Newspaper Excerpt
filed a petition in Bankruptcy against the Bank of Fulton...the officers refused to pay on demand. This case, coming before the United States District court, will devolve upon Judge Erskine the responsibility of deciding the important questions, arising under the United States Bankrupt laws, between suspended Banks and their bill holders.
Source
newspapers

Newspaper Articles (3)
1. January 2, 1868 The Charleston Daily News Charleston, SC
Article from The Charleston Daily News, January 2, 1868

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Article Text

# A PETITION IN BANKRUPTCY A PETITION IN BANKRUPTCY has been filed by certain bill-holders in Atlanta against the Bank of Fulton of that city. This case will bring up for decision several important questions arising under the bankrupt law between suspended banks and their bill-holders.

2. January 7, 1868 The Tri-Weekly Standard Raleigh, NC
Article from The Tri-Weekly Standard, January 7, 1868

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Article Text

IMPORTANT MATTER IN BANKRUPTCY.Messrs. Wm. M. and R. J. Lowry, of this city, on yesterday filed a petition in Bankruptcy against the Bank of Fulton. Messrs. Lowry are the holders of a large amount of the bills of the Bank, which the officers refused to pay on demand. This case, coming before the United States District court, will devolve upon Judge Erskine the responsibility of deciding the important questions, arising under the United States Bankrupt laws, between suspended Banks and their bill holders. Messrs. Arnold, Broyles & Robinson are prosecuting the case for the petitioners.-Atlanta (Ga.) Intel.

3. January 8, 1868 The Weekly North-Carolina Standard Raleigh, NC
Article from The Weekly North-Carolina Standard, January 8, 1868

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Article Text

IMPORTANT MATTER IN BANKRUPTCY.Messrs. Wm. M. and R.J. Lowry, of this city, on yesterday filed a petition in Bankruptcy against the Bank of Fulton. Messrs. Lowry are the holders of a large amount of the bills of the Bank, which the officers refused to pay on demand. This case, coming before the United States District court, will devolve upon Judge Erskine the responsibility of deciding the important questions, arising under the United States Bankrupt laws, between suspended Banks and their bill holders. Messrs. Arnold, Broyles & Robinson are prosecuting the case for the petitioners.-Atlanta (Ga.) Intel.