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BANK GIVES UP BUSINESS. THE ATLANTA TRUST COMPANY TO PAY UP AND RETIRE. Only $75,000 Due Depositors, and They Will Be Paid in Full-The Stockholders Apt to Lose All They Have in It-The Bank's Officers Its Principal Stockholders-The Bank Has Ceased to Be Profitable, Owing to the Gradual Withdrawal of Its Deposits. Atlanta, Ga., May 14.-The Atlanta Trust and Banking Company announced this morning that they would liquidate and retire from business. The announcement was the outcome of an all-night meeting of the clearing house association held last night. The bank has, to all practical intents and purposes, made an assignment to the Georgia Trust Company, as that corporation is furnishing all the money to pay the claims of depositors, and will wind up the business of the Atlanta Trust Company. All depositors of the Atlanta Trust will get their claims in full, but the stockholders will get little or nothing in the liquidation. The capital stock is $150,000. It has been an open secret in the commercial world for months that the end of the Atlanta Trust was approaching, and the only question in the mind of local bankers was how the institution would wind up its business. The Atlanta Trust has been doing very little business of late, and the expenses have been rapidly eating into the capital stock, as there have been no profits. The crisis came last night, when a special meeting of the clearing house was called. Representatives of every bank in the association were present and a thorough investigation of the Atlanta Trust's affairs was made. The result of this meeting, which did not adjourn until 5 o'clock this morning, was the announcement by President W. A. Hemphill that the bank would liquidate and retire from business. All depositors were requested to present their pass books and get the amounts due them. The largest stockholders are the officers of the bank. They are W. A. Hemphill, president; A. P. Morgan, and J. C. Kirkpatrick, vice presidents; Charles Runnette, cashier; C. M. Roberts, assistant cashier. The directors are: Messrs. Hemphill, Morgan, Z. D. Harrison, A. L. Holbrook, J. C. Kirkpatrick, Runnette and J. J. Woodside. The reason assigned for retiring from business is that there was a gradual withdrawal of deposits, and the bank ceased to be profitable. About a year ago the deposits in the Atlanta Trust and Banking Company amounted to about $350,000. When the bank closed its doors yesterday there was $75,000 due depositors. AIthough the depositors have been notified to call and get their money, they have shown no haste in doing so. The Atlanta Trust and Banking Company was organized some years ago, its principal business at that time being the negotiation of loans. It was originally Chartered as the Georgia Security and Investment Company. About one year ago, Tom Erwin and Joseph McCord were directors in the Atlanta Trust. They were frozen out by President Hemphill and started a new bank, the Third National, just across the street. This bank soon got the best part of the Atlanta Trust's business and the result is the end of that institution.