Article Text

DEATH OF J. R. TOLLESON. He Was at One Time a Well Known Banker in Atlanta. Atlanta, Nov. 14.-From affluence to poverty is the sad history of J. R. Tolleson, the once well known banker and broker, disclosed by his death to-day. He died of cancer of the throat. Two years ago Mr. Tolleson lost his wife. He leaves four children, three boys and one girl, the eldest a boy, being only 15 years of age. The little girl is only 13, the other boys are younger. He came to Atlanta in the early eighties from Spartanburg, S: C., and embarked in the brokerage business, with remarkable success. In 1886 the Empire State Bank, operated by him, was put in the hands of a receiver, and he was ordered by Judge M. J. Clarke to turn over certain money he was alleged to have had, but which he stoutly denied, and he was committed. to jail for contempt of court, where he remained for one year, when he was released. While engaged in the banking business he made collections throughout the country free, and incurred the disfavor of the local bankers, who sent out circulars denouncing his bank as a wild cat Institution. His three younger children will be placed in an orphan asylum, and the oldest boy will be procured a position in the city.