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FORMER HOME OF BANK SELLS CHEAP AT AUCTION Dr. Horace Grant Gets Property of Guaranty Trust Co. for Bid of $55,00.0 The former quarters of the Guarantee Trust and Banking company or Alabama street, between Whitehall and Pryor streets, were sold at auction Thursday morning to Dr. Horace Grant, for $55,000. Forrest Adair was the auctioneer. The property brought $1,417.51 a front foot, which was considered remarkably cheap. It sold in 1910 for $60,000, and the purchasers then made alterations on the building and installed vaults and other expensive equipment, which went with the property at Thursday's sale. Dr. Grant would not say whether he bought the property for himself or was agent for someone else. The property consists of a two-story and basement brick building on a lot fronting 38.8 feet on Alabama street, with a depth of 98.2 feet. It is on the same side of the street as the Connally and Temple Court buildings. The present sale was made on terms of onefourth cash and the balance in one, two and three years. It was sold .by the receivers of the Guarantee Trust and Banking company. HAD SEVERAL OWNERS. This property was the quarters before the war of the old Fulton National bank, of which E. W. Holland, and later Alfred Austell were presidents. From it was formed the Atlanta National bank, which bought the property. On moving to its present quarters, the Atlanta National bank sold its old location to E. W. Alfriend. He sold it to Sam Smith, president of the Guarantee Trust and Banking company, in 1910. A large crowd jammed the building at Thursday's sale, and it has been a long time since a larger or more representative gathering attended an auction sale of real estate in Atlanta. The sale was started by Dr. Grant with a bid of $40,000. John W. Grant raised it to $45,000. E. C. Peters bid $52,000 and Mr. Grant raised the bid to $53,000. Dr. Grant then made his successful bid.