2712. Home Bank (Atlanta, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
October 18, 1895
Location
Atlanta, Georgia (33.749, -84.388)

Metadata

Model
gpt-5-mini
Short Digest
6af5eb1e

Response Measures

None

Description

The Home Bank of Atlanta was placed in the hands of a temporary receiver on Oct 18, 1895 as a friendly proceeding to wind up the small institution; no run is reported. The bank's assets were later transferred to the Georgia Loan, Savings and Banking Company (reported Nov 20, 1895). This is a suspension/receivership that results in permanent closure.

Events (2)

1. October 18, 1895 Receivership
Newspaper Excerpt
The Home Bank of Atlanta was placed in the hands of J. H. Goldsmith as temporary receiver today ... the receivership is a friendly proceeding ... the intention of the bank ... to go out of business.
Source
newspapers
2. November 20, 1895 Other
Newspaper Excerpt
J. H. Goldsmith, the receiver ... has made a transfer of the assets of the bank, with the encumbrances upon them, to the Georgia Loan Savings and Banking Company for $750.
Source
newspapers

Newspaper Articles (3)

Article from The Morning News, October 19, 1895

Click image to open full size in new tab

Article Text

A BANK TO BE WOUND UP. The Institution Going Out of Business a Small One at Atlanta. Atlanta, Ga., Oct| 18.-The Home Bank of Atlanta was placed in the hands of J. H. Goldsmith as temporary receiver today upon the petition of A. P. Stewart, W. H. Holcombe, and Mrs. E. A. Collins, whose claims amount to $6,000. It is stated by the president, J. R. Collins, that the receivership is a friendly proceeding, it being the intention of the bank, which is a small institution, to go out of business, the application for a receiver having been brought for that purpôse. The bank did not do a regular deposit business and there will be no losses to the public, the stockholders being the movers in the receivership action.


Article from Birmingham State Herald, October 19, 1895

Click image to open full size in new tab

Article Text

A Bank in Trouble. Atlanta, Oct. 18.-J. H. Goldsmith was appointed receiver today for the Home bank, a small concern here. The creditors who bring the bill say they have a deposit of about $6000. R. J. Collins is president of the bank.


Article from The Morning News, November 20, 1895

Click image to open full size in new tab

Article Text

County Commissioners-1 Preacher Arrested as a Moonshiner-A Member of the Kimball Opera Company Dies at Atlanta. GEORGIA. The Presbyterian synod of Georgia will meet at Macon to-morrow, and will be in session three days. The Seaboard Air Line will build a new freight depot in Atlanta. The structure will go up on Spring place, and work will be started at once. A voter of Macon has entered suit for $10,000 against three of the city registrars, who to allow him to register or take the oath that would enable him to do so. A bill of sale of the German newspaper known as the Georgia Staats Zeitung, from the Gate City Publishing Company to Louis P. Fortman. was recorded with the clerk of the superior court at Atlanta Monday At a political meeting in the Swift build ing at Athens Monday night, Theodore Royal was cut on the throat and right arm by two unknown parties While his condition is critical, he will recover, al though there are many chances against him. A mortgage on the stock of the Westmoreland pharmacy at 63 Whitehall street in favor of the Neal Loan and Banking Company for $6,065, was filed in the office of the clerk of the superior court at At lanta Monday for record. The mortgage was dated Nov. 9. Fire started in the dwelling of A. B Sams of Gibson Sunday and did considerable damage to the building and destroyed furniture and household goods to the amount of about $50. The blaze is thought to have been of incendiary origin. A number of mortgages on the stock of Joseph Gross the tailor 92 Alabama street, at Atlanta, were filed for record Monday They were as follows Capital City Bank, $125 Mrs Sarah Wiseberg $425: Inman, Smith & Co., $47.90; Atlanta Paper Company, $16.90, and H. C. Erwin, $60. A bill is under contemplation making changes in the act constituting the city court of Richmond county The change contemplates increasing the number of terms to six a year, and allows judgments to be taken at the first term. thus abolishing the appearance term. The bill will be offered at this session of the legisla ture. The last of a large number of arrests of moonshiners for operating in Harris county was the arrest Monday of C. W Henderson, a preacher, on the charge of conducting and working in an illieit distillery. He recently testified against moonshiners and for safety moved out of Harris county. He was placed under $100 bond. The three-year-old son of Judge Edgar H. Orr of Atlanta, got hold of a bottle of chloroform at his home on Tattnall street Saturday, and swallowed a portion of its contents. It is thought that the child swallowed a large amount of the drug. as it was only a short while before he sank into a deep stupor. A physician saved his life. Mrs. Frank Conway, a member of the Kimball Opera Company, which was at Atlanta last week filling an engagement at the Columbia theater, died in that city Monday, after a brief illness, When the opera company arrived in Atlanta Mrs. Conway was in and was carried to the hospital for treatment. She suffered from typhoid fever and grew worse in stead of better Deputy Sheriff Will Greene left At. lanta Monday for Columbus, O. armed with requisition papers for Will Bruce, who is charged with having had a hand in killing Early Beatty on the night of July in Atlanta. Bruce was arrested Saturday in Cincinnati. There was $100 reward offered for his arrest His partner in the crime, Adolphus Badger was brought back from Cincinnati several days ago. Arthur Lackey mail carrier between Covington and Jackson, was bound over to the United States court at Macon Monday by Commissioner Erwin on the serious charge of robbing the mails of registered letters. In default of bail he was committed to jail to await the regular session of the court The alleged offense was committed the latter part of October, but the crime was not traced to Lackey until the first part of November Two letters had been registered from Newton Factory to New York. One contained a check for $680 drawn on the Carbin Banking Company of New York, by the Clark Banking Company of Covington. and the other contained some valuable title bonds W. H Pickett, the postmaster at Newton Factory took charge of the case as soon as it was reported to him that the letters had not reached their destination, and suspicion rested on Lackey the mail carrier When charged with the crime, Lackey confessed and told the postmaster where the torn pieces of the registered letter envelopes could be found. The Bibb county grand jury wants the Jail and care of the prisoners placed in charge of the county commissioners, and to that end has passed a special present ment requesting Bibb's representati in the legislature to have the bill brought by Mr Branan of Fulton on the same line amended so as ti include all counties with a population of 42,000. Mr. Branan's bill was inspired by the recent escape of Will Myers. the Atlanta boy murderer, and is entitled, an act to provide for the control management and regulation of jails and the appointment of jailers in all counties having a population of 75,000 inhabitants wherein there are now established and may hereafter be established a board of county commissioners. This simply means that Representative Branan wants the Fulton county jail put under the control of the county commissioners of that county and the action of Bibb's grand jurors means that they want the change to include Bibb county thereby taking the appointment of the jailer and the con trol of the jail out of the hands of the sheriff All jail fees are to be turned over to the county commissioners and the jailer and his assistants are to be paid salaries. J. H. Goldsmith. the receiver appointed by the court to take charge of the affairs of the Home Bank of Atlanta, acting by authority of a consent order passed by Judge Lumpkin, has made a transfer of the assets of the bank, with the encumbrances upon them, to the Georgia Loan Savings and Banking Company for $750 Burton Smith, and L Z. Rosser representing the contestants in the case made a thorough examination of the affairs of the bank and found that its assets con sisted of real estate with encumbrances upon it. These assets, it was figured could not possibly bring as much as the liabilities of the bank, about $50,000 This was the clusion reached by the attor neys who felt satisfied that the assets of the bank would not pay dollar for dollar. At this time the Georgia Loan, Savings and Banking Company made an of fer of $750 for the assets with the encumbrances upon them, and the attorneys went before Judge Lumpkin and asked him to pass an order accepting this offer. The order was passed and the transfer was made. If the assets make more than the liabilities, then the purchasers will make some money, and if they do not they will lose.