2733. Travelers Bank & Trust Company (Atlanta, GA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
trust company
Start Date
January 21, 1914
Location
Atlanta, Georgia (33.749, -84.388)

Metadata

Model
gpt-5-mini
Short Digest
d304774e

Response Measures

None

Description

The Travelers' Bank & Trust Co. failed to open Jan 21, 1914; the state bank examiner took charge and a temporary receiver was appointed, later replaced by Atlanta Trust Company as permanent receiver. No article describes a depositor run or reopening — the bank remained in receivership and assets/liabilities were reported, so classify as suspension leading to closure/receivership.

Events (4)

1. January 21, 1914 Receivership
Newspaper Excerpt
Judge W. D. Ellis of the Fulton superior court this afternoon appointed Charles I. Ryan of Atlanta temporary receiver for the Travelers Bank and Trust company.
Source
newspapers
2. January 21, 1914 Suspension
Cause
Government Action
Cause Details
State bank examiner took the affairs in hand; judge appointed a temporary receiver after the bank failed to open.
Newspaper Excerpt
The Travelers' bank of this city failed to open its doors for business today. The affairs of the institution have been taken in hand by the state bank examiner of Georgia.
Source
newspapers
3. January 25, 1914 Other
Newspaper Excerpt
Travelers to Pay 25 Per Cent in 15 Days Depositors in the Travelers Bank and Trust Company, which closed its doors last Wednesday, will within fifteen days receive 25 per cent of the amounts due them. This is guaranteed by the Atlanta Trust Company, appointed permanent receiver by Judge Ellis, of the Superior Court, late Saturday. It is understood all the bank's obligations will be paid in full. The receiver's bond is $15,000.
Source
newspapers
4. February 23, 1914 Other
Newspaper Excerpt
The Atlanta Trust Company, receivers for the defunct Travelers' Bank and Trust Company, Monday filed a report with the Clerk of the Superior Court, showing the resources and liabilities of the concern on January 20, 1914.
Source
newspapers

Newspaper Articles (7)

Article from The Birmingham Age-Herald, January 22, 1914

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Article Text

ATLANTA BANK CLOSES ITS DOORS Atlanta, Ga., January 21.-The Travelers' bank of this city failed to open its doors for business today. The affairs of the institution have been taken in hand by the state bank examiner of Georgia. The bank was organized about two years ago with a capital stock of $200,000. Its deposits are said to be less than that amount. The Institution was not a member of the local Clearing House association. Judge W. D. Ellis of the Fulton superior court this afternoon appointed Charles I. Ryan of Atlanta temporary receiver for the Travelers Bank and Trust company.


Article from Atlanta Georgian, January 25, 1914

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Article Text

Travelers to Pay 25 Per Cent in 15 Days Depositors in the Travelers Bank and Trust Company, which closed its doors last Wednesday, will within flfteen days receive 25 per cent of the amounts due them. This is guaranteed by the Atlanta Trust Company, appointed permanent receiver by Judge Ellis, of the Superior Court, late Saturday. It is understood all the bank's obligations will be paid in full. One of the conditions of the receive ership, which was suggested by Governor Slaton and Attorney General Felder, is that if the trust company has not sufficient funds of the bank on hand to pay the 25 per cent due at the end of fifteen days, it shall furnish the payment out of its own funds and without cost to the estate. The receiver's bond is $15,000. The receiver is directed to employ as counsel Messrs. Dorsey, Brewster. Howell & Heyman and Charles T. and Linton C. Hopkins. Their compensation is fixed at $7,500.


Article from The Herald-Advance, January 30, 1914

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Article Text

The Traveler's bank of Atlanta, Ga., has closed its doors for business. The bank was organized about two years ago with a capital stock of $200,000. Its deposits are said to be less than that amount. Arrangements for the caring indefinitely of Gen. Salvador Mercado and his 4,300 federal soldiers who ran into the United States after being defeated by the rebels at Ojinaga, Mexico, have been completed at Fort Bliss. Martin Korff of Rolla, Mo., former cashier of the defunct bank of Everton, at Everton, Ark., pleaded guilty at Fort Smith to embezzlement of the bank's funds, and was sentenced to twelvo years in the penitentiary. Ten Kansas City Greeks were ordered deported following a government investigation of a syndicate of Greek white slavers alleged to have operated extensively in the middle west. Most of the men are keepers of coffee houses or saloons. An organization of farm mortgage dealers, national in scope, has been formed at Chicago, and W. D. Hord of New York, cliairman of the I organization committee, sent out a call for a general convention, to beiheld at New York, February 26 and 27. Mediation of the differences between the New York, Chicago & St. Louis railroad and its telegraphers, station agents, tower men and signal men, who have voted to strike, will be undertaken at Cleveland, 0., by Judge William L. Chambers, United States commissioner of mediation and conciliation. Federal officers at Los Angeles will institute proceedings to revoke the naturalization papers of U. S. Kaneko, one of the wealthiest Japanese in California. He is the only Japanese citizen of the United States. He was granted naturalization papers eigh. teen ears ago, despite the law denying citizenship rights to orientals. Railroad owned beef cars are given a preference over private refrigerator cars, according to the testimony of William L. Barnes. superintendent of transportation of the Chicago, Bur lington & Quincy railroad, the chief witness at Chicago, in the government inquiry into the relations of the railroads and owners of private cars. Vigorous criticism of the department of justice in relation to the New Haven & Hartford and the American Telephone and Telegraph cases was made in the house by Representative Morgan of Oklahoma. He said that while the results of the settlements reached might be beneficial, Attorney General McReynolds had exceeded his authority in settling out ok courts cases which could have been prosecuted. under the law. FOREIGN. 1" The Japan Trust company of Vancouveh, which carried on a real estate and loan business of some dimensions among the orientals of Vancouver, has gone into liquidation. Hrancis de Pressense a tical writer, who for a.tew months in 1880 secretary or the French bassy at Washington, died at Paris, aged sixty years. Another difference between Buckingham/palace, over which Queen Mary presides, and Marlborough house, of which Queen Mother Alexandra is mistress, has risen, this time over the title by which the deposed King Manuel of Portugal and his bride are to be known officially. The decree Imposing a 5 per cent tax on merchandise has not yet been issued in Mexico, although it is expected that similar loans will enable President Huerta to keep up a dogged resistance SO long as money from any source can be obtained. The recent decree suspending interest payments on the national debt should net the government about $15,000,000. Russia's "black cabinet" has brought on a minor international crisis. The "black cabinet" is a va


Article from Atlanta Georgian, February 23, 1914

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Article Text

Receivers of Defunct Travelers Bank File Report of Condition The Atlanta Trust Company. receivers for the defunct Travelers' Bank and Trust Company, Monday filed a report with the Clerk of the Superior Court. showing the resources and liabilities of the concern on January 20, 1914. The report, filed through Attorneys Dorsey, Brewster, Howell & Heyman, and Charles T. and L. C. Hopkins, placed the bills receivable at $435.419.30, stocks and bonds at $11,150. and cash on hand at $35,268.56. Among the liabilities were the deposits, figured at $187,672.97 and the bills payable at $74.150. Judge Bell, of the civil division of the Superior Court, Monday granted a petition of the receivers to be allowed to sell the fixtures of the bank to individual purchasers.


Article from Atlanta Georgian, February 23, 1914

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Article Text

Receivers of Defunct Travelers Bank File Report of Condition The Atlanta Trust Company, receivers for the defunct Travelers' Bank and Trust Company, Monday filed a report with the Clerk of the Superior Court. showing the resources and liabilities of the concern on January 20. 1914. The report. filed through Attorneys Dorsey, Brewster, Howell & Heyman, and Charles T. and L. C. Hopkins, placed the bills receivable at $435.419.30. stocks and bonds at $11,150, and cash on hand at $35,268.56. Among the liabilities were the deposits, figured at $187,672.97 and the bills payable at $74.150. Judge Bell, of the civil division of the Superior Court. Monday granted a petition of the receivers to be allowed to sell the fixtures of the bank to individual purchasers.


Article from Atlanta Georgian, February 23, 1914

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Article Text

Receivers of Defunct Travelers Bank File Report of Condition The Atlanta Trust Company, receivers for the defunct Travelers' Bank and Trust Company, Monday filed a report with the Clerk of the Superior Court, showing the resources and liabilities of the concern on January 20, 1914. The report, filed through Attorneys Dorsey, Brewster, Howell & Heyman, and Charles T. and L. C. Hopkins, placed the bills receivable at $435.419.30. stocks and bonds at $11,150, and cash on hand at $35,268.56. Among the liabilities were the deposits. figured at $187,672.97 and the bills payable at $74.150. Judge Bell, of the civil division of the Superior Court, Monday granted a petition of the receivers to be allowed to sell the fixtures of the bank to individual purchasers.


Article from Atlanta Georgian, February 24, 1914

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Article Text

# Receivers of Defunct # Travelers Bank File # Report of Condition The Atlanta Trust Company, receivers for the defunct Travelers' Bank and Trust Company, Monday filed a report with the Clerk of the Superior Court, showing the resources and liabilities of the concern on January 20, 1914. The report, filed through Attorneys Dorsey, Brewster, Howell & Heyman, and Charles T. and L. C. Hopkins, placed the bills receivable at $435,419.30, stocks and bonds at $11,150, and cash on hand at $35,268.56. Among the liabilities were the deposits, figured at $187,672.97 and the bills payable at $74.150. Judge Bell, of the civil division of the Superior Court, Monday granted a petition of the receivers to be allowed to sell the fixtures of the bank to individual purchasers.