Show A GUARANTY FUND DRAWN UPON I 1 I 1 oklahoma banking law causes joy to depositors guthorle okla okia within one 0 hour from tho time H 14 smock oklahoma hanking banking cornils commissioner 1 had taken charge of the international bank of 0 colgate for alleged violation of tho the banking laws he hid had authority to pay the depositors in full though the banks cask cash and available funds in other banks fell short of the total amount of deposits de the coa corn was war enabled to do 6 this un der the operation of the bew new banking law and this Is th the e first tinie time it has been called into use when the cash was exhausted the commissioner orew drew checks upon the state guaranty lund fund under r the operation of the guaranty banking law in oklahoma a tax or 1 per cent id 18 1 8 levied upon pon ii the average annual deposits of all state 1 anks and the money thus raised la Is used sed in payment in full of all depos depoe igors of an insolvent state bank after the he funds of the bank have been ex bausted na |