| Show I I DANK BANK GUARANTEE U A T C CI LAW LAWA I I A DANGER I I The Tho Oklahoma bank In law is IR con condemned because of the latest expert ce In that state with a bank fail failUre Lire Ure The San Francisco Call says Oklahoma wIth a bank failure for forI fo r I Is having Its first impo r I t nl with the tho Guarantee e Jaw lav The Tho fund already raised b tax tar I atlon for the tho guarantee or of deposit is Is completely wiped out and the thc hn 1 I at c must he be me m t l hr h an t 1 j on on the tho solvent banks of the tho state slate That Is to 81 say the tho prudent pruden 1 anti and hon honI ho n eat It banker Is to pay pal the th i I I d debts Incurred by br tim au blet and andI an I wildcat speculator i Tho Oklahoma law is a 11 direct e c n 1 i I to dishonest bankin g Under Its operation the careful and con conservative inn nn not noti com Cott pete with the dishonest op who Is ready to take reckless chances to secure The speculator can offer all sorts of fa favors and Induce men acute Is to gather In depositors her he cause he does docs trot liot intend to pa pay If II lie loses and ill let the state and ids his brother bankers take care of his hh debts In case eRSO his ventures go wrong wron I At the tho natural consequence banking I has Ims become unsafe In Oklahoma There is no sort of justification for Cor forthe the tho recent big failure times are good brood In Oklahoma and the people oro In n a season cn on o of panic It is certaIn that there would be rioz doz dozen en of failures In that state with the tho result that the guarantee law would bo impossible of enforcement |
