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Show OUARANTY FUND DRAWN UPON Oklahoma Banking Law Causes Joy to Depositors H (luthrlo Okla Within ono hour from tho tlmo II II Smock, (Oklahoma. 1 I anklnff commissioner, had taken chargn of tho International Hank ot Colgato, for ntlegcd violation nf tho banking laws, ha had aulhoilty to pay Iho depositor In full, though tbo binks cash nnd nvnllablo funds In other banks fell $22 000 short of tho total amount nt deposits Tho com mlssloner was enabled to do this un dor tho operation of Iho new hank Ing law, nnd Ihls Is tho llrst tlmo It haw been called Into use When tho cash was ixhnuslid thu commissioner drew clucks upon Iho stato guaranty lunl under lira o pi ration of tin-guaranty tin-guaranty banking Inw In Oklahoma a tax or 1 per cent Is levied upon the nvcrago annual deposits of all slate hanks nnd tho money thus raised Is i.sod In payment In full of all depositors depos-itors of an Insolvent stale bank after tho funds ot tho bank havo been tx haustcd |