Ogden Evening Standard | 1910-09-13 | Page 7 | Oklahoma Bank Guaranty Fund Saved $240,000

OKLAHOMA BANK GUARANTY FUND SAVED $240,000 Guthrie, Okla.. Sept 13. Tfireo surety companies, banking the funds of the Oklahoma school land office on deposit In the wrecked Columbia Banking and Trust company of Oklahoma Okla-homa City when the Institution failed, were held for $140,000 today by a de clslon of the state supreme court. At the same time tho hank guaranty fund was relieved of responsibility for tho same amount By the same court decision, a Kansas Kan-sas City company, which already had paid s'1,000 bonds on state funds and surety companies protecting the Oklahoma Okla-homa county deposit approximately $70, nX. are prevented from recovering recover-ing ,'from the bank guaranty fund, which Is thus $240.0iin better off by the supreme court decision.