Hope v. American Bonding Company

The plaintiffs in this case filed a suit against American Bonding Company, and Grover S. Jernigan, Bank Commissioner. The Bank Commissioner was sued because he had charge of the Community Bank & Trust Company of Hot Springs, Arkansas, in the matter of its liquidation.

According to the complaint the said bank had been appointed as guardian or curator of W. T. Hope, as an insane person and under such appointment had executed a statutory bond in the sum of $10,000.

Its first surety was the Home Accident Insurance Company, but that company later became insolvent and on the 5th of January, 1931, a…