Manufacturers State Bank v. American Surety Co. of New York

This is an appeal from the circuit court of Bock Island county wherein a judgment was entered upon a directed verdict in favor of the appellee for $10,803.48 and costs.

William I. Taze was the president of the appellee bank. An examination of the bank was made by the Auditor of Public Accounts and revealed a shortage of about $200,000. This suit was brought on a surety ' bond given by Taze as president which bond was in the penal sum of $10,000. The judgment is for the amount of the bond together with interest.

The declaration contained a .number of counts in all of which the loss to the bank…