American Surety Co. Of New York v. Johnson

STEWART, Circuit Judge.

On August 6, 1951, Robert Johnson and Edward Holthouser robbed the Suburban Federal Savings and Loan Association, Covington, Kentucky, of $6,014.00 in currency. Later that day they met Joe Medley in Louisville, and the next day Medley, in the company of two men, purchased an automobile for $2,195, paying for it in five, ten, and twenty dollar bills, the same denominations as had been stolen. Medley admitted having received money from Holt-houser on the day of the robbery.

Three days later, Johnson and Holt-houser were arrested by FBI agents in New Orleans. At the time of…