State Ex Rel. Bane v. Nicholson

The question involved:’ Is it a breach of'a guardian’s bond for the guardian to place the entire trust fund, in’ the. amount of $8,401.01, on permanent (savings account) deposit in a commercial bank, without security, under ah agreement that the bank would pay six per cent interest thereon, said arrangement being allowed to stand until the failure of the bank, more than nine months after the deposit; the guardian so acting voluntarily, in the utmost good faith, and with tbe express approval of ber bondsman, but witb tbe result of tbe loss of tbe greater part of tbe fund in consequence of tbe…