Coach Corp. v. State

Claimant, Coach Corporation of Freeport, an Illinois corporation, seeks reimbursement for a loss it sustained by reason of the misappropriation by the chief security examiner of the Industrial Commission of Illinois of certain U. S. Treasury Bonds which claimant deposited pursuant to the provisions of the Workmen’s Compensation Law.

' The essential facts of record as resolved by the department report and stipulation of the parties are as follows:

On April 22, 1941, claimant deposited five $1,000.00 negotiable U. S. Treasury Bonds bearing 2%% interest, with the Industrial Commission pursuant to…