Maryland Casualty Co. v. American Trust Co.

71 F.2d 137 (1934)

MARYLAND CASUALTY CO.

v.

AMERICAN TRUST CO.[*]

No. 7083.

Circuit Court of Appeals, Fifth Circuit.

June 6, 1934.

J. Newton Rayzor, of Houston, Tex., for appellant.

A. J. Lewis, of San Antonio, Tex., and Edgar Monteith, of Houston, Tex., for appellee.

Before BRYAN, SIBLEY, and HUTCHESON, Circuit Judges.

HUTCHESON, Circuit Judge.

This suit, brought to recover losses on stock loans, is on a banker's blanket bond insuring appellee against "direct loss * * *" "from any dishonest act of its employees," issued by appellant in February, 1929. The claim is that Ikard, appellee's president,…