Welbourn v. Peoples Loan & Trust Co.

Defendant-appellee is a banking institution duly organized under the statutes of the State of Indiana, and located in Winchester, Indiana, with a branch bank at Modoc, Indiana. The bank has assets of $1,500,000.00.

We are concerned here with facts surrounding the branch bank at Modoc, which is a small town.

The Modoc bank was in a brick building and faced a fairly well lighted street and had an unbarred window on the back side of the building some six feet above the ground.

There was a vault in the bank which was locked each night and which vault contained a number of safety deposit boxes, which…