Madsen v. Dakota State Bank

In these two actions brought to recover rewards the facts were all agreed at the trial. Plaintiff appeals from the judgment dismissing the actions. Defendants are state banks located at Revillo and Stockholm, South Dakota. Each carried a Bankers’ Blanket Bond issued by the hereafter named indemnity company covering losses resulting from robbery or burglary. They had them on display signs which read as follows:

“$1000 REWARD ' FOR THE CAPTURE OF BANK ROBBERS WILL BE PAID BY THE

SAINT PAUL-MERCURY INDEMNITY COMPANY WHICH GUARANTEES THE PAYMENT OF THIS REWARD

“This bank offers a reward of $1000 to…