United States Fidelity & Guaranty Co. v. Wooldridge

WALKER, Circuit Judge.

On August 28, 1921, the plaintiff in error (herein called the Guaranty Company) issued to the National Bank of Cleburne (herein called the Bank) a so-called “banker’s blanket bond,” in the sum of $25,000, whereby the Guaranty Company agreed to indemnify the Bank and to hold it harmless from and against loss to an amount not exceeding $25,000 through any dishonest act of any of the Bank’s employees. A few days prior to the above-mentioned date the Guaranty Company became the Bank’s surety on a bond in favor of the Gulf, Colorado & Santa Fé Railway Company, the condition…