American Bonding Co. v. Ballard County Bank's Assignee

Opinion op ti-ie Court by

Judge Hurt

Reversing.

This is an appeal of the American Bonding Company of Baltimore, Maryland, from a judgment rendered against it in the Ballard Circuit Court, in favor of J. M. Page, assignee of the Ballard County Bank, for the sum of $2,642.59, on account of losses sustained by the bank within the period extending from February 28th,. 1910, to June 3rd, 1911, by the peculations of one W. F. Purdy, Jr., who was the cashier of the bank, and which acts amount to embezzlement or larceny from the' bank. The appellant was the surety of Purdy in a bond executed to the bank…