Mendel v. Boyd

Albert, C.

One, since deceased, while cashier of a state hank in Iowa, embezzled f18,000 of the funds of the bank. Herman Mendel, the plaintiff in this action, and another were his bondsmen, and made good the shortage. A large portion of the funds thus embezzled were lost by the cashier in gambling on the board of trade, through the defendant who conducted a commission house. The plaintiff by assignment succeeded to the rights of his fellow bondsman in the premises, and brought this action against the defendant for the full amount of the cashier’s shortage to the bank. The petition sets forth…