Hansen v. American Bonding Co.

Tbis action was brought by tbe present state supervisor of banking to recover on two bonds issued by appellant for losses alleged to bave been guaranteed by tbe bonds of tbe now insolvent American Bank of Spokane.

The first cause of action is upon what is named Bankers’ Blanket Bond, which is not a statutory-bond and is in the sum of fifty thousand dollars; while the second cause of action is upon a statutory bond under which certain officers and employees of the bank are covered in the sum of $650 each. Judgment was entered on each cause of action in favor of respondent in the full sum of…