North Side State Bank v. United States Fidelity & Guaranty Co.

This action was commenced on . October 24, 1921, by the respondent bank, a domestic corporation, and the supervisor of banking, as liquidator in insolvency, to recover from appellant the sum of $2,500 upon a fidelity bond.

*343Appellant admitted the allegations of the complaint, and by its answer alleged two affirmative defenses as set-off and counterclaim. The affirmative defenses are too long to set forth in full in this opinion, but may be summarized as follows: The fidelity bond was written on September 3, 1920, to guarantee the bank against loss by fraud, dishonesty, forgery, theft, larceny,…