Union Pacific Lodge No. 17, A. O. U. W. v. Bankers Surety Co.

Jackson, 0.

The plaintiff had judgment in an action on an employer’s indemnity policy issued by the defendant for the protection of the plaintiff against loss by larceny or embezzlement of its officers. The financier and receiver are among the principal financial officers of the plaintiff. The contract of indemnity covered both of these offices. During the period involved in the transactions in suit, Henry McCoy was the financier and Ross 0. Rowley the receiver. It was claimed in the petition that both of these officers were short in their accounts, and judgment was asked to cover the default…