National Bank of South Carolina of Sumter v. American Surety Co. of New York

SOPER, Circuit Judge.

The National Bank of South Carolina of Sumter brought an action at law against American Surety Company of New York in the District Court to recover a loss it had sustained through the disappearance of three United States Liberty bonds of the value of $3,103.88. The action was based upon a surety bond, whereby the surety company agreed to indemnify the bank in the sum of $25,000 against direct loss of any of its money or securities through any dishonest act of its employees or through robbery, burglary, or larceny while the property was on the premises of the insured. It…