American Surety Co. v. Peoples Bank

The petition alleges that Easterling was cashier of the Peoples Bank and was later appointed administrator of the estate of Mrs. Waters; that the American Surety Company en*30tered into a bond to indemnify the bank for such pecuniary loss as the bank '“shall have sustained of money or other personal property (including that for which the employer is responsible), by any act or acts of larceny or embezzlement on the part of the employee, directly or through the connivance with others while in any position or at any location in the employ of the employer.” And it likewise alleges that there is a…