Strauss v. United States Fidelity & Guaranty Co.

SOPER, Circuit Judge.

United States Fidelity & Guaranty Company, a Maryland corporation, complainant in a suit in equity in the District Court, was awarded a decree for $9,054.32, against the defendants below who had been directors of the Sumter Trust Company, a South Carolina corporation. The Guaranty Company had issued its bonds to secure the faithful performance by the Trust Company of its duties as trustee under a will, and had made good a loss suffered by the trust estate at the hands of the trustee. The suit was brought by the Guaranty Company, relying ou the equitable principle of…