Brown-Crummer Investment Co. v. Bankers Service Co.

The opinion of the court was delivered by

Burch, J.:

The action was one on a contract of indemnity which served as a policy insuring plaintiff against loss through abstraction and wrongful appropriation by the cashier of the bank, of bonds on deposit in the American State Bank of Wichita. The defense was that if liability on the policy accrued the liability was subsequently *584extinguished. The court stated findings of fact and conclusions of law, and rendered judgment for plaintiff. The insurers appeal.

Plaintiff was a dealer in bonds at Wichita and did its banking business with the American State…