United States, Fidelity and Guaranty Co. v. Newton

The appellees, who were plaintiffs below, brought this suit to recover from Pearl Mae Hayes and appellant the penalty named in an indemnity bond, executed and delivered by the latter to, and guaranteeing plaintiffs against loss, occasioned through certain acts of Miss. Hayes, their cashier and clerk. The bond obligated appellant to reimburse plaintiffs for any pecuniary loss by them sustained of money, securities or other personal property in the possession of the employee, or for the possession of which she was responsible, by reason of any act of fraud or dishonesty upon her part, while in…