Globe Indemnity Co. v. Union & Planters' Bank & Trust Co.

KNAPPEN, Circuit Judge.

Defendant in error (hereinafter called plaintiff), a banking corporation organized under the laws of Tennessee and doing business at Memphis, brought suit against plaintiff in error (hereináfter called defendant), a corporation organized under the laws of New York, and having an office or agency at Memphis, to recover the amount lost by plaintiff through the fraud, dishonesty, and misapplication of plaintiff’s banking funds by its salaried vice president, Robert S. Polk, against whose misconduct defendant had contracted to indemnify plaintiff under two certain bonds or…