New Amsterdam Casualty Co. v. Iowa State Bank
Court of Appeals for the Eighth Circuit
In Error to the District Court of the United States for the Southern District of Iowa; Martin J. Wade, Judge. Action by the Iowa State Bank against the New Amsterdam Casualty Company. Judgment for plaintiff, and defendant brings error.
1DissentStone, Circuit Judge
It is here urged that the loss was not within the terms of the bond. The loss occurred just before bank opening time in the morning. The robbers, under pretense of desiring to make a deposit, gained admission to the building while three officers or employés were transferring funds from a safe in a vault to the tellers’ cages and were otherwise preparing for the day’s business. The robbers, with pistols, intimidated the bank employés and robbed the safe. The safe was in a vault which opened into the inclosure reserved for employés and officers. The policy covered robbery (by holdup) of money…
2Cases cited1 opinion
- Franklin State Bank v. Maryland Casualty Co.Court of Appeals for the Fifth Circuit · 1919