Hartford Accident & Indemnity Co. v. Shaw

This suit was brought by the state banking commissioner, in whose hands the Farmers’ State Guaranty Bank of Na-vasota, Tex., had been placed for liquidation, against the appellant company, on an indemnity bond for $10,000, executed by it, and protecting said bank] against “such pecuniary loss as it may sustain of money or other valuable securities embezzled, wrongfully abstracted, or willfully misapplied” by R. L. Renick, cashier of said bank. The trial was to the court without a jury, and judgment rendered against the indemnity company for the full amount of the bond, from which judgment it…