Webb v. United States Fidelity & Guaranty Co.

This litigation, like the companion case of E. B. Jones, Receiver, etc. v. United States Fidelity & Guaranty Company, ante, page 349, 182 S. E. 560, decided at this term, arises out of the defalcations of George B. Venable while treasurer of Bath county.

The United States Fidelity & Guaranty Company, as surety on Venable’s official bond, having settled for his shortages in his public funds, filed its petition in the receivership proceedings wherein the affairs of the Bank of Warm Springs, Inc., were being liquidated. The surety alleged, among other things, that the bank had aided and abetted…