Peoples Sav. Bank v. American Surety Co.

RAYMOND, District Judge.

The agreed statement of facts upon which this case is submitted makes unnecessary any extended recital. The issue involves the right of plaintiff to recover upon a so-called “banker’s blanket bond” dated December 5, 1931, a copy of which is attached to the declaration. By its terms defendant agreed to indemnify plaintiff against direct loss, through robbery of money or securities held by the insured as bailee, trustee, or agent. “Securities” are defined in the bond to mean “money orders (express, postal, pension, bank), bonds, debentures, scrip, warrants, checks,…