VAN VALKENBURGH, Circuit Judge.
Appellant is an Arkansas corporation with its principal place of business at the city of Ft. Smith in said state. It appointed one Dan Dewberry local agent at Texarkana, Ark., and December 14, 1925, appellee, issued to appellant a surety bond, whereby it undertook to reimburse appellant to the extent of $5,000 on account of any pecuniary loss appellant might sustain because of any act of larceny or embezzlement on the part of such employee...
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