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RICHFIELD NAT. BANK v. AMERICAN SURETY CO.

No. 8496.

39 F.2d 387 (1930)

RICHFIELD NAT. BANK OF RICHFIELD, MINN., v. AMERICAN SURETY CO. OF NEW YORK et al.

Circuit Court of Appeals, Eighth Circuit.

February 18, 1930.

Attorney(s) appearing for the Case

Sigurd Ueland, of Minneapolis, Minn. (A. Ueland, of Minneapolis, Minn., on the brief), for appellant.

Charles S. Kidder, of St. Paul, Minn. (Charles N. Orr and Herman F. Stark, both of St. Paul, Minn., on the brief), for appellees.

Before STONE, Circuit Judge, and MUNGER and REEVES, District Judges.

REEVES, District Judge.

Under the doctrine of subrogation, the appellee American Surety Company of New York was granted a decree against the appellant for the recovery of a specified sum of money.

The school district, appearing as one of the appellees, had designated the appellant as a depository for a part of its funds. The said surety had become bound under a contract of suretyship for the treasurer of said school district. The treasurer defaulted and absconded...

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