HAYES, District Judge.
On September 23, 1927, the defendant executed a fidelity bond in the penal sum of $25,000, to indemnify the People's Bank of Sanford, N. C., against loss caused by any act of fraud, embezzlement, wrongful abstraction, or misapplication of the bank's assets by H. C. Newbold, its cashier, and the bond was continued in force until the discharge of the cashier on April 7, 1930.
On April 5, 1930, the cashier met the officials of the bank...
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