HUTCHESON, Circuit Judge.
This suit, brought to recover losses on stock loans, is on a banker's blanket bond insuring appellee against "direct loss * * *" "from any dishonest act of its employees," issued by appellant in February, 1929. The claim is that Ikard, appellee's president, secretly and covinously obtained funds of the bank to finance his stock market operations, carried on in other names, by having persons, known to him to be insolvent, execute notes, while...
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