SANBORN, Circuit Judge.
The question for decision is whether the appellee, the insured under two "Depositors Forgery Bonds" issued by the appellant, is entitled to recover $10,000 under each of the bonds, or $10,000 under both of the bonds.
The facts are not in dispute. The appellant, on May 9, 1940, issued to the insured a "Depositors Forgery Bond" covering, to the extent of $10,000, losses sustained during the period June 6, 1940, to June 6, 1943, from the...
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