TRAVELERS INDEMNITY COMPANY v. UNITED STATES

No. 6161.

271 F.2d 521 (1959)

TRAVELERS INDEMNITY COMPANY and C. W. Shaffer, Appellants, v. UNITED STATES of America, Kenneth Day et al., Appellees.

United States Court of Appeals Tenth Circuit.

October 28, 1959.


Attorney(s) appearing for the Case

Tudor W. Hampton and Jerry M. Ward, Great Bend, Kan. (Herbert Rohleder, Great Bend, Kan., and Jerry E. Driscoll, Russell, Kan., on the brief), for appellants.

Wilbur G. Leonard, U. S. Atty., Topeka, Kan. (G. H. Penstone, Atty. in Charge, U. S. Dept. of Agriculture, Kansas City, Mo., on the brief), for appellee United States of America.

Robert J. Dole, Russell, Kan., for appellees Kenneth Day et al.

Before MURRAH, Chief Judge, and PHILLIPS and PICKETT, Circuit Judges.


PICKETT, Circuit Judge.

This litigation arose in Kansas when James K. Luder, a grain dealer, ended the 1957 season with insufficient grain to satisfy his outstanding storage obligations. The United States was the owner of warehouse receipts which were issued by Luder and then assigned to the Commodity Credit Corporation by farmers as collateral security for price support loans. This action was brought against Luder's bondsman...

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