MAJOR, Circuit Judge.
This action was brought by The Gillette Company ("Gillette") as assignee of Thomson Terminals, Inc. ("Thomson") against The Travelers Indemnity Company ("Travelers") to recover the sum of $36,980.07, upon an employee fidelity bond. During the period from 1962 to March 28, 1963, Gillette stored merchandise consisting of razor blades, razors, shaving creams and deodorants in Thomson, a licensed and bonded public warehouse located in the City of...
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