City of New York Municipal Court March 24, 1925 (International Union Bank v. National Surety Co.)

Genung, J.:

The defendant issued to the plaintiff (a domestic banking corporation), for a consideration duly paid, its “ Bankers Blanket Bond” indemnifying the plaintiff against (among other mishaps) “ any loss through the payment, whether received over the counter or through the clearing house or mail, of forged or raised checks or (genuine) checks bearing forged endorsements or the