Court of Appeals for the Tenth Circuit September 9, 1971, 639-70_1 (The Traders State Bank, Glen Elder, Kansas v. The Continental Insurance Company)

MURRAH, Circuit Judge.

The financial machinations of E. C. Riley gave rise to this dispute between Traders State Bank and Continental Insurance Company concerning the latter’s liability on a Bankers Blanket Bond. After trial on stipulated facts the District Court rendered judgment for Traders. We reverse.