Case ID: mo_328/html/0622-01.html
Source: Caselaw Access Project
Author: {"author": "WESTHUES, C. PEE CXJEIAM:", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

The State ex rel. Florence H. Funk v. American Surety Company of New York, Appellant.
    42 S. W. (2d) 601.
    Division Two,
    October 1, 1931.
    
    
      Bryan, Williams, Gave c& McPeeters for appellant.
    
      Higbee & Mills, J. M. Campbell and M. D. Campbell for respondent.
   WESTHUES, C.

This is a companion case to the ease of State of Missouri, at the Relation of Florence IT. Funk, Respondent, v. Ben E. Turner and American Surety Company of New York, Appellants, decided by this court at this term, and reported ante page 604. The circuit court heard the cases together. Judgments were entered for plaintiff in both cases. The cases were briefed together in this court. The questions raised are identical.

In the case of State ex rel. Funk v. Turner, supra, plaintiff sued Bank Examiner Turner and the American Surety Company. In this ease plaintiff brought suit against the American Surety Company as surety on the bond of Charles F. Enright, Bank Commissioner for the State of Missouri.

It is charged in this ease that Enright negligently performed his duties as Bank Commissioner in suffering and permitting the Kirks-ville Trust Company to continue in business when he had knowledge that it was insolvent; or, if he had personally, or by his deputy or examiner, properly examined the trust company, he would have discovered that a large sum of money had been embezzled from the bank and that it was insolvent; that if he had performed his duty the trust company would have been closed before relator made her deposits, and that she would thereby have been saved from loss.

For a full statement, see the Turner ease, supra. For.the reasons therein stated, the judgment of the circuit court in this case is reversed.

Davis, C., 'concurs; Cooley, G., not sitting.

PEE CXJEIAM:

The foregoing opinion by Westhues, C., is adopted as the opinion of the court.

All of the judges concur.