Torrance National Bank, a National Banking Association v. The ætna Casualty & Surety Company, a Corporation

The judgment of the District Court is affirmed. We adopt the following portions of the opinion of the District Court, whereby judgment was ordered for the Appellee:

. "‘Rider * * * * * “ T. The attached bond is hereby extended to cover- “ ‘Forgery Insuring Clause “ ‘ (D) Any loss (1) through accepting cashing or paying forged or altered cheeks * * *, or (2) through tlie establishment of any credit to any customer or the giving of any value on the faith of such checks * * *, or (3) through transferring, paying or delivering any funds or Property or establishing any credit or giving any value on the faith of any written instructions or advices, directed to the Insured, authorizing or acknowledging the transfer, payment, delivery or receipt of funds or Property, which instruction or advices purport to have been signed or endorsed by any customer of tlie Insured * * * but which instructions or advices either bear tlie forged signature or endorsement or have been altered without the knowledge and consent of such customer * * ®, or (5) through the payment by the Insured of promissory notes which are payable at the Insured or which purport to be notes payable at the Insured under…