Grange

The trial court awarded a money judgment against the defendant and the defendant has appealed and has brought up a bill of exceptions.

An understanding of the points made requires that we go back to the year 1912 to commence. In that year R. B. Han-ford, W. S. Tevis, and the Hanford Investment Company were each engaged in the business of dealing in securities. The Hanford Investment Company had three directors, the two individuals just named, and Miss O’Connell. At that time, and during the years following, Mr. Tevis was president and Mr. Hanford was vice-president, or Mr. Hanford was president and Mr. Tevis was vice-president, but during the same period of time Miss O’Connell was secretary. During the same period of time Miss 0 ’Connell was the private secretary to Mr. Hanford and was the private secretary to Mr. Tevis. She had the combination to the safe in which were the valuable and confidential papers of Mr. Hanford and Mr. Tevis and of the corporation. During all the times mentioned the corporation and both of those men had numerous interests and each and all were heavily indebted. Their debts were evidenced by promissory notes held by numerous banks and by certain private…