KNAPPEN, Circuit Judge.
On September 1, 1923, defendant in error (referred to herein as the "surety") duly issued to the Ohio Industrial Endowment Fund Company (later referred to as the "employer") a bond to reimburse that company, within a limited amount stated in the bond, for such pecuniary losses as the latter might sustain during one year then next ensuing by any act of larceny or embezzlement of money, securities, or other personal property of the employer,...
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