ALSCHULER, Circuit Judge (after stating the facts as above).
Did the bank have reasonable cause to believe that its taking of the mortgage would effect a preference in its favor? All the evidence and the findings of fact seem to us to require a negative answer. The only evidence of the extent of the bankrupt's assets and liabilities was afforded by the report of the master on the issue of insolvency; the assets showing $45,400 and the debts $46,500, a difference of...
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