BODINE, District Judge.
The Bonded Securities Corporation claims three Apperson automobiles, in possession of the trustee in bankruptcy, by virtue of three certain negotiable trust receipts, each substantially of the form following:
"Negotiable Trust Receipt No. 765.
"Union Hill, N. J., September 13, 1923.
"Received from Bonded Securities Corporation, New York, the owner thereof, Apperson motor vehicle, model phaeton serial No. _____, motor...
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