HAND, Circuit Judge (after stating the facts as above).
As Muller did not swear that he had not read the printed matter on the confirmation slips, and as he had not given any directions contrary to them, we think that Heaphy v. Kerr, 190 App. Div. 810, 180 N.Y.S. 542, affirmed 232 N.Y. 526, 134 N. E. 557, does not apply. Indeed, we do not understand that he claims that the bankrupts' pledge of the collateral was originally a conversion. But it is said that their failure...
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