BUFFINGTON, Circuit Judge.
Stripped of other and irrelevant matter, the facts pertinent to the determination of this case are as follows:
The Kavanaugh De Niro Construction Company, hereafter called Niro Company, leased from the Osgood Company a steam shovel, and thereafter, fraudulently assuming ownership, sold the same to Henry Hirsch for $5,850, who paid $1,000 cash and later paid to the Diamond National Bank of Pittsburgh, on a draft drawn by Niro Company...
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