DENISON, Circuit Judge.
Marshall and Neely owned and operated a sawmill in Mississippi. Dacus was a broker or dealer in manufactured lumber in Memphis. He made advances to the mill, to secure which advances lumber as cut was to be piled and marked for him. Pursuant to the contract, this gave him, at that stage, at least an equitable interest. The contract also provided that at frequent intervals bills of sale of the new lumber should be given to him to secure him...
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