KNAPPEN, Circuit Judge.
During May, 1924, Jesse McNeill, a farmer and lawyer, living near Hickman, Ky., gave to defendants, who were brokers having their principal office at New Orleans, La., orders to sell on the New Orleans Cotton Exchange, for October delivery, an aggregate of 800 bales of cotton, depositing with defendants from time to time margins totaling $7,500, including $4,000 deposited May 24 and 26, 1924. On May 31st defendants called on McNeill for $2...
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