BOOTH, Circuit Judge.
This was an action brought by defendant in error upon two instruments of guaranty, the first of which was executed by both of the plaintiffs in error and others; the second was executed by Akre and others, but not by Carlson. The first guaranty was as follows:
"Farmers' State Bank, Veblen, S. D.
"Veblen, South Dakota, Jany. 31, 1919.
"To Liberty State Bank, Minneapolis, Minn. — Gentlemen: For value received, we...
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