THOMSON, District Judge.
In a contract for the sale of its property by the Reading Hardware Company to the Public Industrials Corporation, plaintiff below and appellant here, for the sum of $3,900,000, $300,000 was deposited by the plaintiff with the Penn Trust Company of Reading, Pa., to be forfeited to the defendant as liquidated damages in case of plaintiff's breach of the contract, or to be credited on the purchase price if the contract was consummated. This amount...
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