LOWELL, District Judge.
On August 5, 1917, John MacGregor Grant, Inc., of New York, borrowed $200,000 from the defendant. The loan was reduced by payments from time to time until on February 8, 1922, a check for $22,401.13 was received from Grant, which repaid the loan in full; the bank at that time delivered to Grant the collateral which it had held.
Grant, Inc., did a business as factor in New York selling wool and other commodities for principals in various...
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