FOSTER, Circuit Judge.
Appellee, the Houston Oil & Transport Company, filed a libel in admiralty to recover on an insurance policy issued by appellant, the Ætna Insurance Company, covering the loss of the tug Minnie R. by fire to the amount of $7,500. The suit was brought on behalf of appellee, the Peden Iron & Steel Company, and the Guaranty Trust Company, mortgagees, named as payees in the policy of insurance, and on behalf of the City Bank & Trust...
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