LETTS, District Judge.
There is before the court the petition of Albert J. Knights, as owner of the motor yacht Mist-Chief for limitation of his liability, and also the proof of claim of one Roger F. Dunham for salvage.
In September, 1930, the motor yacht Mist-Chief was located at Onset, Mass. Negotiations had been in progress for the sale of the yacht by Knights, its owner, to one Webb of Saybrook, Conn. These negotiations had reached the point where one...
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