HUTCHESON, Circuit Judge.
On March 17, 1928, appellee, a widow, without experience in investing money, lodged with appellant as a compensated trustee to invest for her $8,000 of funds which had been left her by her husband. The purpose clause of the trust instrument recited that the funds had been received "to invest, re-invest, loan and re-loan said trust funds on any securities, properties and investments permissible by law for investment of trust funds, and upon...
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