FITZHENRY, Circuit Judge.
This is an appeal from a judgment in favor of the defendant in an action at law. The case was tried by the court, without a jury.
The salient facts were stipulated. On January 2, 1932, there were three banks in the city of Gary, Ind.: First National Bank, National Bank of America (for which appellant is receiver), and the Gary State Bank. There was an organization known as the "Gary Clearing House Association." Messengers from the...
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