GARRECHT, Circuit Judge.
This is an appeal from a judgment of the United States District Court for the Northern District of California, Southern Division, in favor of appellee.
Oregon City Manufacturing Company, appellee, is an Oregon corporation qualified and doing business in the state of California. On April 15, 1928, it entered into a trust agreement with the West Coast National Bank of Portland as trustee, pursuant to which appellee issued a half million...
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