BOOTH, Circuit Judge.
For opinion on prior appeal of this case, see (C. C. A.)
The merely formal facts and many of the undisputed facts which are set out in the former opinion need not be here repeated.
The action was upon a letter of credit and drafts drawn upon the faith of the same.
A jury was duly waived and the case tried to the court.
The letter of credit was issued August 13, 1915...
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