NORTHCOTT, Circuit Judge.
This is an action instituted in October, 1932, in the District Court of the United States for the Western District of South Carolina, by the appellee, C. H. Dixon, as receiver of the First National Bank of Spartanburg, South Carolina, here referred to as the plaintiff, against appellant, Simpson F. Cannon, as trustee of the estate of J. H. Sloan, deceased, and certain beneficiaries of the estate, here referred to as the defendants.
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