GOODRICH, Circuit Judge.
This case involves the not unfamiliar situation of the loss wrought upon innocent parties by the wrongdoing of a third. The plaintiff is the First Camden National Bank and Trust Company of Camden, N. J., which advanced money upon the security of a warehouse receipt. The defendant is the J. R. Watkins Company of Winona, Minnesota, a good faith purchaser of goods which the plaintiff claims were effectively pledged to it by delivery of the warehouse...
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