DAWSON, District Judge.
This action, tried by the Court without a jury, is one by Elmer Fried, as Trustee in Bankruptcy of International Distributing Export Co., Inc. (hereinafter referred to as I.D.E.). The plaintiff alleges three causes of action:
(1) To recover $11,500, the par value of 115 shares of preferred stock of I.D.E. issued to the defendant on January 2, 1950;
(2) To recover the sum of $7,144.96, representing dividends paid to the defendant...
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