PICKETT, Circuit Judge.
Royden Brown brought this action against Herbert B. Alkire, Forest S. Alkire, and others, to recover the balance due on a promissory note which the Alkires had endorsed and the amount which he had paid in satisfaction of an indemnity agreement, the responsibility of which the defendants had assumed. Brown's action grew out of a transaction involving the exchange by the Alkires of their stock in First, Inc., a corporation controlled by Brown...
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