v0073-403

'JttiT'iH

No. 399

IN THE

UNITED STATES CIRCUIT COURT OF APPEALS

FOR THE NINTH CIRCUIT.

SAVINGS AND LOAN SOCIETY^

KT AL.,

Appellants,

vs. }

(lEORaE DAVIDSON et al.,

Appellees.

ORAL ARGUMENTS OF GARRET W. McENERNEY AND

1. 1. TREADWELL, FOR APPELLEES, AND

REPLY TO APPELLANTS' NEW POINTS.

(r~ '.: (J.

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