v1670-273

111

IN THE

United States

Circuit Court of Appeals,

FOR THE NINTH CIRCUIT.

Bank of Italy National Trust and Sav-

ings Association, a national banking

association,

Appellant,

vs.

The Farmers and Merchants National

Bank of Merced, a national banking

association, and Henry P. Hilliard,

as Receiver thereof,

Appellees.

APPELLANT'S OPENING BRIEF.

1. 1. Henderson,

Louis Ferrari and

1. 1. POSNER,

Attorneys for Appellant.

Merced, California.

^ S L E

Parker, Stone & Baird Co., Law Printers, Los AngeleWj. J J-? Yj ) '{^^jt J

V.WL P. CJillEN,

CLRK

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