v2202-991

No. 9395

IN THE

United States Circuit Court of Appeals

FOR THE NINTH CIRCUIT

y^'

THE STATE MUTUAL LIFE ASSURANCE

COMPANY OF WORCESTER,

MASSACHUSETTS,

Appellant,

vs.

ALBERT C. SCHULTZ and

WILLIAM R. SAYRE,

jointly as trustees.

Appellees.

Brief of Appellees

Upon Appeal from the District Court of the United

States for the District of Oregon

Wilson S. Wiley,

Ralph H. King,

Borden Wood,

Attorneys for Appellees.

McCamant, Thompson, King & Wood,

Of Counsel for Appellees.

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1. 1. BALTES AND COMPANY, PRINTERS, PORTLAND

PAUL P. O'BRIEN,

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