MR. JUSTICE HARLAN delivered the opinion of the court.
This case involves the meaning of the word "fraud," as used in the thirty-third section of the bankrupt law of 1867. That section provides that "no debt created by the fraud or embezzlement of the bankrupt, or by defalcation as a public officer, or while acting in a fiduciary capacity, shall be discharged under this act."
In the very able opinion of the Court of Appeals, it is said that "all the cases...
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