Van Husan v. Kanouse

Campbell J.:

The bill in this case was filed to foreclose a mortgage, payable in three annual installments, with annual interest. 'The defence set up was a- tender in treasury notes of the United States, declared to be a legal tender by act of Congress. The amount tendered was conceded to be sufficient, unless each installment of annual interest, as it became due, was turned into principal.

Some evidence was introduced' for the purpose of showing an agreement to compound interest upon that basis, but we are satisfied no such agreement appears. The only questions, therefore, which we are called…