Shanks v. Kennedy

The Chief Justice

delivered the opinion of the court.

The only question in tins case is, whether the contract which is the subject of the suit in the court below, is usurious or not?

The case, when stript of the coloring attempted to be given to it by the parties, is, in substance, this :—

The appellee being desirous of borrowing $300, on the 7th of October, 1815, applied to the appellant for the loan of the money, and to secure the repayment of it, offered in pledge a slave worth at least5 as appears from the evidence, $350. The appellant refused to lend the money upon the’ terms offered by the…