Shafer v. First National Bank
Supreme Court of Kansas
Error from Russell Eistriet Court. Action by the Bank against Shafer and another to recover ou a promissory note. Judgment for the plaintiff. The defendants bring the ease to this court. The opinion states the facts.
1Opinion of the Court
The opinion of the court was delivered by
JOHNSTON, J.:
On October 20, 1888, H. E. Shafer borrowed $1,400 from the First National Bank of Russell, Kas., and executed a note for that amount, due in 90 days after date, which was signed by J. 0. Youngman, as surety, and which upon its face bore interest at the rate of 12 per cent, per an-num from maturity. The bank charged and received from Shafer for the use of the money 18 per cent, per annum from the date of the note to the maturity of the same, namely, the sum of $84. The principal of the note was not paid, nor has any further payment of…
2Cases cited2 opinions
- Alves v. Henderson National BankCourt of Appeals of Kentucky · 1888
- First National Bank v. GrimesSupreme Court of Kansas · 1892
3Cited by2 opinions
- Union Savings Ass'n v. CumminsSupreme Court of Oklahoma · 1920
- Quint v. First National BankCourt of Appeals of Kansas · 1899