Granite City National Bank v. Cross
Appellate Court of Illinois
Appeal from the Circuit Court of Jersey county; the Hon. Robert B. Shirley, Judge, presiding. Heard in this court at the April term, 1914. Certiorari denied by Supreme Court (making opinion final).
1Opinion of the Court
Mr. Presiding Justice Thompson
delivered the opinion of the court.
The only questions raised on this appeal are whether the loan for which the note for $74,925 was taken was or not usurious, and if it was, then what law applies and governs the remedy in the proceeding to collect the note in this State.
The note was given and made payable in the State of Missouri. The law of the State where the contract is made governs as to whether or not the transaction is usurious. Mineral Point R. Co. v. Barron, 83 Ill. 365; Burchard v. Dunbar, 82 Ill. 450. The statute of Missouri provides that the taking of…
2Cases cited8 opinions
- Mineral Point Railroad v. BarronIllinois Supreme Court · 1876
- Kreibohm v. YanceySupreme Court of Missouri · 1900
- Ferguson v. SutphenIllinois Supreme Court · 1846
- Cobe v. GuyerIllinois Supreme Court · 1908
- Burchard v. DunbarIllinois Supreme Court · 1876
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