Epstein v. Colyer

On December 22d 1924, the defendants husband and wife executed a mortgage to secure the payment, one year thereafter, of $1,000. On the 10th day of February, 1926, the principal sum not having been paid, and then almost two months overdue, this bill was filed. The answer admits the execution of the encumbrance and all of the other facts set forth in the bill except the statement therein that $1,000 was due, and alleges that the true debt intended to be secured was only $800, thus bringing the transaction within the penalty expressed in the second section of the "Act against usury." 4 Comp.…