Simpson v. Penn Discount Corp.

Opinion by

Mr. Justice Barnes,

In this proceeding plaintiff seeks to compel the cancellation and return of certain judgment notes executed by Mm which are in the possession of defendants, and to set aside assignments which he made of an interest in Ms grandfather’s estate as security for the notes. It is averred that the transactions in which these instruments were given involved loans at usurious interest charges in violation of the Act of May 28,1858, P. L. 622, which prescribes the lawful rate of interest in this state.

It appears from the record that two loans were made to plaintiff by the…