Dickinson v. Edwards

The action was upon a promissory note for the sum of $300, made by the defendant, payable to the order of Bailey & Gilbert, dated in New York city, November 14, 1874, and payable in said city. The defense was that *41the note was a pure accommodation note, made by Edwards and loaned to Bailey & Gilbert, who procured it to be discounted by the plaintiff at a greater rate of interest than seven per cent, and that it was therefore void for usury.

The reply of the plaintiff was, that the note was not apure accommodation note, but that Bailey & Gilbert gave their note for the same amount to the…