Carney v. Matthewson
Supreme Court of Arkansas
Appeal from Marion Chancery Court; T. Haden Humphreys, Chancellor; Matthewson recovered judgment against Carney on a note, and the latter has appealed. The facts appear in the opinion. The contract is usurious and void. Art. 19, § 13, Const.; Kirby’s Digest, § § 5389, 5390-1; 34 Barb. (N. Y.), 157; 31 N. Y. 473; 44 Pa. St. 32; 26 Pa.
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Appeal from Marion Chancery Court; T. Haden Humphreys, Chancellor; Matthewson recovered judgment against Carney on a note, and the latter has appealed. The facts appear in the opinion. The contract is usurious and void. Art. 19, § 13, Const.; Kirby’s Digest, § § 5389, 5390-1; 34 Barb. (N. Y.), 157; 31 N. Y. 473; 44 Pa. St. 32; 26 Pa. St. 271; 26 Ga. 403; 29 S. W. 623. The contract .is not usurious. 54 Ala. 646; 38 Ala. 114; 54 Cal. 562; 91 Me. 340; 23 Pick. 167; 137 111. 443; 79 Ga. 213; 97 Ga. 329-; 3 N. H. 40; 4 Yeates (Pa.), 220; 2 Heisk. (Tenn.), 46; 19 S. W. (Tex.), 443; 28 Fed. 265; 12…
1Opinion of the CourtHire, C. J.
The sole question involved in this appeal is whether the contract evidenced by the following note was usurious :.“$300.00 YeeevielE, Ark., Nov. 23, 1903.
“Twelve months after date I promise to pay to the order of Angel Matthewson three hundred dollars, for value received, negotiable and payable without defalcation or discount and with interest at the rate of 10 per cent, per annum; and if interest be not paid annually, to become as principal, and bear, the same rate of interest. Interest' and principal payable at Bank of Yellville. Secured by deed of trust, which is a second lien on 166x210 of…
2Cases cited3 opinions
- First National Bank v. WaddellSupreme Court of Arkansas · 1905
- Grider v. DriverSupreme Court of Arkansas · 1885
- Chaffe & Sons v. LandersSupreme Court of Arkansas · 1885
3Cited by17 opinions
- Hayes v. First National Bank of MemphisSupreme Court of Arkansas · 1974
- Harris v. Guaranty Financial CorporationSupreme Court of Arkansas · 1968
- Edwards v. LockeSupreme Court of Arkansas · 1918
- Jones v. NossamanSupreme Court of Kansas · 1923
- Phipps-Reynolds Co. v. McIlroy Bank & Trust Co.Supreme Court of Arkansas · 1939
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