Spengler v. Snapp
Supreme Court of Virginia
Jacob - Snapp, by deed dated the 7th June 1800, mortgaged 4)£-parcel of 464 acres of land in Shenandoah to Christian Stover, to secure a debt of £1000. and by another deed, dated the 25th of the same month, he mortgaged the equity of redemption of the same land to the same ereditor, to secure another debt of £500. And then, by deed of trust, dated the 16th August 1800, Snapp conveyed the same land (that is, in effect, his equity of redemption thereof) to Jacob Cook, trustee,…
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Jacob - Snapp, by deed dated the 7th June 1800, mortgaged 4)£-parcel of 464 acres of land in Shenandoah to Christian Stover, to secure a debt of £1000. and by another deed, dated the 25th of the same month, he mortgaged the equity of redemption of the same land to the same ereditor, to secure another debt of £500. And then, by deed of trust, dated the 16th August 1800, Snapp conveyed the same land (that is, in effect, his equity of redemption thereof) to Jacob Cook, trustee, to secure a debt due to Joseph Stover of 1000 dollars. In November» 1803, Christian Stover exhibited a bill in chancery…
1Opinion of the CourtBrockenbrotjgh, J.
The bill charges that gross usury was practised by Christian Stover upon the plaintiff Snapp, and that the two mortgages of June 1800 were executed for the purpose of securing the usurious debts. We have *485not the benefit of the answer of the person charged with the usury, as he was dead before the suit was brought. His representatives were not privy to the transaction, and they call for full proof of the corrupt agreements. There are sundry witnesses who testify to the distinct acknowledgments of Christian Stover as to the character of the loans and the extent of the usury. [Here the judge…
2Cases cited6 opinions
- De Wolf v. JohnsonSupreme Court of the United States · 1825
- Keplinger v. De YoungSupreme Court of the United States · 1825
- Young v. ScottCourt of Appeals of Virginia · 1826
- Clarkson's adm'r. v. GarlandSupreme Court of Virginia · 1829
- Martin v. Lindsay's adm'rs.Supreme Court of Virginia · 1829
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