Sappington v. Aetna Loan Co.
Missouri Court of Appeals
Appeal from Linn Circuit Court. — Hon. H. Lander, Special Judge. (1) “The three-dollar monthly payments [made to the St. Louis Loan and Investment Co., and to the Aetna Loan Oo.] were not payments on the loan. They were payments on the stock, but the value of the stock held by the borrower may be applied in satisfaction of the sum loaned.” The above is a quotation from the opinion rendered by this court in this case on the former appeal.
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Appeal from Linn Circuit Court. — Hon. H. Lander, Special Judge. (1) “The three-dollar monthly payments [made to the St. Louis Loan and Investment Co., and to the Aetna Loan Oo.] were not payments on the loan. They were payments on the stock, but the value of the stock held by the borrower may be applied in satisfaction of the sum loaned.” The above is a quotation from the opinion rendered by this court in this case on the former appeal. The statute in force at the time this loan was made (Section 2813, E. S. 1889), provides that in case of the repayment of a loan the borrower shall be…
1Opinion of the CourtBroaddus, J.
— This case was here once before and is reported in 76 Mo. App. 242. The questions here, however, are in the main different from what they were on the former trial. The controversy arises out of the following note: “Linneus, Mo., May 24, 1893. Eight years after date, for value received we promise to pay to the St. Louis Loan and1 Investment Corporation or order, at its office in the city of St. Louis, the sum of six hundred dollars, with interest at the rate of six per cent per annum. Interest payable in monthly in*553stallments on the fifteenth day of each and every month. Each installment of…
2Cases cited1 opinion
- Sappington v. Aetna Loan Co.Missouri Court of Appeals · 1898