Oxenham v. Mitchell

Many years ago James A. Oxenham was the owner of a tract of land called “Asbury,” containing 317 acres, in .Talbot County, and he desired to borrow $3,500 of William M. Poisal. He offered the land to secure the loan, but. Poisal ■demanded the usurious rate of eight per centum, and the loan and the lien to be put in a form which would at once conceal the usury and preserve the essential features of a mortgage deed. So a scheme was devised and was executed. On December 21st, 1877, Oxenham and wife conveyed the tract of land to Poisal in fee simple; and simultaneously Poisal granted the same…