Commerce Farm Credit Co. v. Ferguson

The plaintiffs, Joe Lee-Ferguson and wife, Lola Ferguson, instituted this suit in the district court of Hale county against the defendants, the Commerce Farm Credit Company, the Southwestern Life Insurance Company, both Texas corporations, and the Commerce Trust Company, a Missouri corporation, to recover $9,716, double the amount of usurious interest alleged to have been paid to the defendants by the plaintiffs.

The plaintiffs pleaded that on June 28,1921, they borrowed from the Commerce Farm Credit Company, $11,000, executing therefor their note, due and payable July 1, 1931, together with…