People v. Dunlap

Section 378 of the Penal Code provides that a person who, directly or indirectly, takes any interest, discount or consideration upon the loan or forbearance of money greater than, six per centum per annum is guilty of a misdemeanor. The prisoner on the evidence before the committing magistrate is clearly guilty of the crime of usury, unless he has brought himself within the provisions of chapter 326 of the Laws of 1895, as amended by chapter 206 of the Laws of 1896, in regard to loan associations. The prisoner claims that he was the general manager of the Local *391Credit Company, a corporation…