Assigned Estate of Selser
Supreme Court of Pennsylvania
APPEAL BY NATIONAL STATE BANK EROM THE COURT OE COMMON PLEAS NO. 4 OE PHILADELPHIA COUNTY. January Term 1890, 317 January Term 1891 Sup. Ct.; court below, No. 518 June Term 1886, C. P. No. 4. On August 3, 1887, the account of Daniel G. Evans, assignee for creditors, under an assignment made June 10, 1886, by Charles N. Selser, John A. Selser and George N. Turner, trading as Selser & Brother, was referred to Mr. Charles E. Lex, as auditor to report distribution.
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APPEAL BY NATIONAL STATE BANK EROM THE COURT OE COMMON PLEAS NO. 4 OE PHILADELPHIA COUNTY. January Term 1890, 317 January Term 1891 Sup. Ct.; court below, No. 518 June Term 1886, C. P. No. 4. On August 3, 1887, the account of Daniel G. Evans, assignee for creditors, under an assignment made June 10, 1886, by Charles N. Selser, John A. Selser and George N. Turner, trading as Selser & Brother, was referred to Mr. Charles E. Lex, as auditor to report distribution. On September 7, 1889, the auditor filed a report showing that objections were made by creditors to the allowance of a claim against…
1Opinion of the Court
Pee Cueiam :
The appellant assigns error to the allowance of the claims of Isaac Jeanes & Co. and Coon Brothers & Co. Neither requires an extended discussion. That of Isaac Jeanes & Co. is objected to principally upon the ground that it is usurious. The alleged usury consists mainly in adding interest to principal in the accounts as furnished from time to time, the effect of ■which, the appellant contended, was to allow interest upon interest ; and it was alleged that some of the loans were at a higher rate of interest than six per cent. On the other hand, it was conceded that some were at a…
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