Sapphire Homes, Inc. v. Gilbert

BATEMAN, Justice.

This is a suit to recover double the amount of alleged usurious interest paid by Bessemer Forging Company, hereinafter called “Bessemer”, on a certain loan transaction. Bessemer sued Chill Juice, Inc., a corporation, Sapphire Homes, Inc., a corporation, which will be called “Sapphire” herein, Barns Lumber Company, a partnership consisting of J. M. Barns and C. A. Barns, and J. M. Barns and R. F. Daniels, individually, alleging that they conspired and acted in concert to charge Bessemer an illegal, usurious rate of interest on the loan, but which would have the semblance of a…