Legal Opinion

Turner v. Interstate B. & L. Ass'n

Supreme Court of South Carolina

Decided October 20, 1897PublishedCited by 10 opinions

Before Buchanan, J., Edgefield, February, 1897. Action by Wiley H. Turner and Kate M. Grice against Interstate Building and Foan Association, of Columbus, Ga.

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Before Buchanan, J., Edgefield, February, 1897. Action by Wiley H. Turner and Kate M. Grice against Interstate Building and Foan Association, of Columbus, Ga. The facts are as follows: Mrs. Rebecca M. Jones, on the 15th day of January, 1890, subscribed for twenty shares of stock in the defendant’s company, and paid therefor as admission charges $20, and she thereafter paid monthly instalments upon said stock — the sum of $12 — until the fifteenth day of May, 1890, at which time the defendant loaned to her upon her bond the sum of $1,000, which said bond was secured by the assignment of said…

1Opinion of the Court

The opinion of the Court was delivered by

Mr. Justice Jones.

This is a suit under sec. 1391 of the Revised Statutes, for double the sum alleged to have been received as usurious interest. The case is one at law, and by consent the questions of fact were tried by the Judge. This appeal is from a judgment against the defendant for $882.32, with interest from March 15th, 1895, amounting at the date of the judgment to $988.70.

1 1. There was no error in overruling the demurrer that the complaint did not state facts sufficient to constitute a cause of action. This question was ruled against appellant…

2Cited by10 opinions

  1. Livingston v. Atlantic Coast Line R. Co.Supreme Court of South Carolina · 1935
  2. Cantey, Adm'r v. Phila. Life Ins. Co.Supreme Court of South Carolina · 1932
  3. Floyd v. National Loan & Investment Co.West Virginia Supreme Court · 1901
  4. Sandel v. StateSupreme Court of South Carolina · 1923
  5. Columbian B. & L. Ass'n v. RiceSupreme Court of South Carolina · 1904

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