Lewis v. Citizens Bank

Lewis instituted suit in a justice’s court against the Citizens Bank, to recover $2.50 paid by him to the defendant as alleged usurious interest. It appeared on the trial that plaintiff *546borrowed $15 from the bank on April 16, 1934, and to evidence the same executed a promissory note for $17.50, payable in 60 days, with interest after maturity at 8 per cent., and secured by a chattel mortgage; that the cashier of the bank, to whom plaintiff applied for the loan, stated that the bank “would have to charge him $2.50 for interest and expenses incident to the loan;” that it was meant by this that…