U. T. Hungerford Brass & Copper Co. v. Brigham

The action is on a promissory note. The defense is usury. The note, dated December 21, 1903, for «$3,333.33, payable .December 20, 1904, was made by defendant and another, payable to U„ T. Hungerford, who indorsed and delivered it- to plaintiff company. Plaintiff took with notice, as Mr, Hungerford was an officer of the company. The defendant gave 100 shares of the Goetz Manufacturing Co. stock, par value $100 per share, as collateral security. The note was given upon the renewal of a loan made November 7, 1903. The defendant relies upon an agreement under seal of even date with the renewal…