Phillips v. Roberts

William H. Phillips, the appellant, resided at Galesburg, and was engaged in the business of dealing in and loaning money. In September, 1874, he loaned $5000 to one Burden, took his note, with security, therefor, drawing ten per cent interest, paid him $4850, in cash, and charged and retained $150 for his trouble and commissions. The note was made payable to the order of his brother, Thomas S. Phillips, and he states, in his testimony, the transaction was for his brother; that his brother had money, but he himself was short of money at the time of the loan, and was borrowing money, and at…