Drury v. Wolfe

Wolfe being indebted to Drury, $8000, for loaned money, gave him his four promissory notes therefor, as follows: One for $2000, payable one year after date; one for $2500, payable two years after date; one for $2500, payable three years after date; and one for'$3275.80, payable four years after date,—all bearing interest at the rate of ten per cent per annum after due. The rate of interest then allowed by our statute for money loaned was ten per cent per annum, and any sum charged for the use of money greater than that rate would produce, was usury. The question is, under that statute is…