Gillette v. Ballard

The Vice-Chancellor.

The complainant’s suit is to impeach a chattel mortgage made by himself to the defendant. The mortgage is for •85000, and covers the furniture and fixtures of the Continental Hotel, in the city of Newark. It was executed in the month of June, 1878, though the money had been advanced by the defendant early in 1871, to help the complainant in the purchase of the furniture and fixtures, and in taking charge of the hotel. In November, 1873, Ballard began proceedings for the collection of the mortgage debt, and Gillette filed his bill for relief, alleging that the loan was *492usuri…