Hershey v. Anderson

MILLER, District Judge.

This action was instituted by John F. Hershey to recover from the receiver of the National Bank of Kentucky approximately $8,000 with interest, being twice the amount of interest paid by Hershey to the receiver on a note executed to the National Bank of Kentucky prior to its going into receivership. It is brought under the provisions of Sections 5197 and 5198 of the Revised Statutes, which are Sections 85 and 86 of Title 12 U.S.C.A.

Section 85 of Title 12 U.S.C.A., provides in substance that a national banking association may receive and charge on any loan or discount…