Eames v. Barber

(after stating the facts). 1. The statute of the State of Texas defines interest as:

“The compensation allowed by law or fixed by the parties to a contract for the use or forbearance or detention of money.” Article 4973, Revised Civil Statutes.

*14So by the statute of New York:

“The rate of interest upon the loan or forbearance of any money, goods or things in action, except as otherwise provided by law, shall be six dollars upon one hundred dollars, for one year, and at that rate, for a greater or less sum, or for a longer or shorter time.”

Consolidated Laws of the State of New York (1909), vol. 2,…