Shropshire v. Commerce Farm Credit Co.

ON MOTION FOR REHEARING.

Near the end of the last term it was adjudged by the Supreme Court that a contract was usurious under the Constitution and statutes of Texas which provided for compensation in excess of ten per cent per annum, collectible at the creditor’s option, for the detention of money. Shropshire v. Commerce Farm Credit Co., 120 Texas, 400, 30 S. W. (2d) 282; Deming Investment Co. v. Giddens, 120 Texas, 9, 30 S. W. (2d) 287.

*413The correctness of the court’s judgment has been vigorously assailed in motions for rehearing supported by elaborate arguments by numerous amici curiae as…