Crane v. Beatty

The defence set up in this case is usurious interest. It appears from the evidence, that the origin of this claim was a note of $795, dated 18th June, 1857. This note was renewed on the 14th of December, 1857, by another note of $900, which was, on the 16th of April, 1858, renewed for $1,062 ; and the two notes sued on, and forming in the aggregate the sum of $1,062, were, on the 19th of October, 1858, given in lieu of the last one, and were made payable at four and six months. Tho above notes were all drawn by the defendant to the order of the plaintiff. By calculating interest at eight per…