Phillips v. Lindsay Et Vir.

The appellees, Alice M. Lindsay, joined by her husband, J. N. Lindsay, as complainants in the court below filed a bill for the foreclosure of a mortgage given to complainant, Alice M. Lindsay by the appellants, William L. Phillips and wife, Ruby D. Phillips. The appellant, Weaver-Loughridge Lumber Company was also made a party defendant to the bill.

The defendants, William L. Phillips and Ruby D. Phillips, by their amended answer, interposed the defense of usury and averred that complainants had forfeited both principal and interest and prayed that it be so declared by decree of the Court. The…