Rodes v. Blythe

In this case, on a bill filed by a surety for enjoining a judgment, on the ground of usury—it appearing that the original loan, made to the principal since the enactment of the statute of 1819, (Stat. Law, 856.) for ten per cent, interest for one year, had been successively compounded, at the same rate, at the end of each year, for a period of several years, by substituted notes; the Circuit Court dissolved the injunction to the extent of the principal sum first loaned, and six per cent annually compounded. And the only question for revision is, whether the decree was right so far as it…