Hood v. First National Bank

Appellant, a wholesale lumber dealer, brought suit against appellee of the recovery of $7,115.00, being double the total amount of usurious interest alleged to have been collected by the bank in 486 separate transactions between the parties. A jury trial having been waived, the case was tried before the circuit judge who found in favor of the appellee.

The suit is predicated upon Sections 36 and 37 of the Mississippi Code of 1942 as to whether the transactions are usurious and upon 12 U. S. C. A. Sections 85 and 86, as to the liability of a national bank for double damages *663for the collection…