Hill v. National Bank of Barre

This action is brought upon the second clause of section 5198 of .the Bevised Statutes of the United States, to recover back twice the amount of illegal interest paid. The lawful rate here is 6 per cent, and the plaintiff paid 8. The only question made is whether the plaintiff is entitled to recover the whole amount of this interest so paid, or only twice the amount in excess of the legal rate paid. The whole section -must be read together to ascertain the meaning of this clause. The first clause provides that the taking, receiving, reserving, or charging a rate of interest greater than is…