De Butts v. Bacon
Supreme Court of the United States
ERROR to the circuit court for the district of Co* lumbia, in a suit in chancery, brought by Samuel Dp Butts against James Bacon and others, the object of-which was to foreclose a mortgage made by Bacon to De Butts.
Read the full summary
ERROR to the circuit court for the district of Co* lumbia, in a suit in chancery, brought by Samuel Dp Butts against James Bacon and others, the object of-which was to foreclose a mortgage made by Bacon to De Butts. The condition of the,mortgage was, that if the defendant, Bacon, should pay to the complainant the interest of eight per cent, upon one thousand dollars of eight percent, stock of the United States, loaned by the complainant to the defendant, and should further pay to the complainant “ the said sum of one thousand dollars,” &c. the deed should be void. The defendant, Bacon,…
1Opinion of the Court
The court below decided the contract to be usurious, and decreed the mortgage to be void. Which decree,' this court, after argument, by Swann, for the appellant, and Votings, for the appellee's,
Affirmed.
2Cited by1 opinion
- De Butts v. BaconSupreme Court of the United States · 1810