President of the Bank of the United States v. Owens
Supreme Court of the United States
THIS case came up, on a -certificate of the judges of the circuit court for the district of Kentucky-; they-bfeing'opposed in opinion. " The action was. upon á promissory note signed'by the defendants, bearing date the 7th of February 1822, by which they promised to pay to the president, directors and com; pany of the bank of the United States or order, on the. 7th of February 1825., five thousand dollars with interest at the rate of six per centum per annum from the date.
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THIS case came up, on a -certificate of the judges of the circuit court for the district of Kentucky-; they-bfeing'opposed in opinion. " The action was. upon á promissory note signed'by the defendants, bearing date the 7th of February 1822, by which they promised to pay to the president, directors and com; pany of the bank of the United States or order, on the. 7th of February 1825., five thousand dollars with interest at the rate of six per centum per annum from the date. Thé following indorsement is,on.the note : . “Mem.: Interest is to be charged .on this note from the 21st day of May 1822…
1Opinion of the CourtJustice Johnson
delivered the opinion of.the Court.
This suit is instituted for the recovery of a promissory note;
The plea is. filed by the three last named defendants, who represent themselves as securities to Owens, and sets Out in substance, that the note was created for the purpose of enabling Owens to obtain a loan of money from the plaintiff, in-the. ordinary course of discount;. that it was offered for discount, and rejected, and after such rejection it goes on to aver, that “ it was unlawfully, usuriously* and corruptly agreed by and between the sáid plaintiffs, by their agents employed in the…
2Cited by182 opinions
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- Cooper Manufacturing Co. v. FergusonSupreme Court of the United States · 1885
- Ewell v. DaggsSupreme Court of the United States · 1883
- Gibbs v. Consolidated Gas Co. of BaltimoreSupreme Court of the United States · 1889
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