Eichleay, Jr., Co. v. Antonoplos

Opinion by

Mr. Justice Linn,

This bill desires cancellation of plaintiffs’ collateral note for $140,000, and the return of the collateral, on the ground that the principal, $110,000, with lawful interest, has been paid, and that the balance is “a bonus, premium or extra interest charge payable to the defendant, for the use of the said money,” which defendant is not entitled to collect: Act of April 28, 1858, P. L. 622, 41 PS, sections 3 and 4. The answer denied usury; alleged that the note represented not only a balance of principal of $110,000, but (1) unpaid interest on this and prior notes;…