M. Lowenstein & Sons, Inc. v. British-American Mfg. Co.

THOMAS, District Judge.

This is a bill in equity, brought by M. Eowenstein & Sons, Inc., a New York corporation, against the British-American Manufacturing Com'pany, a corporation organized under the laws of Delaware, and the receiver of that corporation and others, to foreclose a mortgage given by the British-American Manufacturing Company to the plaintiffs as security for a loan of $125,000, made April 2, 1920. The defenses pleaded by the receiver'are: (1) That the mortgage was not authorized; and (2) that it was usurious and within the Connecticut statutes providing against the bringing of…