Gould v. Bishop Hill Colony
Illinois Supreme Court
Wbit óf Ebeob to the Circuit Court of Henry county; the Hon. Iba O. Wilkinson, Judge, presiding. The Bishop Hill Colony executed the following promissory note: “ $720. “ For value received, six months after date, I promise to pay Mary Jane Jennings or order seven hundred and twenty dollars ; and if the same is not paid when due, to pay her twenty-five per cent, interest thereon from the time the same is due until paid.
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Wbit óf Ebeob to the Circuit Court of Henry county; the Hon. Iba O. Wilkinson, Judge, presiding. The Bishop Hill Colony executed the following promissory note: “ $720. “ For value received, six months after date, I promise to pay Mary Jane Jennings or order seven hundred and twenty dollars ; and if the same is not paid when due, to pay her twenty-five per cent, interest thereon from the time the same is due until paid. BISHOP HILL COLONY, “ September 29th, 1858. Per O. Johnson.” Afterwards the payee, who was a femme sole, intermarried with Nathaniel B. Gould; and the note having matured, and…
1Opinion of the CourtChief Justice Walker
This was an action of assumpsit, instituted for the recovery of a promissory note, given by defendant in error to Mary Jane Gould, whilst she was sole and unmarried. It was for seven hundred and twenty dollars, due six months after date. Annexed to the note was this clause: “ And if the same is not paid when due, to pay her twenty-five per cent, interest thereon from the time the same is due until paid.” The question presented by the agreed state of facts, contained in the record, is whether this note is obnoxious to the defense of usury. It is contended by plaintiff in error, that the…
2Cases cited1 opinion
- Lawrence v. CowlesIllinois Supreme Court · 1852
3Cited by2 opinions
- Davis v. RiderIllinois Supreme Court · 1870
- Rice v. HassenpflugOhio Supreme Court · 1887