Bank of Orleans v. Curtis

This action is assumpsit against the defendants as acceptors of a bill of exchange for $3000, drawn by John Thomas, payable to his own order, and by him indorsed .o the plaintiffs, a bank at Albion in the State of New York. The defence is, that the bill was discounted at a rate of interest exceeding seven per cent., which is the rate allowed by the law of New York, and that, by the lex loci contractus, the contract was usurious and void.

The material facts in the case are, that the bill was discounted at the request of the said Thomas, and that he was paid, by the cashier of the plaintiff…