State ex rel. Beck v. Basham

*182The opinion of the court was delivered by

Harvey, J.:

This was an action to enjoin defendant from conducting a business in flagrant violation of our statutes (G. S. 1935, 41-101 et seq.) relating to interest rates, and' for the appointment of a receiver to close his business. The trial court made findings of fact, a conclusion of law, and rendered judgment for defendant. Plaintiff has appealed.

In the petition it was alleged, with much detail, that defendant was conducting what is commonly known as a “loan shark business,” of loaning to salaried people small sums at highly usurious rates of…