Standard Supply & Hardware Co. v. Christian-Carpenter Drilling Co.

CODY, Justice.

This is a usury case.

Appellee, a corporation, is both an oil well drilling contractor and oil producer. Appellant, also a corporation, deals in oil well supplies.

Appellee sued appellant for $44,070.54, as being double the alleged usurious interest exacted of it by appellant in the sale of oil well supplies. The parties will be referred to hereafter as plaintiff and defendant, respectively.

Plaintiff’s petition alleged in substance:

That, beginning in March, 1940, and down to and including August, 1942, plaintiff purchased certain oil well supplies from defendant. Plaintiff was…