Wilson v. Cobb

The Chancellor.

By the judgment of the’ court of errors and appeals (3 Stew. 361), the defendants are to be required to account for half of the proceeds of the sale (subject to a certain deduction) of certain railroad bonds, with interest from June 21st, 1864, and the question is as to the rate of inter*93est. The judgment was pronounced in March term, 1878. The lawful rate of interest then was seven per cent, per annum, but it was changed to six by a law which took effect on the 4th of July following. A contract for the payment of money made before the 4th of July, 1878, on which interest at the…