Adams v. Mahnken

The opinion of the court was delivered by

Magie, J.

The bill of complaint alleged that the complainant (who is appellant here) had had dealings with Mahnken & Moorhouse, a firm of grocers doing business in New York, and in August, 1872, made with them a usurious agreement, whereby they loaned to him $2,000, and he gave, and they accepted, a bond and mortgage on property in New Jersey for $2,500; that complainant afterward gave them another bond and mortgage on New Jersey property for $2,000, and the old mortgage was surrendered and canceled; that the $2,000 bond and mortgage included the…