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O'BRIEN v. ATLAS FINANCE CO.

No. 5-282.

264 S.W.2d 839 (1954)

O'BRIEN v. ATLAS FINANCE CO.

Supreme Court of Arkansas.

February 22, 1954.

Attorney(s) appearing for the Case

Bailey & Warren, Little Rock, for appellant.

U. A. Gentry, Little Rock, for appellee.

Coleman, Gantt & Ramsey, Pine Bluff, Rose, Meek, House, Barron & Nash, Little Rock, John H. Cottrell, Jr., Little Rock, Talbot Field, Hope, House, Moses & Holmes and Thomas C. Trimble, Jr., Little Rock, amici curiae.

ROBINSON, Justice.

The question is whether a usurious rate of interest was charged for a loan of money. Appellant Arthur H. O'Brien filed suit in Pulaski Chancery Court alleging that on the 2nd day of March, 1952, he applied to appellee Atlas Finance Company for a loan of $100; that the finance company agreed to make the loan but required him to execute his note in the sum of $114.04 due one year from date, and to secure...

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