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MUSGROVE v. GIBBS

1 U.S. 216 (1787)

1 Dall. 216

MUSGROVE, Qui tam &c. versus GIBBS.

Supreme Court of United States.

Attorney(s) appearing for the Case

Sergeant and Bradford, for the Plaintiff. — Lewis, Ingersol and Dallas for the Defendant.

THIS was an action qui tam &c. on the Act of Assembly against Usury; and, in the course of the trial, THE COURT resolved the following points:

First. — Richardson, through the mediation of Shoemaker, borrowed 800 Dollars of the Defendant, and gave his note for 840 Dollars payable in one month. There was no talk about premium at the time of the loan; but it was understood by the witnesses, that the Borrower was to pay at the rate of 5 per cent. per month...

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