Case ID: dc_2/html/0349-01.html
Source: Caselaw Access Project
Author: {"author": "The Court", "license": "Public Domain", "url": "https://static.case.law/"}
Date Created: 2024-08-24T03:29:51.129683

The Union Bank of Georgetown v. John Gozler.
    It is not usury in a bank to take the discount for sixty-four days, upon a sixty-day note.
    Assumpsit upon the joint and several note of the defendant and two others, with a memorandum to credit the first drawer, who was Vincent King. The defence was usury in taking sixty-four days’ discount upon a sixty-day note.
    
      Mr. Jones, for the defendant.
    
      Mr. Key, for the plaintiff.
   The Court

(Thruston, J., absent,)

decided without argument, that it was not usury to take by way of discount, interest for sixty-four days on the amount of the note; the point having been before decided both here and in Alexandria. See Bank of Alexandria v. Mandeville, at Alexandria, July, 1809, [1 Craneh, C. C. 552;] Bank of Washington v. Eliot, (not reported.)