Case ID: f-cas_24/html/0564-02.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

Case Ho. 14,358.
    UNION BANK OF GEORGETOWN v. GOZLER.
    [2 Cranch, C. C. 349.] 
    
    Circuit Court, District of Columbia.
    Oct. Term. 1822.
    Usury — Bank Discount.
    It is not usury m a bank to take the discount for sixty-four days, upon a sixty-day note.
    [See Bank of Alexandria v. Mandeville, Case No. 850.1
    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. Key. for plaintiff.
    Mr. Jones, for defendant.
   THE COURT

(THRUSTON, Circuit Judge, 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) [Case No. 850]; Bank of Washington v. Eliot (unreported).