The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1850-02-12


New Hampshire, 6 per Gem
amount unlawfully taken.
Vermont, per cent, recovery in aci7a
massachusetts, per cent. forfeit ofthrlce g.
Rhode Island, per cent, forfeit of the usury and
interest on the debt
Connecticut, per cent, forfeit of the whole debt
New York, per cent, usurious contracts void.
New Jersey, per cent, forfeit of the whole debt.
Pennsy vania, 6 per ct, forfeit of the whole debt.
Delaware, per cent, forfeit of the whole debt
Maryland, per cent, on tobacco contracts
usulous contracts void.
Virginia, per cent, forfeit double the usury
District OF Columbia, per cent usurious contracts
void
North Carolina, 6 per cent, contracts for usury
void; forfeit double the usury
South Carolina, per cent, forfeit of interest and
premium taken, with costs.
Georgia, 8 per cent, forfeit thrice the usurv.
Alabama, per cent, forfeit interest and usury.
Mississippi, per cent, by. contract 10; usurv re-
coyerable in action for debt.
Louisiana, per cent, Bank interest 6, contract 10.
beyond contract void.
tennessee, per cent, usuriOus contracts void
Kentucky, 6 per ct, usury recoverable with costs
Ohio, per cent, usurious contracts void.
Indiana, per cent, fine of double the excess
Illinois, per cent, by contract II; beyond, for
felt twice the interest
Missouri, per cent, by contract TO- ifbeyond for
felt OF interest and usury.
Michigan, per cent, forfeit of usury, and IA of
debt.
Arkansas, 6 per cent, by agreement 10, usury re-
coverabe but contract void
Florida, per cent, forfeit interest and excess.
Wisconsin, per cent, by contract r. forfeit twice
the excess.
Iowa, per cent, by agreement u, forfeit twice
the excess.
SINGULAR CASE TO be Decided in the ST.
preme Court.-About three years since, a rich old
man, by the name of Houghton of queer COMPOST
ton, died In the town of Bolton, in this State Ieay-
ing the town $4,000 to be applied TO educational
purposes, with the proviso, that nine families (nam
ed in the willy should not partake of any of the adj
vanages arising from the investment of said money.
neither they, nor their heirs for one hundred years.
otherwise the money should revert back to his lawful
hers. The town, anxious to secure the amount thus
meanly bequeathed complied with the old mans
terms, and received the sum through their town
treasurer For two years the money laid at interest
al the expiration of that time the principal and in
terest was added to one thousand dollars more,
winch had been raised by an equal taxation levied
upon the citizens of the place, and an academy
building was erected, and furnished in beautiful
style.
The school commenced, and the children of the
nine families mentioned, were SENT but admission
was refused them, notwithstanding their parents had
Pald Their proportlonate part towards raising the
$l'Ooo extra, to which we have referred Here
s'orn arose. The town authorities not knowing how
to settle the matter, made an effort TO comnromise
with the three heirs, and obtain their consent TO LET
tnem Keep the money! and allow the children of the
nne families TO enjoy the privileges of the school,
One OF them consented, but the other two declined
probably in the hope that the $I2, 900 would revert
back to them The children of the nine families
have not yet been admitted and their parents contend
mat they have as much right in the school as the
children OF any other tax payers So the case stands
at present, and will remain, until decided by a full
bench of the Supreme Court, as soon as the matter
can be properly brought before such tribunal
Boston Unil