The Democratic sentinel. [volume] (Cadiz, Ohio) 1852-1853, 1852-12-29

can afford 10 pay ten per cent. interest,"
Six per cent. is all that should be allowed
and is the usual rate fixed by law through
out the Union, as will be seen by the follow
ing synpsis of the laws upon this head in
the several States:
MANE.-Legal rate 6 per cent. Legal
interest only can be recovered. Usurious
interest may be recovered back.
New HAMPsHIRE.-Legal rate 6 per cent.
II more be taken party forfeils three times
the amount taken unlawfully.
VERMoNT.-Legal rate 6 per cent, Inter-
est paid beyond that may be recovered with
costs.
MAssAcHUsETTs.-Legal rate 6 per cent.
Party taking ~usurious interest f~orfeits three
times the amount of Interest unlawfully ia
ken. Party paying u~surious interest may
recover three times the amount of unlawful
interest SO paid,
RHODE lsLASD,-Legsl rate 6 per cent
In action on u~surious contract plaintiff can
recover the principal with legal interest and
costs of suit.
CoNNEcTIcUT.-Leg gal rate 6 per cent. In
usurious contracts principal can be recover
ed without interest. Party guilty of taking
usury ~forfeils the whole interest, one half to
the prosecutor and one half to State 1'reasu-
ny.
New YoRK.-Legal rate 7 per cent. All
contracts whereby a higher rate is received
are void. Corporations cannot set up de-
fence of usury.
NEW JERsEY.-Legal rate 7 per cent
contracts for higher rate are void. Persons
taking a higher rate forfeit whole value of
the subject matter of the contract, one half
to prosecutor.
PENNsYLvANIA,-Legal rate 6 per cent
excess can't be recovered, and ii paid may
be recovered hack-usury dom render whole
contract void. =
Railroad and Canal Companies may give
bonds for larger sum than amount actually
received, such shall moi be deemed usuries.
DELAwARE.-Legal rate = per cent, who
ever exacts more is liable t~oiorfeit the whole
debt, one half to State and half to prCsecu-
tor.
MARyLAND.-Legal rate s per cent. in
contracts over that, void as to excess.
VrRGrNIA.-Legal rate 6 per cent, all
u%surious contracts void, penalty Of forfeit
ure twice the amount of ae debt. On pro-
tested bills &c, penalty : and 10 on domes-
tic and foreign.
NORTH CARouNA.-Legal rate 6per cent,
all contracts for higher rate void, and party
exacting it liable to forfeit double the amt
OF the debt, one half toState and the other
half to the prosecutor.
SOUTH CARoLNA.--Legal rate 7 per cent,
party receiving more ~forteits entire interest
and pays the costs.
GEoRGIA.--Legal rate 7 per cent. If
party reserves more fOrfeits entire interest.
FLoRIDA.-Eight per cent, allowed on
agreement; legal rae 6 per cent, person re-
serving higher rate ~forfeits entire interest.
ALABAnA.--Legal rate 8 per cent, in
usurious contracts, prin ,iple without any in
terest may be recovered. Persons taking
u~surious contracts, liable to action qai tune
for whole amount. Party borrowing NAV
he witness to prove the usury.
MrssIssIPrL-Legal rate 8 per cent, for
bonahde use OF money, 8 per cent, ON other
contracts, penalty for usary loss of entire
interest,
LoUIsrANA.-4Legal rats'5 per cent, but
parties may agree on any sum as high as 8
per cent. Bank interests is 6 per cent, PEN
atty for usuridis contracts, forfeiture of en-
tire interest.
TExAs.-LAgal rate 8 DER cent IL per
cent, allowed On contract, where more is
reserved no interest can be recovered.
AsKANsAf-6 per cent, legal rate, con-
tracts allowed up to 19, u~surious contracts
void.
TENNEsEE.-Legal rate 6 per cent per.
sons taking more may be fined not less than
amount uburiously taken.
KESTUoky.-Legal rate 6 per cent,, con-
tracts fdEexcess void.
0HIq--Legal rate 6 per cent, 10 allow
ed on written contracts, contracts for excess
void.
MIdHIeAN.--Legal rate 7 per cent, with
PERMISSION to agree on any rate not high .
er than 10 for loan of money. contracts for
excess void as to the same.
IknIASA,-Legal rate @ per cent, usuri-
Gus interestcannot be recovered, and il sued
can be recovered back, but ususy don't rem
der the contract void.
ILLrNoIs.-lnterestup to I0per cent. NAV
be agreed upon for money loaned. On oh,
legations not for money loaned, oaly 6 Der
cent. can be recovered.
MIssouM.--.egal rate 6 per cent, If plea
ofnsury sustained, legal interest only recoy.
cred, and paid to Common School fund.
%usurer, Oh Information, foffeits and paws to
Com. School fund whole interest agreed up
on,
IowA.--Legal rate 8 per cent, contracts
up to 10 allowed. illegal interest may be re-
covered.
WIscoNaN.--7 per cert. legal rate, con-
tracts in writing up to 12 allowed, ii more
be taken, whole debt forfeited.
CAuFoRMA,-Legal rate 10 per cent,
contracts allowed up to I8, but principals
and endorses are FIELD liable under heavy
penalties for higher rates.
Right.
You are yigbtRro. Allen, we were wrong
ly informed AZ to this being the only railroad
tunnel in the State. We we're 80 told nv