Green-Mountain freeman. [volume] (Montpelier, Vt.) 1844-1884, 1857-10-15

Ten M lchlgan, seven per cent, or as high as
Ten per cent by agreement; Wisconsin, seven
per cent, or as high as twelve by agreement
Mlnhessola. M seven per cent, or any higher rate
II agreed in writing California, ten per cent,
or any higher by contract. 1t will thus be
seen that all the older States lexcept Vermont
adhere strictly TO minimum rates of interest.
The penalty affixed to usury in the State Of
MAINE is forfeiture of the debt in New
Hampshire, forfeiture of three times the usury
In Vermont, excess not collectable, and when
paid may be recovered back with costs I; in
Massachusetts, three times the un lawful inter-
est taken and in care of bank, forfeiture of
! the debt in Rhode Island, forfeiture of ex-
cess IN Connecticut, forfeitures of all; IN
New York, the contract made void, but cor
porations cannot set up usury as a defense
persons who take ususy punishable by fine
not exceeding $1,000, or six months imprison-
ment, or both in New Jersey, forfeiture of
whole amount in Pennsylvania, forfeiture of
usurious interest in an action on the contract
and of the money lent in penal action Del
aware, loss of debt; Virginia, contract annull-
ed and in criminal action double the money
lent forfeited North Carolina, contrac vo ided
and double the sum of money loaned forfeited
South Carolina, forfeiture of interest with costs;
Georgia, Michigan, Mississippi Wisconsin and
California excess not recoverable Alabama,
all interest lost Louisiana, contract annulled
Florida and Texas, loss of all interest; Ten
nessee, loss of double the excess Kentucky,
forfeiture Of usury and cost Ohio, forfeiture
of usury Indiana, forfeiture of interest and
fine of five times the excess Illinois loss of
three times the whole interest taken M issou-
ri, forfeiture of usury and interest, and as
much of principal as usury exceeds legal inter-
est ; Iowa, forfeiture of ten per cent of amount
of contract, and principal only recoverable
in Minnesota there is no law against usury
The policy of homestead exemption laws
securing houses and lands of specified value
from acknowledgements to ave been very
generally adopted throughout the conlederacy
They exist in all the States except Rhod e
! Island, Connecticut, Pennsylvania, Delaware
Maryland, Virginia. North Carolina, Kentucky
) Missouri and Louisiana and in all these GER
J tain other kinds of property are exemed from
attachment. Mechanics lien laws exist in all
J the States except Maryland and Kentucky
where, snguarly enough only certain counties
afford this protection to the mechanic.
: Married women have independent rights in
property which they possessed at the time of
= marriage, moTe generally than is supposed.
They possess these rights, with qualifications in
, some instances, in the States of Maine, Massa-
} chusetts, Connecticut, New York, Pennsylva-
! mia, Mary land Virginia, North Caro- lima, Ala.
r bama, Louisiana, Florida, Texas Tennessee
1 Kentucky, Indiana, Michigan, Iowa, W is
consin and California, and the Territory of M in
nesseta. In none of these States can property
= which woman held at the time of her mar
e IMAGE be alienaled by the husband without, hel
Y consent, nor is ii liable for his debts
; Recent legislation in some of the States may
? perhaps have changed the matters above spec
ifed but these facts are as reliable as the nature
$ of things will permit.