, 1865-02-18
BORROWERS AND LENDERS,
Important Dseisisns BY Tho Saprene Court
---r" - Of illinois, -

IN Interesting question between the borrowers
and lenders Of mancy IN nj. ~ ,..s rssr.,'s
nseaed n,,o, ~, 49,. 49, ~ u's s!s. "as recently
paeseo upon ~ me Supreme Court IN the CASES Of
"ayman ps; Isabella cochrane; ant Wayman rs.
man. xho is well known. il his community q
Court and he Circuit court Of Ills civ re.ncct
lively But, ns the facts were the sane IN po,h
casee, and the same question was Raised in h,th
single statement 711 suffice TO show The rnIine
Of the Court, and the rule Of law establishes b. It
Although, doubtle4s, very msny EWtisr rssas
have occurred here and elsewhere. r. Mnest1on
vas never before presented to The Suprcue
Court 1ts decision eetabiiabes q highly T inport- M
ant precedent IN this class Of cases
In March, 1861, MIR. Way1nap bor, owed s1ooo
On hond and mortgage for five years, at Ten ner
cent ;3ts1eet ter payspls hat yesIy
ment might be entered On tie bonis, fhr c6nfes,
sion, and the mortgage forecloeed either by ssie
Or sutt IT,. x...
Sept 1861, and therefore 3udpment ,rns entere1
for the penalty Of $4,000. and hii1 IN chsncerv
pare: no defense g,a pFec,ose ne NOR. a.
ssnft and in Marrh1 1Sss Tas rr,1 mage aa 70 mat
s1os35s vas rendered. i 5ae G1eeesa,nes Of
rerss cnnrt thsf fnd0n1nt =. s W. ana tas aas
entered IN 1hs hInS ses.t as tneu.uoeo . nao oecn
withstannr IN os seonn,,n o ne a.. decree; hat not
Mrater nsinssrd irts .s,s e I a1oua. oue. tne
ferest tn he 5sfe i ~. entasn IL asetes gave m
Per tsa annu 1n.ead az ol at sr esnt
uent. which WIS the rn1e alioed hv ,.w ~ M IKE
ments, Exceptions were msds q he r M,sters.
'Sa ShIsi
eases Tere tsken to az g. snHrema nn1e 1o1a nn.
ns n, ,,.or 19~s en9 ts,d ado nc C.Tcolt Ionrh
The case of Coehrsne stnnd nrcr HI th iaet ter.
Of the Court. The n6int tsken on annc.' ,s% va
th.t 1he ;udnnoant -. ~ hn+5 ,on, ~ was.
nil ~ ~ rts r%rn tha .nor~4 - ~ sISu ~
Fn1s+ W Y a5ang .ae amoens ot ;s lsse ana IN
cent and that no h,cheT Interest should be- aI1pT.
ed m ,ns 10 n bst ths Cont IL .h
While thai WIS he rcnetal ru1e vet in t1s case L
dd MT apply becanse the IN itself eoa
Snht -, - ,s1 LUZ aor .ns t M . tpe
shnni5 ~ ra.d ,h.9 ,rhiio ta he,1d ,[s ~ a lens ~
fhc indrment @ ret fht cnScnsni IN nnest3an ~ ~
~ ~ 1nu ~ o. sisd ~
H. deht anS dam:cc. ~ thc ,stc ~ trn n1r srnt
he ss enfitIcd ta lie .amc In lila smit a. fore..
n.,5Hed thea on e ''se' WHICH
The ipdcmsnt wss thersorc vras affirmed.
tpon the hearing Of lie cocbrsne case. 1t Was
eo:s Ia shs n aer a ~ The eond
M se ai ae9n ne
~ iar T hin~ tSsf IN sn.h csse. he iender had nndt
m fircf96n nT ra1ntdv. and ,eas bound by Il md
be wond tc 70 e aa
ar cent In thst action II he had not coi iud:mcnt
~ IN hnna ~ hcfore xet latino fnd,ment ss re- had
wrs M m ciertion: mr. ~ enc n the raortesre in
roranani iear3,r him ia indo,nrnt A. fhf fnii
snn.sn-e ~ fha aEnannt r. the dcht and tho mnTt
n..a H., -. ~ .ae a't;t ~ 81 rrnn1 o
snTs sn as a. at ann,oves bv the
conrf uh,ct revetsea IN iec1se nf he Snnerior
w "em ~ sd t. -. ' asfn, nf t1a s.1e
Coula ana " ns.nG ~ rn.r reSn.r.
~ H., case M Susly rcversIne he deere
~ MIt MY GsG, to aae 1n.sy H., - Seeis.
q ne Cfenat Gon,tImns maRsns 1ts OWE oee'S'
lo1s te So1i na ua,,-
ae1 snease a e,ers1 -1n II 10
= h ,nGant a. 1.r ~ derrce in "h.n,
IT, .aa. ~ ~ NJ am U WEI hith ~
:a5,nu ~: ~ ~ 1ssod - hrn,,aa enrrp1v rTed n
H5st Hio!sJ5ens - paee0' oeeoe7 en'A~' AA's' se~ -
ns n ~ ,f TIM ronr, I, ,1o.ee s,r os
T.. ;, p LIZ saa.a. - ~ h;S ~ ~ rs-t1e 81 T. ~
~ s1xis aa IssHSe :" INV s sa. sI 81 ~ s.a, -
Io1ce ana . xnte ~ tnen :. aIM ~ a.
!ne esa! 'apny ~ uaMsietsu .ss ~ " nv 15
or oeetee: nSe "eSnS ~ - meEG ~. ~ et ee 5uaS
menL no iuItnel acEon o. !am os sa' sYas ~
e maintanea on tne nsanens m ~ r1Sne sna m1
f ~ y aaTros1esrt a,Iostas
~ ~ " - az M ,ae III. Sas. sn .sha1
.1 iae.,t - ~ "r sx;1Sass ~ a. lS% - l.; thi
s n ;a.n ~ " .i n ~. IN ~ |s ~
Ssse ~ lSasto " W - ~ ususs AIM ans
@ Ss - ee asa ~ "ar aant+ tn1 ony =,
shn .3ate Her soaa ~ ~ ~ n,sin.i aeht
a.d +tet aa6t co,,a nn,v he.r .,r ner cent ;nte1
o -, 1.tr sa. h"u .3S ~ ~ ;nanmarnt ~ dar~e.
& Ioe. s. tns r.e Ths e ~ ;na1
l