The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-02-23
interest Laws In tne nInerent state

AhteEest LAWS IN the Inherent States.
A pamphlet hasjust been issued from
the Bureau of Statistics, in the Treas
ury Department at Washington, which
bears the following title: r. -.a.-
Statistics of the United States, compiled
Under the authority of the Secretary Of
The Treasury, IN compliance OitH the re-
guest of the Secretary of State, for
Transmission to The United States Com
missioner General for the Paris EEpo-
Sttton Of 1867, By ALEXANDER DELStAR,
Director OF the Bureau of Statistics,
Treasury Depurtment" ra
Among the tables contained in the
pamphlet is one that gives the legal
rates of interest in the several States OF
the Union, and the penalties attached
for usury. I,
Alabama, the legal rate of interest is
eight per cent, and the penalty for
charging more is the forfeiture of the
Arkansas, six per cent, and by spe-
cial contract ten per cent. For high
er charge, the penalty is the forfeiture
of the usury only. . ~
California, ten per cent, and by
special contract any rate.
Connecticut, six per cent. Usurious
contracts utterly void.
Delaware, six per cent. Forfeit whole
debt.
Florida, eight per cent. Forfeit inter
est and usury. =
Georgia, seven per cent. Forfeit in
terest and usury.
Illinois, six per cent. BY special con-
tract, as nigh as ten per cent. Forfeit
interest and usury. rg.. ..u.
Indiana the same, with a forfeit
double the usury. i
Iowa the same, with a forfeit of ten
per cent on the amount of contract.
hentucky, six per cent. Forfeit
usury only. -..a ---l--
Z. Louisiana, five per cent. Banks al
low the rates expressed in their charter.
Special contracts may go to ten per
cent. Forfeit, interest and usury. -
Maine, six per cent. Excess deduct
ed from amount due. rrt
contracts. eight per cent. Usurious con-
tracts void.
Massachusetts, six per cent. Forfeit
three times the usury and costs.
michigan, seven per cent. Byspecial
contract ten per cent. Forfeit excess of
interest only. .- al..t.-. r.
Minnesota, seven per cent. By stip-
ulatton in writing twelve per cent.
mississippi, six per cent. On bona
JIde loans of money, eight per cent.
Forfeiture usury and cost. EF
missouri, six per cent. Forfeit inter-
est and 1snry. . lHIa = - -
New Hampshire, six per cent. For
fell three times tie usury. -a
New Jersey, six and seven per cent.
Contract for more void, with forfeit of
fuIl amount of debt, half to the informer.
New York, seven per cent. Contract
for more void, and a dismeanor.
North Carolina, six per cent. Con-
tract tor more void, with a forfeit of
double the amount of the loan. cor
Ohio. six per cent. Excess credited
on the principal. 14 s..l.llHl ---0-'7
Pennsylvania, six per cent. Excess
deducted from debt. Negotiable paper
IN bona Ide hands unaffected. Agents
oil parties residing out of the State NAV
hands, 1 = = = = -.
Rhode Island. six per cent. Forfeit
usury only.
South Carolina, seven per cent. For
felt usury, interest and costs.
Tennessee, six per cent. Forfeit ex-
cess only. Il. VI.
Texas, eight per cent. Forfeit inter-
est and usury only. By stipulation in
writing, as high as twelve per cent may
be charged.
Vermont, six per cent. Forfeit ex-
with interest and costs, .sU... Hr
Virginia, six per cent. Contract for
more void: lender liable to penalty of
twice the debt.
Wisconsin, seven per cent. Contracts
valid, but no interest recoverable there
on. Party paying usury may recover
treble the amount of excess. ...
District of Columbia, six per cent.
Osurlous contracts void.