The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-11-06
POLICE COURT NOTES.

Mary Was was held TO answer, in ST. 600 ban, at tho
Tombs yesterday on charge OF keeping disorderly
house at No. 9s Elizabeth street.
Lucy Buchanan was committed for trial at tho
Tombs yesterday on charge OF stealing a wallet and
$50 from Abby oBrien, in a lodging house, Thurs
day night Bail was fixed at 81 900.
Henry G. Benton held to answer n charge OF
embezzling the sum OF SIS from his employer, John
obcrsteetcr, of Nos 81 and IS Walker street BsIL
ST. COO
on the Goth of October Leon Dccfnan ONO IL Union
street. Brooklyn robbed in Water street OF valu-
able gold watch. few days aftorward Detective
Kearns of tho Fourth precinct arrested one Michael
Qugey for having in his possession pawn ticket for
the aforesaid watch Qugley was taken to the T0mb5
and released III 900 bail Two days ago, as tho
police express IT, he weakened and told the detective
how he had come by the pawn ticket Ho obtained IT,
he said from John sullivan, who says he got it from
John Shannan The latter states that he pawned the
watch for Christopher Barry who admits that he stole
It, All three arrested yesterday and taken before
Justice Flammer, who held them for examination.
UNITED STATES SUPREME COURT
FULL OPINION OF naE COURT ON THE STATE
UsURY LAWS AS AFFECTING NATIONAL
BANKS.
WASHINGTON Nov. 5, 1875.
No 500. October tarm. 1s75.-ThO following 10 the
opinion in full Of the Supreme Court Of the United
States In the OF the Farmers and Mechanics Ma
tional Bank of Buffalo, plaintiff in error, Peter z.
bearing, delivered some time ago.
In to the Court or Appeals or the State OF New
York. Mr.. Justice Swayno delivered the opinion Of
the Court
Tho question presented for our determination IN
wolves the construction OF the provisions Of the Ma
tonal Bank act of Congress OF the 3d OF June 1864
tl3 stat, 9Q) upon the subject Of the interest
10 be taken by the Institutions ORGANIZED
under that act The plaintiff In error Is one o.
those institutions The thirtcth section OF the act
declares that every association may take, receive
serve and charge on any loan discount made upor
any note bill OF exchange other evidence OF debt in
erest Mt the rate allowed by the laws OF tho State
Territory whore the bank IS located and no more OK
cept that where by tho laws Of any State a difleren
rate Is limited Tor banks Of issue organized under Stat
laws, the rates limited shall be allowed for assoca
tons organized IN any such State under thf
act And when no ratio Is fixed by tho law
| Of the State or Territory, tho bank may take
/ receive or charge ratio not exceeding seven pc
| cent, and such interest may be taken in advance
reckoning tho days for which tho noto bill or othe
| evidence OF debt has to run, and the knowingly
taking, receiving rcserving or charging n rat
/ OF interest creator than aforesaid shall b
held and adiudged forfeiture Of the entire interes
which tho note, bill other evidence of debt carries
with ~ or which has been agreed to be paid thereon
and In case greater rate OF interest has been paid h
person or persons paying the their legal rep
resontaves may recover back In any action OF debt
twice the amount OF interest thus paid from the assoca
ton taking receiving tho same provided that such
action Is commenced within two years from the time
the usurious Transaction occurred But the purchase