Every evening, Wilmington daily commercial. (Wilmington, Del.) 1878-1928, 1922-04-14
JUDGMENT FOR NEARLY
sos TR|LL|ONS FILED
Note for Ten Per Cent a Month
Would Break Even
Henry Ford.

Oakland. Cal. April iS,-Prof,-
ably tho largest Judgment that VIA.
ever entered Ia any court in the world
wss entered In tho superior Court or
santa Clara County. Cal. IN March
9. 1874. when Judge J. r. Welch gave
Henry II. Stuart 81 San Jose. Cal.
judgment agains, George Jones Of the
same place for tho sum 81 t30s $40
ss7. Sr2 .ss5.is. with inteTes; At : per
cont per ennun unm paid.
This Judgment was for principal
and accumulated interest on a prom
issory nots for 800 given BY Jones
10 stuArt on jan ~. 1897. There is
not money enouRh IN The world %
pay tbs judgment and Il II certain
hs< Stuart viii never collect no fun
amount, as tho interest Is accumu-
latins at tho rate OF about $4,000
600. 900 a day. II every man. woman
and child ia tho United States and
it's outlying possessions should con-
tribute an equal amount toward the
full payment Of this Judgment each
would be required to pay over
81. 500. 900.
On Jan. IS. 1897. George Jones Dor
rowed sieo from Henry B. Stuart. for
which he gave bis note. payable on
April IS. 1897. at 3 o'clock p. m, az
tho Commercial and Savings Bank OF
/ San Jose. with interest OF 10 per cent
/ per month. payable monthly. II was
this high rate OF interest, and the
fact that IL was compounded every
month for twenty-five years, that
caused the debt 60 increase SO rapidly
II the rate Of interest had been 10
per cent per annum. payable annual
", the whole amount OF principal and
interest would have amounted TO onls
about &l,lo0 IN the twenty-five years
Jones claimed that the agreed rate
OF interest was 10 per cent per an
mum. but that by mutual mistake the
note was filled in so as 10 read 10 PEI
cent instead OF 1912 per cent pei
month.
II Jones had remained within tbs
State the note would have been out
lawed in four years from April is
1891: but the complainant in the &C
ton alleged that In April. 1897. Jone.
left the State and resided elsewhere
until Aug. S. 1921. when he returned
10 California,
In the answer filed by Jones he al
legged that before he left California. II
December OF 1899. he paid Stuart tn,
full amount due upon the note. an(
that Stuart said TO him at that tim,
that the note was In possession OF hi
wife. and that no would destroy II
Jones asked for a Judgment reforming
the note so that It would correctly sc
forth the agreed rate OF interest.
The case was tried before the court
without a jury, on March I. 1926
!, Stuart was sworn and examined. an
documentary evidence was introduced
but no evidence was presented on be
. half OF Jones; findings were waived b
/ both parties The court ordered. ad
! Judged and decreed that said plaintiff
/ have and recover from said defsndan
the sum OF 1904. SAC. 9S2. 9l2 ,6s51t
, with interest thereon at tho rate c
l. per cent per annum until paid. 10
gether with the further sum OF SIS
. plaintiffs attorneys fees herein. Wit
, interests thereon al the rate OF pc
, cent per annun until paid
1t has not yet been determined JUS
r what stops Will DO taken to collect o
= the Judgment. Jones is a salesna
v for the Osen Motor Company OF Sa
Jose. Stuart who IS sixty-two year
old. is In the grain and feed bushes
In San Jose. where he has reside
Il since 1856. He has a wife and Nv
y children.