Case Name: Elias Pond v. Joshua Wilber et al.
Court: New York Court of Chancery
Jurisdiction: New York
Decision Date: 1843-02-21
Citations: 3 Sarat. Ch. Sent. 4
Docket Number: 
Parties: Elias Pond v. Joshua Wilber et al.
Judges: 
Reporter: Saratoga Chancery Sentinel
Volume: 3
Pages: 4–4

Head Matter:
Elias Pond v. Joshua Wilber et al.
Usury.
Selling mortgage afd¡hsoounT.sonat
S. Stevens, for appellant; G. H. MuMEoRb, for respondents.

Opinion:
Decided that whére ⅜ Person> uPon applying t0 another for a loan of mo-ney» agrees to procure the bond and mortgage of a third person, and sell it to the lender at a discount, after guarantying the payment thereof, such agreement is not usurious or illegal.
Decree appealed from affirmed With costs.