Edward Douglass White

“ Rep. 395, where, construing §§ 5197 and 5198 of the Revised Statutes, it was held that the 'usurious transaction,' from the date of which the limitation of the statute begins to run, is the time when the usurious interest was actually paid, and not the time when it was agreed that it should be paid. ”

“ At various times between January 1, 1895, and May 22, 1896, the defendant in error, G. W. Ragland, with sureties, executed promissory notes to the Daingerfield National Bank, for various sums of money loaned to said Ragland. The bank was a national banking association doing business in Daingerfield, Morris county, Texas. ”