Summary

Portrait of James Moore Wayne James Moore Wayne Stanley v. Gadsby — Opinion of the Court

Swann et al.: that he who seeks the aid of equity, to be relieved from usury, must do equity by paying the principal and legal interest upon the money borrowed. The complainant does not offer to do so in his bill. This is essential to every such application in a court of equity: first, to give the court jurisdiction, and to enable the chancellor, if he thinks proper to do so, to require the payment of principal and interest before the hearing of the cause. The relief sought in such cases is an exemption from the illegal usury.
Source: Wikisource

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