Summary

Portrait of John Catron John Catron Saltmarsh v. Tuthill (54 U.S. 229…

The proof was offered, and only material to establish the defence of usury, this being the sole defence. It must be admitted, that if the party to the bill had been introduced to establish the whole defence, then he was incompetent; and to hold, that he could prove a defence in part, without which piece of evidence no successful defence could be made, would be a mere evasion of the rule, which excludes such witness from giving evidence to impeach the consideration.
No other question is presented to us, nor does any other exist in the record, worthy of notice.
Source: Wikisource

Portrait of John Catron John Catron Saltmarsh v. Tuthill (54 U.S. 229…

The parties went to trial on the general issue, and the defence relied on was usury. By the laws of Alabama, a party to any security for the payment of money, who takes more than after the rate of eight per cent. per annum for the money advanced, is prohibited from recovering any interest, and can have judgment only for the original sum loaned.
Source: Wikisource

Get perspective with Kwize: daily news enlightened by great literature