Summary

Portrait of Morrison Waite Morrison Waite Stephens v. Monongahela National Bank…

That the original of the note in suit was discounted and taken by the bank on the twenty-seventh of June, 1871; that the money advanced thereon at the time was only $8,434.65; that the loan was renewed by six subsequent notes, the last being the note in suit; that upon such loan and each of the renewals the bank 'knowingly took, received, reserved, and charged' usurious interest amounting in the aggregate to $3,736.50; that the defendant is only surety for Israel Stephens, the maker of the note
Source: Wikisource

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