Samuel Blatchford, Wilson v. Edmonds — Opinion of the Court
“ In every case of an advance or loan of money by the defendant to Squier & Co., a note was given to the defendant for the amount, bearing 10 per cent. interest, and pay vouchers for the same amount were placed in the hands of the defendant. The money lent by the defendant to Squier & Co., for which the notes were given, was to be invested in vouchers, which were to be bought at a rate to net in the way of discount the profit designated in the agreement; but that profit was not intended to be a profit to the defendant, in addition to the 10 per cent. ”
