Court : US Supreme Court
Decided on : Jan-01-1836
..... or consideration and pay costs, but shall be discharged of all the other penalties of this act." the complainants in the circuit court of the county of alexandria, in the district of columbia, filed a bill to obtain relief under the statute against an alleged usurious loan, and made a contingent and prospective offer to pay the principal, when the affairs of the ..... furtherance of strict justice between the borrower and lender. the former has by it, upon the discovery of the usury by the lender, the use of the money without paying the interest fixed by the law as a fair compensation for the loan of money. strict justice requires from the party claiming to be released by equity page 35 u. s. 504 ..... was not intended to exclude the ordinary interference of a court of equity between borrowers and lenders in usurious contracts to enforce the payment of the principal and that interest which the statute itself fixes as a fair rate of compensation for the loan of money. the fact of the legislature's having released the lender from all other penalties in the ..... act except the loss of interest can make nothing against the construction of the statute, for that is only the consequence of .....Tag this Judgment!