Hogmire's Lessee v. Chapline

The Jury were directed, th-n if it appeared to them that the deed for the land, for which the ejectment was brought, from the defen» dant to the lessor of the plaintiff, for the consideration of ¿500, was composed or money actually lent, a bond cancelled, tec. that then the deed was not usurious and void, although it should appear that a pa-rol contract was made at the time of executing the deed to pay 9 per cfTit interest on the said sum of ¿500. But if it appeared that the money, said to be loaned, was not actually lent, but a less sum, so that the lessor was to receive by virtue ' of the said deed and bond, a sum ’ for Everest exceeding* the rate of tí pet cent per annum on the consideration expressed in the deed, that then, the deed was usurious and void*

Ejectment for a tract of land called Mount Pleasant, lying in Washington county. General de-fence, and issue joined. The plaintiff at the trial produced and read in evidence to the jury, a patent granted to the defendant on the 15th of February 1791, for the tract of land ■called Mount Pleasant, containing'2575 acres. The plaintiff also produced and read in evidence, a deed executed by the defendant to the lessor of the plaintiff*, on the 19th of April 1794, whereby, in consideration of 5002 current money, the defendant conveyed to the lessor of the plaintiff, 200 acres of land, part of the said tract called Mount Pleasant. The defendant offered in evidence to the jury, that the lessor of the plaintiff lent to the defendant the 'sum of 5002 current money, and that at the time of the loan, it was agreed by parol, between the lessor of the plaintiff and the defendant, that the lessor of the plaintiff should receive, and the defendant pay, at the rate of nine per cent, per annum on the money so loaned; and at the same time it was further agreed, that the defendant should execute to the lessor of the plaintiff, as an assurance, the deed under which the plaintiff makes title in this cause. The defendant further offered and read in evidence, a bond admitted to have been executed by the lessor of the plaintiff to the defendant, on the 1st of May 1794,'stating the loan of the said sum of 5002 by the lessor of the plaintiff to the .defendant, on the 12th of April 1794, and the deed for the said 200 acres from the defendant to the lessor of the plaintiff, and that the defendant liad agreed to pay unto the lessor of the plaintiff the said 5002 in gold and silver money, with legal interest thereon from the last mentioned day, on the 1st of October then next, and that if the money was then paid, that then the lessor of the plaintiff should convey and make over the same land to the defendant; but if the money was not paid at the time mentioned, then the said bond to be void. The plaintiff further offered in evidence, that the said sum of 5002 consideration in the said deed, was composed of 4362 s-s 4d, money lent, of 552 10s 0d, due at that time on bond from the defendant to the lessor of the plaintiff, and which bond, in consideration, was given up, and of the further sum of 82 4s 8(1 at and before that time due by account from the defendant to the lessor of the plaintiff, for work and la-bour done by the lessor of the plaintiff, as a surveyor, ■for the defendant, and at his request. "Whereupon the defendant, by his counsel, prayed the opinion of the court, and their direction to the jury, that if they believed, from the evidence offered, that the lessor of the plaintiff actually lent or advanced in the three sums stated, the sum of 5002 to the ■defendant, and at the time of the said loan or advance ■it was, by parol, mutually agreed between them, that the lessor of the plaintiff should receive, and the defendant pay, at the rate of nine per centum per annum interest on the said 5002, and that at the time of the said loan, or advance, it was agreed between the said lessor of the plaintiff and defendant, that the defendant should, by way of assurance, execute the deed aforesaid to the said lessor of the plaintiff, under which the plaintiff makes 'title, and did execute the same deed in pursuance of such agreement, that then the said deed is void.