Cheesborough v. Hunter
Cheesborough v. Hunter
Opinion of the Court
delivered the opinion of the court.
The plaintiffs were factors, and the defendant’s house drew on them, in anticipation of produce to be and conveyed to them. These drafts were accepted and paid to the amount of $7003 75, and out of this state of facts, two questions arose in the Circuit Court. 1st, whether the plaintiffs were enti-to interest on these advances; and 2nd, whether “they are entitled to a commission of two and a half per cent, on the advances made.
As to the first, there is no difficulty — it is the common case ef money lent, and the plaintiffs are clearly entitled to interest. The charge of commissions on the advances, was attempted to be supported by usage, but in this, the plaintiffs failed: two witnesses only, were sworn, Mr. Coggeshall and Mr. Cannon. The first had known instances in which they were charged, and others in which they were not, and “ considered the charge correct.” The other had dealt largely with factors, and never paid commissions on advances, and they were not usually charged; so that no usage was proved. In addition to this, it strikes me very forciby, that this charge tends very strongly to usury; for if it be allowed, it is obvious that it might and would be used as a means of evading the statute. I doubt therefore, whether the usage could be supported, however strong the proof might be, as it would operate to countervail a positive law; but it is not intended to conclude this question, if a proper case should be made.
In any view of the case, it is apparent the verdict is wrong, according to the facts conceded on the trial. The plaintiffs, as above stated, had advanced for the defendant, the sum of $7003 75, and it is admitted that they have been reimbursed the sum of $6633, and no more, leaving a balance due the plaintiffs, of
Motion granted,
Case-law data current through December 31, 2025. Source: CourtListener bulk data.