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Case No. 913.
BANK OF THE UNITED STATES v. CRABB.
[2 Cranch, C. C. 299.]1
Circuit Court, District of Columbia.
April Term, 1822.
NEGOTIABLE INSTRUMENTS—DISCOUNT—USURY.
Taking sixty-four days' discount upon discounting a note, payable at sixty days, is not usury.
At law. Assumpsit upon a note payable sixty days after date, discounted by the plaintiffs, reserving sixty-four days' discount Defence, usury.
THE COURT (nem. con.) was of opinion that it was not usury. The argument of counsel was very slight; and after the court Intimated its opinion, the defendant withdrew the defence.
1 [Reported by Hon. William Cranch, Chief Judge.]
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