City of New Orleans v. Comptoir National D'Escompte De Paris

Citations

• 104 La. 214

Syllabus

<p>Syllabus.'</p> <p>The gross profits of the business of borrowing anfl loaning money by an agent or intermediary, are the commissions or charges that are paid by the borrower over and above the amount that is expended in negotiating the loan.</p> <p>One engaged in procuring exchange on foreign banks for the use of local customers, and in so doing pays a discount and charges same to the customer, in addition to his commission, is not entitled to any share in the discount, and same constitutes no portion of his gross profits.</p>