Gilmore v. Bissell

Citations

• 124 Ill. 488
• 16 N.E. 925

Syllabus

<p>Usury—interest upon interest, added as principal in renewal note. A promissory note was given, with interest payable annually. After several years, no interest having been paid, in ascertaining the amount due, for-which a renewal note was to be given, the holder charged on the interest due, from the .time it became due to the date of renewal, interest at six per cent per annum. This was added to the interest due and to the principal, the aggregate so ascertained being the principal in the renewal note: Heldr not usurious.</p>