Lawrence v. Griffen

Citations

• 30 Tex. 400

Syllabus

<p>Where there was proof that the principal maker of the notes applied to the plaintiff to borrow money, and that a loan of twenty-five per centum per annum was covered under the pretext of buying the notes, and afterwards extending the time for payment by buying other notes for interest at the same rate, until, by compounding, the sum first advanced was doubled in ■ three years, it was error to tell the jury that it might be a fair, honest, and open transaction. (Paschal’s Dig., Art. 3942, Note 932.)</p> <p>Where there is an effort to cover usury, the court should penetrate beneath the lawful appearance, and reach the unlawful transaction.</p> <p>For the law upon .usury, it is not necessary to do more than to refer to the cases cited, note 932 of Paschal’s Digest.</p>