Missouri & Arkansas Lumber & Mining Co. v. Greenwood District

Citations

• 249 U.S. 170
• 39 S. Ct. 202
• 63 L. Ed. 538
• 1919 U.S. LEXIS 2240

Syllabus

<p>A revivor to escape the statute of limitations adds no new efficacy to a judgment in respect of the power of the legislature tb stop the further running of interest. P. 172.</p> <p>A judgment of the United States Circuit Court, based on non-interest-bearing county warrants, provided for interest at a specified rate on • the amount of the judgment until paid. A later act of the legislature declared that thereafter judgments' on such warrants should bear no interest. Held, consistent with the contract clause and due process. Id. Mdrley v. Lake Shore & Michigan Southern By. Co., 146 U. S. 162.</p> <p>Interest on judgments allowed by statute merely is not contractual but a penalty or liquidated damages. P. 173.</p> <p>Quaere: Is this true of a judgment' based on a contract stipulating for interest? Id.</p>