Massachusetts Supreme Judicial Court September 15, 1846 (Bank of Orleans v. Curtis)

Wilde, J.

This action is assumpsit against the defendants as acceptors of a bill of exchange for $3000, drawn by John Thomas, payable to his own order, and by him indorsed .o the plaintiffs, a bank at Albion in the State of New York. The defence is, that the bill was discounted at a rate of interest exceeding seven per cent.