Illinois Supreme Court December 15, 1857 (Seegar v. Seegar)

lead-opinion

Catón, C. J.

This note was executed in 1852, and while the interest law of 1849 was in operation. That law allowed six per cent, interest, and no more, in all cases, except for money loaned, when it allowed ten per cent. That law also provided that, in any action brought upon any note, etc., wherein is reserved a higher rate of interest than six per cent.