District Court, D. Alaska December 22, 1906, No. 594 (Lorentzen v. Warner)

WICKERSHAM, District Judge.

The facts disclosed by the answer are that defendants gave the principal note for $2,500, due in one year, bearing interest only aftér maturity; also 12 interest notes, due monthly, for $75 each, bearing interest only after maturity. Each of these interest notes was given for a month’s interest on the principal note at 36 per cent, per annum.