LOWRY v. COLLATERAL LOAN ASSOCIATION, 172 N.Y. 633 (1902)

65 N.E. 1123

MARY B. LOWRY, Respondent, v. COLLATERAL LOAN ASSOCIATION, Appellant.

Court of Appeals of the State of New York.Argued October 24, 1902
Decided November 11, 1902

James C. de La Mare for appellant.

Henry G.K. Heath for respondent.

Per Curiam.

This appeal presents the same questions, arising in the same way and argued at the same time as the case of John Lowry against this defendant. (172 N.Y. 394.) The complaint in each action made out a clear case for relief on the ground of usury, unless the general statute against taking interest at a rate greater than is allowed by law is repealed by implication as to corporations organized under

Page 634

chapter 326 of the Laws of 1895. We apply the principle of that case to the one now before us and affirm the judgment, with costs, on our opinion in the other action.

PARKER, Ch. J., GRAY, O’BRIEN, BARTLETT, HAIGHT, MARTIN and VANN, JJ., concur.

Judgment affirmed.

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