Show PAYMENT ON AN ANOLD OLD DEBT E H. H Botsford Is Sued in Judge Ritchie's Court for Money Long Since Due C CALLS RATES USURIOUS S Borrowed in 1901 J Paid and Owes I 2 9 51 Unconscionable and anil usurious arc are tho the terms in which a contract was described described de de- tie tie- scribed In Judge Ritchie's division of tho the district court Wednesday Tho suit is one ono brought by Elmer E B Darling DanIng Darl Dan I ing InS against E. E II U. Botsford for tor 95 which he claims is duo for Interest All AJI the evidence was as heard and Judge Ritchie has tal taken en tho the matter under advisement and will file We a n. written opinion n. n Botsford has lias alrEad already paid on the original note which was vas for Cor and ho refuses es to pay any more The original agreement attached to the tho note noto provided for a n. loan of oC on which S 50 a month interest was to be piLl paid before maturity and 5 6 a month after aCter it became due Tho The loa loan was made mado in 1901 when there was no law Jn in Utah concerning usurious interest Tho The act of It 1907 fixing th tho rate at 1 12 per cent can cnn not apply t to toI I tho the present case There havn ha been a number of ret ref to unusually high nigh rates o ot ot Interest In Supreme court cases c. but bu nothing that will govern Judge fi will have ha to determine whether such a clearly usurious transaction transaction transaction trans trans- action can have havo any standing in court Thinks It Too roo Strong Stron- Tho The principal objection of the do- do Is Js to the J payment of the G S per percent percent percent cent a n. month after maturity Botsford Dots Bots ford docs does not mind the Interest Interest interest inter Inter- est exacted before the tho noto note was Dots I due but refused to pa pay tho the rest The attorney for tor tho asserts asserts as as- that Botsford went into tho the contract con con- tract willingly and that as thero there was no law Jaw at nt tho the time restricting the tue amount mount or ot interest to be charged he ho must pay the rate agreed alreed upon The loan sharks of ot tho city had a great time previous to the tho passage of tho 12 per cent act In 1907 but since that time their profits have o been cut cul down though they aro are said fald to still sUU make malco contracts which will scarcely bear the light turned down There Thero has only been one case casc in th tile the courts since the act was passed and the effect at any rate rote was to make mako the sharks more moro I careful |