Show RATE HELD TO BE unconscionable julge ritchie invalidates contract on broad principle of public policy salt lake aug 28 A provision in a note requiring the payment of 6 5 1 per r cent per month interest to Is unconscionable scio zelo and void according to a decision rendered by judge morris morri L ritchie of the district court yesterday it was wag in the case of elmer B E darling aga against trist eugene N botsford Botsfo rl and oeners which was argued and submit tot to the court on wednesday darling loaned botsford aug 7 1900 for ten months at 2 12 1 2 per cent per month interest until maturity and 5 per cent por per month after that time botsford paid all told anxo and refused to pay the 5 per cent interest after maturity judge ritchie holds that it cannot bo be col lecter by darling and allows allowa him but S per cent tho the decision is short and owing t to tu the interest manifested in the case is given in full as follows fol luwe action is brought on a note dated aug 7 1900 for 10 payable in monthly installments of 10 each and T 1 with interest at tha E rate ate of per month from date to maturity n atu rity interest payable monthly tho rho principal qu astion to be e determined is whether a provision of the rote pote that if not paid when due it shall draw interest at the rate of 5 per cent per from maturity until paid can be enforced the defense is that it Is unconscionable scio cio the supreme court on april 17 1900 several months before the date of this note held that upon a loan of money molley a contract contrast to repay a sum equivalent to the sum loaned with interest thereon at the rate of 26 per cert per annum from the date of the transaction is unconscionable f hives ves eczema itch or salt rheum fets you crazy cant bear the touch of your clothing doans ointment cures the most obstinate cases why suffer all druggists sell it |