Holden v. Trust Company,
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100 U.S. 72 (1879)
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U.S. Supreme Court
Holden v. Trust Company, 100 U.S. 72 (1879)
Holden v. Trust Company
100 U.S. 72
1. In the District of Columbia, the legal rate of interest is six percent per annum, but parties may, in writing, stipulate for any other rate not exceeding ten.
2. Where a party made there his promissory note, whereby he promised to pay a certain sum therein named, "with ten percent interest," held that interest should be computed at that rate up to the maturity of the note, and thereafter at six percent.
The facts are stated in the opinion of the Court.