Civil action upon a promissory note, given by the defendant’s testator to the plaintiff’s testator, and tried at the last term of Cumberland Superior Court, before Buxton, J. The note sued on was in the following words: December 12th, 1864. Borrowed of Duncan Murchison, Esq., President Little Eiver Manufacturing Company, twelve thousand dollars, onelialf of which I promise to pay two years after the termination of this war, without interest, in the then currency.
Cited by 1 later decisions — most recently January 1877
¶1
The rules of law which govern this case are so well settled by recent decisions of this Court, that they need no further discussion;
McKesson
v. Jones, 66 N. C. 258,
Chapman
v.
Wacasser,
64 N. C. 532, and other cases. The terms of the contract, upon which this action is founded, "were made definite by the express agreement of the parties, and the legal presumptions created by statute, as to business transactions during the rebellion, do not arise. The money to be paid was
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only half of the amount borrowed, and was not to bear interest until two years after the war, which was the time of payment.
¶2
The objection made by the defendant, that part of the money loaned was for the express purpose of paying taxes to a county in a state of rebellion, «annot be maintained.
¶3
The ruling of his Honor upon this point was correct and the judgment must be affirmed.
