Democratic Sentinel, Volume 2, Number 42, Rensselaer, Jasper County, 29 November 1878 — A Judgment for $9,000,000. [ARTICLE]
A Judgment for $9,000,000.
On Oct. 5, 1854, George T. Walker gave a promissory note to William Hood for $1,850, payable in six months and bearing 3 per cent, per month interest, which was to be compounded and added to the principal if not paid each month. As security for the note a mortgage was given on some land in Santa Clara county, where Walker then lived. No interest was ever paid on the note, and, before its maturity, Walker had left the State for Mexico, where he took up Iris permanent residence. A few months ago, however, he returned on a visit to this city, and then suit was brought to recover on the note. On computing the interest, it was found that, added to the principal, the amoupt
due was $9,000,000, and to-day Judge Morrison rendered a default judgment for that amount. It is believed that Walker has already returned to Mexico. —San Francisco Post.
