No. 21351 | La. | Jun 7, 1915
Act 204, p. 390, of 1914, reads as follows:
“An act to prohibit the lending or advancing of money at a greater rate of interest than eight per cent, per annum or a greater discount than twenty per cent, per annum, by persons other than licensed pawnbrokers and certain institutions incorporated for loaning money, and fixing penalties for the violation of this act.
“Section 1. Be it enacted by the General Assembly of the state of Louisiana, that it shall be unlawful for any individual, firm or corporation for his or her or their own account or for that of any other person, firm or corporation to lend or advance money at greater rate of interest than eight per cent, per annum or at a greater discount than twenty per cent, per annum.
“Sec. 2. Be it further enacted, etc., that any individual or the members of any firm or the officers of any corporation who shall violate the provisions of the preceding section of this act shall be deemed guilty of a misdemeanor and upon conviction shall be fined not less than twenty-five or more than one hundred dollars or imprisoned not more than three months or both at the discretion of the court.
“Sec. 3. Be it further enacted, etc., that this act shall not be held to apply to pawnbrokers, nor to building and loan or homestead associations authorized to do business in this state, nor shall it apply to banks, bankers, trust companies or savings banks, or to any transaction with banks, bankers, trust companies or saving banks, or to loans made by manufacturers or merchants to their customers.
“Sec. 4. Be it further enacted, etc., that all laws or parts of laws in conflict herewith be and are hereby repealed.”
.The accused assails the constitutionality of this act on various grounds, one of which alone need be noticed. It is that in the title of the act only licensed pawnbrokers and institutions incorporated for the lending of money are excepted from the provisions of the act, whereas other persons are excepted in the body of the act, namely, unlicensed pawnbrokers, bankers, manufacturers, and merchants.
“By striking out the exemptiqnas unconstitutional, it leaves subject to criminal prosecution those the Legislature expressly intended should be exempt.
“As to them it would be making that a crime which was never intended should be.”
Another similar case is Connolly v. Union Sewer Pipe Co., 22 Sup. Ct. 431, 46 L. Ed. 679" court="SCOTUS" date_filed="1902-03-10" href="https://app.midpage.ai/document/connolly-v-union-sewer-pipe-co-95612?utm_source=webapp" opinion_id="95612">46 L. Ed. 679, where the court said:
“A discrimination in favor of agricultural products or live stock in the hands of the producer or raiser, made by the Illinois Trust Act of June 20, 1$93, exempting them from the provisions which prohibit a recovery of the price of articles sold by any trust or combination formed in restraint of trade or competition, in violation of that act, renders the act repugnant to the provision of United States Constitution, fourteenth amendment, in respect to equal protection of the law.”
“An elimination of the unconstitutional portion of the Illinois Trust Act of June 20, 1S93, which exempts agriculturists and live stock dealers from the provisions which prohibit combinations in restraint of trade, cannot be made without bringing these classes of persons within the prohibitions of the statute, in contravention of the legislative intent, and therefore the entire act must be held invalid.”
Judgment affirmed.