William Thompson claims he borrowed $500 from Reuben Grady; as security for the loan, Thompson delivered a slave named Jim to Grady. Grady was to have Jim's labor in lieu of interest, but was to return him when Thompson repaid the debt. If Thompson failed to repay the loan by the agreed upon date, Grady had the option of giving Thompson $200 worth of tobacco and getting title to the slave. When Thompson tried to repay the $500 and redeem Jim, Grady refused to accept his money because it was "paper or notes on the bank of Commonwealth of Kentucky" and not specie. Thompson asserts that while the type of currency was not stipulated in their contract, he was repaying the money with the same currency that he borrowed, and that Grady should accept it. He asks the court to compel Grady to "restore said negro to your orator & pay him a reasonable hire for him from the time your orator tendered to return said money until said negro shall be returned."
Result: Granted.
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Repository: Kentucky Division of Libraries and Archives, Frankfort, Kentucky
