"I reckon he thinks they’d net him on the usury law if he netted more than eight per cent."

Mississippi’s laws included an anti-usury statute, stating that the highest rate of interest that could be charged on a loan was ten per cent per annum. If it exceeded this, the extra money was deemed to be a repayment of the loan. The individual received the same amount by way of compensation, so usurers effectively paid the surcharge twice.