in possession, or a deduction on that account ought to have been made from the rents with which he is charged by the said report. 3d. For that allowance ought to have been made for a greater quantity of stone fence built on the premises, and for rails brought thereon from other premises or procured by the defendant W. G. D. according to the evidence before the Master. 4th. For that the defendant W. G. D. is charged by the report with Interest on the annual balances of the monies received, or which are charged to him for what he might have received for the said rents, when in fact such rents have not been annually received, and if so calculated, compound interest will in effect be charged against him, when at the same time no interest whatever is allowed on the debt or demands due on the said bonds and mortgages after the 11th. day of March, 1803, and also for that no interest is allowed on the sums credited to the said W. G. D. for the additional building, and the stone wall, and other fences, and improvements made or caused to be made by him on the premises. J. R. Sol. These objections were turned into exceptions, and overruled, November term, 1822. NUMBER 30. IN the case prepared for the Court of Errors in the cause of Lynch v. Stoughton, a calculation was made, showing that upon the prin ciple of giving credit for the interest of payments, (instead of deducting them from the interest due, from the principal if greater than the inte rest,) a debt may be paid in 21 years by paying interest only without paying a cent of principal. |