Rutland weekly herald. [volume] (Rutland, Vt.) 1859-1877, 1868-10-01

Compound interest for any length Of
time is easily computed by the aid Of log
arithms, and its singular power of accu-
mutation in long periods is illustrated in
the above table. At six per cent interest,
annually compounded, the fund doubles
in | i years and 327 days, or estimating
thirty days as month, according to the
common method Of computing interest in
II years, 10 months, and - days The
entire accumulation of this fund for the
| first forty-six years of the term of sixty
exceeds the accumulation of the last ten
years of the same term only by the sum
of S2205 and the accumulation rises so
that in the fftieth year its yedrly interest
crceeds, and at the end of sixty years is
nearly ttcicc, and at the end Of seventy
years is more than Mree times, the amount
of the original principal In Days Math-
ematics fTrigonometry and Logarithms,
p. a. it is stated that one cent improved
and accumulated at compound interest at
six per cent yearly for five hundred years
will amount to $44,913,000,000, forty
four billions and nine hundred and sew
enty-three millions of dollars,-a sum
about eighteen times as large as our pres
ent national debt! This power of inter-
est, compounded or becoming payable an
nually or at shorter intervals, is signif-
cant in its bearings on the policy of defer
ring the payment of public debts to long
periods or of funding them in long loans,
the inevitable effect of which is to make
necessary the payment of larger sum
for interest than for principal, in the pro-
cess of distinguishing the debt
The primary object of this bequest was,
according to its terms, the endowment
and support of u GraHn,ur School in the
vicinity of his residence in Wcsthaven
Shakespeare in King Henry VI, Part 2,
Act 4, Scene - makes Jack Cade address
his prisoner, Lord Say, in these words =
Thou hast most traitorous corrupted
THE youth Of this realm in erecting
''yru0iHpir sth0ol and whereas, before,
"our fotfathers had no other books but
the score nd the tally, thou hast caused
printing to be used and, contrary to the
king, his crown and dignity, thou hast
"bullt 4 paper mill. II will be proved to
: tiny face tina; thou hast men about thee
that usually talk ot a noun and verb,
land such ubomi cable words as no Chris
titan ear can endure to herr To this
gravo charge, Lord Say says in reply =
"# ignorance Is the curse o. God, kuowl-
edge the wing wherewith We fly to
heaven Webster, in his Dictionary,
defines u grammar schOoi to be "a school
I'm which the learned languages are
'taughi BY learned languages We usual
"ly ,nean the Latin and Creek, but others
may he included" In England, the dis
| nnct object ot "A grammar school was in
struction III Greek and Latin, especially
III Latin; but in New England the term
has usually been applied to institutions
intermediate between II primary school
and College or University, and the New
England grammar schools have, with a
few exceptions, been Latin and English
schools united. In this sense, the term
IgfMma0' srbooi was unquestionahly used
By Doctor Smith in his VIII and his be-
quest for the establishment and support
of such an institution or school of learn
ins in the town of his residence was
generous contribution for the increase OF
the means and benefits Of education, as
we'll as enduring and honorable memorial
of his pnblic spirit LEX.
4 4 Match FOR HIM.-The st. Adams