The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1872-12-20

lnter0St.
Long ago we determined that ii should
not be our fault if our readers did not
soon better appreciate the accumnlations
Of interest, and how impossible it is for
any business to long pay current high
rates. Possibly some have almost tired
seeing our oft repeated table about the ac-
formulation OF one dollar at different rates
for hundred years. - But. tired or not,
| il is healthful sight and every busi-
ness man especially ought to have that
table where it will meet his eye at least
once week and even then it is prOba-
BILE he will allow many dollars unneces-
sarily to accumulate their interest against
him. This may be in stock, in unneces-
sary fixtures, or in various expenses
easily dispensed with. Ii he would be
successful, lie should count the interest
he might receive as well. as hat he has
10 pay.
Especially in making permanent in
vcstments let no one forget the interest
account. However familiar with this
subject, there are probably few who
would not be startled at the statement
that the cost of the outfit of Christopher
Columbus in his first voyage of discOv-
cry. put at interest at six per cent, would
by this time have amounted to.more than
the entire money value OF this continent
together with the accumulatiOns from
the industry Of all who have lived upon
| il. Ii any doubt this, let them reckon
the amount, estimating the entire outfit
to have cost only the small sum Of five
thousand dollars, and remembering that
money doubles, at six per cent. in 4 little
! less than twelve wears = or accurately, in
eleven years, ten months, and twenty
one days. Allowin. it 10 double ever.
twelve years, this five thousands sdolar'
ut interest at six per cent. since 1882, il
will be found. would have amounted tt
ST., 1896, 10000. which. estimating tn
population OF the entire continent OF
America TO be eighty-tive millions, OF
seventeen million families ,averagins
five members eachl would give mor'
than 4 million dollars as the possession
tof ever; one OF these. The intcrcs
upon million dollars at six per cent. i
sixty thousand dollars. winch would b.
the princely annual income of each G
these seventeen million families from
the accumulaiions upon SO small sun
as that named for the outfit of the dis
coverer.
We are glad 10 see the following com
|putation gong the rounds of The press
..Onc thousand dollars loaned at ST,
Per cent, in II years will accumulate I,
5000; in "a years 10 $4,000: in 30 year
10 5000: IN As years TO $500: in 6,
ears to $32.0LU: in az years TO $4,000
in "a years 10 Sl2c.CUO; in 81 Years {,
S256,, 20; in los years 10 $5l2UOO; il
l2O years TO Sl.U2i.UUO. Multiply thi
sum by 1.O24 and il will give the accli
mutation Tor l2O years more. or el.oiS,
576.OOU. Multiply this product by l,O2
land we shall have the accumulation din
ring the next laU years. or "A total pcrio
of $50 years $l,O73,741.s24O0o on
ltrillion. seventy.three billions, scve
hundred and fo,ty-one millions. eiga
hundred and twenty-four thousand dol
! lars.
This is rather an incomprchensibl
lamOunt for even nation TO manage
hut perhaps we can make use of on
wears interest OH the sum. whic
: amounts to s64, ,424. .599, ,44O, or over So
a minute in the age OF the world. allow
ing it to be 5000 years old. Or il thi
calculation is too complicated to B
readily apprehended, We can take til
Interest of it for four months and pa
, off our whole national debt
Our table of the accumulatiOns of on
dollar, alluded to above. we again sui
Join for the benefit of any who may pei
chance never have seen it, rs well q
those who have moi as yet fully consid
cred the important lesson it teaches.
If one dollar be invested, and the IL
terest added to the principal annually {
. the rates named, we shall have the 10
lowing result as the accumulation {
one hundred years:
One Dollar, 100 years. att y cent. e