The morning star and Catholic messenger. [volume] (New Orleans [La.]) 1868-1881, 1872-08-25


Long ago we determined that it shoul,
not be our fault if our readers did no
soon better appreciate the accumulation
of interest, and how. impossible it is fo
any business to long pay current higl
rates. Possibly some have almost tireC
seeing our oft-repeated table about The
.accumulations of one dollar at different
rates for hundred years But, tired OF
not, it is a healthful sight; and every bust
ness man especially ought to have thai
table where it will meet his eye at least
once a week; and then it is probable. he
will allow many dollars unnecessarily tc
accumulate their interest against him
This may be in dead stock, in Unnecessary
fixtures, OF in. various expenses easily
dispensed with. If he would be successful
he should count the interest he might re-
c'iue as well as that he has to pay.
q Especially in making permanent invest
ments let no one forget the interest ac-
count. However familiar with TINS subject,
there are probably few who would not be
the outfit of Christopher Columbus in his
first voyage of discovery, put at interest
q. 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 it. II any
doubt this, let them reckon the amount,
estimating the entire outfit to have cost
only the small sum Of five thousand dol
lars, and remembering that money
doubles, at six per cent, ina. little less
thaa twelve years-er accurately, in
eleven years, ten months, and twenty
one days. Allowing it to double every
twelve years, this five thousand dollars at |
interest at six per cent since 1892. it will |
be found, would have amounted, to |
$17.S95, 200 100000, which, estimating
the population Of the entire continent Of |
America to be eighty-fve millions, or
seventeen million families (averaging five
members each) would give more than
million dollars as the possession Of every
one of these. The interest upon q mil
lion dollars at six per cent is sixty thor,s-
and dollars, which would be the princely |
annual income of each of these seventeen
million families from the aecsimulations
upon 30 small o sum as that named for |
the outfit of the discoyerer. -
We are glad to see the following COM
putation going the round Of the press
Gone thousand dollars loaned at 6 per
cent, IN IL years win accumulate to So. 600:
in n years TO- "a, O00; In 80. years to
5000; in 48 years to SIG, 900; in 20 wears
to $82, 600; In n years to $64, 600; IN 81
years to $128 900; in Sc years to $3.50, 600;
in los years to $512, 900; in 100 years to
u .024 900. Multiply this SUM by ], 024
and it will give the accumulation for 1901 ]
wears more or 1,04S, 576,0O0 Multiply
this product by ;024 and we shah have
the accumulation during the next 100 /
years, or q total period Of $50 years. i
81, 073s "a, 824, 000-oue trilion, seventy In
three billions, seven hundred and forty q
ono millions eight hundred and twenty I,
four thousand dollars b.. +,
a This is rather an ineomprehensible I,
amount for even a nation TO manage, but t,
put perhaps we can make use Of one a,
years interest on the sum, which amounts ir
20 $6A42A, sos, 40; or. over $40 q minute h
or every minute in the age Of the world, 10
allowing 1t to be 5000 years old. Or if
ms calculation Is too complicated to be I'm
'eadtly epprehended, we can take the IN | 81
crest of it for four months and nav off q,
,ilr whole national debt" ~
Gun, table Of the accumulation OF ono n
lollar. alluded to above, we again s,,b;o;n =,
or the benefit of any who may perchSIice h.
lever have seen it, as we'll as those who ia
ave not ss yet fully considered the i'm al
lortart lesson it teaches - 800 .Iht
# one dollar be invested, and the in hi
crest added to the principal annually. at ~
he rates named, We Shall have the folIow-tS Nv
lg result as the accumulation of one }ov'
nndFed years: sr
No doliar, 100 years, Ot cent, sg M
dc dc S % -. a do do -: 80 .,,, isl s. s.
DO 10 -. 8 do .. aSS hi
Ss DO u 90 49,. q. s55as I'd