Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1877-12-22

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thsr e2rx1ax~. a. <rS~AA- w~rs ase a.
A2r Per a.y. shaes. s1s~w1nx ta4ss< kszr
arrl ~"~king days - Tia yea. veald as
thEe< h9Birra Ss1lsrs D~r AAnzn Sc
each, chile tAe pse<31ets u the mine
sesr s,-.aiily Pilcd up 10 the gOvernmess
depo-ilorsos-
But while the colopists were quietly
and efficiently fulsliing their mission,
little bill Of . dollar vas presented 1t
Madrid, and - there were no monies not
otherwise appropriated" at the command
Of the Treasury, the officials gave bond
for the same, bearing interest At 9 per
cent. per annum, pay able when the gold
above specified should be disposed of.
The Government finally fixed upon the
year 1879 Us good time to sell, rightly
conjecturing that by the characterization
of silver and the prospective enormous
requirements of the United States for
gold to effect their exchanges, the de-
mand would be unprecedented and the
price high. by calculation they found
that the fifty miners had each day deliv.
cred one hundred dollars worth Of metal
which, estimating three hundred work.
ing days to each year, would be thirty
thousand dollars per annum, resulting
for the three hundred and eighty seven
years in the magnificent accumulation Of
I'll, 100000. "But your excellency for
gets, said Don Penseroso to the Treasurer
General, shat there is u lien on the fund
of one dollar, the interest being added
at the end of each year ut six per cent"
The magni6cos laughed heartily at the
suggestion aud jokiugly asked the Grand
Scribe to inform them chat 10, if the
paltry sum was not too Insignificant to fig
ure on) what that little matter would
amount to. But they were much sur
prised and annoyed when that function.
ary, after careful calculation, reported
that the claim of this bondholder on
Tue government WOulu III l0St auuOuut "
the incomprehensible sum Of %, 240,-
O0O, 900 (six thousand, two hundred and
forty millions Of dollars) The council
at first accused the sedate functionary of
joking, but his solemn aud respectable
visage precluded that theory. Then
suspicion Of insanity took possession Of
the official mind, but cyphering con-
firmed the statement.
"Carramba!" growled the President,
"that one dollar has earned 1S7, 468 times
more than those fifty workingmen-or
rather those hundred workingmen, for it
has taken one outside man oil the time
to support the one in the mine. Or, in
other words, it would require IS, TAG, $3.50
men at 81 per day each, from the date Of
the bond, to pay principal and accrued
interest at 8 per cent. on 81 for 1897
years."
The old philologists teach that usury
means something that bites" 1t is q
constructor that crushes and then swal-
flows.-N. Y. Mercantile Journal.