Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1886-07-29
HOW MONEY GROWS.
What May Be Done with a Small Sum
when safely Invested.


Among a lot Of old rubbish has been
found a warrant or order upon the
United States treasury for the pay
ment to John Yesterday of 81, l,745. 90,
dated February IA, 1898, with interest
at six per cent There is no doubt
about its gcnuiness, and none Of the
authority OF the drawer, who was at
that time Register. The Government
acknowledges the obligation. Dhe
only question is as to the parties en-
titled TO the payment The small
amount of the warrant is increased by
more than nincty-three years interest,
and is thereby swelled to the hand
some sum Of Sll.4SS0 02. IL this inter-
est were compounded It would reach
nearly one million. Every ten years
at that rate the principal would have
doubled, 80 that the comparatively in
significant sum of sl.745.90 would
have been in February IA. 1883, the
magnificent fortune OF Ss93, 900. 80.
This exhibits what may be done with a
small sum in ninety years Of invest
mcnt and reinyestment at the legal
rate of interest. In another ninety
years Of compromising the $l,745.9O
would be nearly Si5S, 100000. Tho
house Of William Penn that stands in
the Park was built longer ago than
twice ninety years, and the money
that it cost TO build in 1854. If so
treated. would now be a thousand mill.
ions Of dollars.
These facts. brought home to us by
the neglect of Yesterday in not draw
ing his warrant on the morrow, teach
the moral OF small savings and careful
investment. Commencing early in life,
putting away something every year,
and investing and rcinvesting the in
come, will make almost any man
rich who lives the ordinary span
of existence. Five hundred dollars in
seventy years will compound into S6i,
900. This Is the secret Of large fort
unes left by humble men 20 the sur
prise Of their friends and relations.
Careful investments at ordinary rates
Of interest roll up, at first slowly,
but In later years in immense proper
tions. The desire 10 grow rich fast
leads men to despise the safer methods,
and disaster sweeps away on the in
slant accumulations that the slower
but surcr rules Of arithmetical pro-
grcssiOn would have made fortunes.
There never was time when eau
tion was more important than ths
present In such matters. Money is 81
abundant, aud the rates OF interest
consequently so low upon securities
beyond question that the temptation Ia
embark in perilous enterprises Is very
great. There is now rage for new
corporations, and several are starting
every day. The Legislature has pro
yidcd easy facilities for such undertak.
ings. and the public have developed 50
much fOndness for these investments
| that the supply hardly keeps up with
( the demand. These corporate bodic,
4. are being formed TO do every thing un'
4 der the sun, and their stock Is eagerly
| sought after on the belief that the diyi
idends will give a handsome return.
I We have had all sorts of financial
| crazes. and desire to utter a word o
warning about the corporation crnz'
which now prevails. Go slow Is odl
advice, scrutinize carefully and inves
surely. The way TO get rich is TO be
prudent and saving. All other way
are full OF pitfalls. Those who come
out in safety are the exceptions whi
hut prove the rule. There Is no roya
road 70 riches any more than 10 learn
ing. YerbHm sap. Philadelphia Call
In the midst Of his infirmIties, dur
Ia which he haa sometimes for day
together been unable 10 hold pen Mr.
| HpurVcoG has ifsucd his nlnclr <n-hun