Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1911-11-21
INTEREST ON A PENNY.
Compounded, In Time IL Would Make
Tremendous Fortune.


Wagner and Sufan, the German
statisticians. estimated in the year
1891 the population Of the world at
,480, 900, 900 persons More than one
half of this estimated number was
based upon the results Of actual cen
suses, and the remainder was care
fully estimated. We shall probably
not be far away from the truth II we
say that there are now lin A. D. 191D
1900, ,O00,0 900 persons on earth.
II in Ammo Domini l a man had
then desired to be hailed in a later
century as universal benefactor Of the
world, he could have achieved his
desire by then investing the equiva-
lent Of the modern American cent at
percentum compound interest per
annum, the interest to accumulate
year by year for the benefit Of future
generations
At the end Of the first century OF
investment-namely, In A. d. 100
the original cent would have grown
to $1.S1. At the end Of 1910 years
after Ammo Domini namely, at the
end Of the year 1910 Qast year)-the
original cent would have grown to the
stupendous value Of 1926, ,180, ,000,-
900, 900, 900, 900, 000, 00, 900. 900, 900, 900
-s29,61S followed by thirty-four 0's
This accumulation resulting in A.
D. 1910 from the original investment
,, of / cent in Ammo Domini 1 is so
vast that no brain can realize what
is the meaning of the enormous guam
tity Of dollars just stated. We are
wholly unable to realize the stupen-
dous growth of this original cent un-
less we press into our service various
aids to imaginative conception.
Imagine the earth transformed into
huge fiat slab one mile thick, float
ing in space Let every man, woman
and child now living in the world
approximately 1,s00,000,000 persons
continuously discharge quick
firing gun loaded with American gold
eagles in place Of bullets for l,OOO
years. Each gun fires into space
l,UUU BUlu cd6lCS pei
drop over the edges Of the earth.
The result is that at the end Of
1000 years of continuous discharge
OF gold eagles from 1,800,000,000 Of
ck-firing guns at the rate OF 1000
| gold eagles per minute from each
gun, only an infinitesimal fraction OF
the money would be thus gotten rid
of. The amount to be thus drawn
upon being the $29,618 followed by
thirty-four 0's, this amount being the
accumulated result Of cent invested
In Ammo Domini at percentum
compound interest until the end Of the
year 1910.
All this firing away Of gold eagles
would have to continue for more than
81 300, 000, 900, 900, 900 years, In place
Of merely 1000 years, In order to ex-
haust the money accumulated In A.
d. 1910.
This incredible result is no freak Of
fancy, but a solid fact.
Let us make q solid road Of gold,
he writes, from the earth to the sun,
road which may certainly claim TO
be the most costly piece of engineer
ing ever designed The dimensions OF
this road Of solid gold are 92,500,0 900
miles long, more than S,500,000 miles
wide, and more than S,500,OOO or
miles thick. An express train tray-
cling along this road at the rate OF
sixty miles per hour would not reach
the sun until nearly 176 years after
the date of departure from earth.
This train would be travelling contin-
uously for all these years upon It's
road Of solid gold. Some idea or the
width and of the thickness OF the
golden road may be gathered from
the statement that 1t would be more
than 1000 times as wide and as thick
as the diameter Of the earth, and Dy
noting that the railway train Is no
ordinary train, but that II Is approx
imateIy 900, 900 miles long from the
front of the locomotive to the back of
the rear observation car. The dis
tance between the two rails on which
the wheels of this train revolve Is
is about 140, 900 miles, which Is there
fore the approximate distance be-
tween the two buffers on the front OF
the locomotive.
BY making such a golden road as
this, and Of the dimension stated, we
could exhaust the accumulation OF
gold resulting In A. D. 1910 from the
investment Of cent in Ammo Dominl ].
In 1882 a project was suggested to
tap the force of falling water through
out the United States. The water
power of Niagara was then estimated
at 100000 cubic feet per second,
and the value of this utilized force
was estimated at $1,500,000 per day.
In 1899 the city Of Buffalo contract
ed with the Niagara Power company
for 10000 horse power at $15O,O0O
per annum, to light the city and TO
drive factories by cable twenty miles
in length from Niagara Falls to Buff
falo city. We will make golden
,,,tll
by get rid of the stupendous wealth
created by the investment OF l cent
in Ammo Domini l at per centum
compound interest.
Imagine a great mountain as large
as the whole earth, with Niagara OF
molten metal rushing over the preci-
pice into space for 1000, 100000 years
continuously. During every second OF
this inconceivably long period as
many cubic feet Of molten gold fall
over the precipice as there are cubic
feet Of water estimated to be falling
over the real Niagara. That Is to
say, molten gold to the value OF nearly
2,700 times the amount of the nation
al debt of the United States rushes
over this Niagara every second OF
time. At the end Of the 1000, 100000
years rushing of this golden Niagara
only a small fraction Of the money
would have been got rid Of. There
would remain untouched nearly the
whole amount of s2sa,180. .o00, ,ooo;-
600, 900, 900, 100, 100, 90, 900. 900, 900, this
being the accumulated value in the
year 1910 or ! cent invested In Ammo
Domini l at per centum compound
interest. go
In order to exhaust all this wealth
It would be necessary to set to work
100, 100000 Of golden Niagaras In
place of one Niagara, to let all these
Niagaras flow for more than $1,000
600 years Of continuously running tor
rantn Of rnnltan pnld THE Strand.