Publisher's Synopsis
Excerpt from No Interest for Money, Except to the Government; Then Not to Exceed 3 Per Cent: Uncle Sam, Banker; The Wealth of the Country, Including Soil, Minerals and the Productions, the Capital Stock
As compound interest will swallow up God's universe - more than we can comprehend let us come down to human capacity. The thirteen original Colonies contained acres of land. Suppose England had sold it to the pilgrims in 1620 at one cent per acre on long time, at 6 per cent compound. To-day (258 years) it would amount to The assessed value of real estate in the United States was in 1870; in connection with all other property, about thirty billions. The pilgrims would have paid, or owed, England more than the assessed value of the United States in 1870. One hundred thousand dollars put out at 10 per cent compound, will amount to in ninety-eight years. B. R. Sherman, Auditor of State, informed me last November that the total assessed value of Iowa. For 1877 was $404, 670, 044, which 18 less by $1, 233, 729, 956 than the interest on $100, 000 for ninety eight years, as above computed. The accumulation of interest has enabled the Rothschilds to purchase Empires. It is said the income of the Vanderbilt estate is The labor of men at $250 per annum will be required to pay this income this does not include their living, for males must be fed while their surplus earnings go to their own ers. Good Lord, deliver us! About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
