Friday, April 4, 2008

One Cent

1920

An ingenious professor of mathematics, according to the Omaha News, has figured out that 1 cent, invested at the beginning of the Christian era (1,919 years ago) at a rate of interest equal to the Government Liberty bonds, that is, 4¼ per cent, with interest compounded to date, would make 100,000 globes of solid gold, each the weight of the earth.

The earth weighs six and twenty-one ciphers tons. But the 1 cent with its accumulations, reduced to a minimum weight in gold at the rate of $20 in the ounce, would, he says, make 100,000 planets of the earth's weight!

The moral is: Save the pennies!

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