.Page of "The. Capita! Journ
MONDAY KVKMXC.
April ID, IS) 1(1.
ona;
CHAELE3 H. FI3HBB,
Editor and Manager.
al
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INTEREST AND THE NIMBLE DOLLAR
There is a saying that ' figures will not lie. This of
course does not apply to female figures or any other if
they are padded; but just to plain, unadorned figures.
They are generally considered "dry" reading, yet they
are at times deeply interesting and sometimes astounding
in the revelations they make;
Just now there is considerable agitation over "rural
credits" and a low interest rate for the farmer. In this
connection a few figures as to interest may not prove
uninteresting.
A person reaching the age of 80 years has lived 29,200
days. If he has labored at days work he" has, if working
steadily and not losing any time from sickness or other
causes, put in, say sixty years of that time at the rate of
310 days a year, or 18,600 days. If he has saved every day
one dollar from his wages, he will have when he is 80
years old that number dollars, 18,600. This estimate
allows him to begin earning and saving his one dollar a
day when he is 18 years old and quitting when he is 78.
That is what days wages would bring a hard working
and saving laborer at the end of a long and industrious
life. Now let us seewhat a dollar put at interest will do
and what a man runs up against in the battle with interest.
One dollar placed at interest at 7 per cent will, if com
pounded, double itself every ten years. In 80 years this
one dollar working steadily just as the working man we
have mentioned has done, would amount to $256. It fol
lows then that $100 placed at interest at the same time
and at the same rate would amount to $25,600 in 80 years,
or $7,000 more than the person would have earned in the
same time.
In 100 years the single dollar placed at interest would
have increased to $1021. If allowed to remain at interest
at the same rate for another 100 years it would increase
1024 times and would make the snug sum of $1,018,576.
Allowed to run another 100 years it would at the end of
I'.OO years amount to $1,07:5,061,821. At the end of :'.50
years one dollar placed at interest at 7 'per cent would
have earned $:U,157,108,:,08, enough to pay the entire ex
penses of the European war to date.
Estimates place the total supply of gold in the world
at from$l:'.,000,000,000 to $16,000,000,000. Taking the
larger amount and it will be seen that one dollar placed
at interest at 7 per cent for :'.50 years would absorb all the
gold in the world and with it all the silver and then some.
The total crops of the United States are estimated at
$10,000,000,000, so it would take the entire crops of, the
country for three years and a half to 'pay interest on one
dollar for :!50 years. If this nimble dollar was allowed
to work 20 years longer, a total of :!70 years it would
amount to $156,628,172. After it reached this amount it
would require every year the entire crop of the United
States to meet the interest on it yearly and keep it from
growing. That is what interest can do. Can you beat it.
When it comes to technicalities the American juror is
no slouch. In the trial of (ieorge Schultz for selling
liquor in violation of law in Portland,, the jury Saturday
found a verdict of not guilty because the complaint did
not specify that these liquors were sold at 20: ?. Washing
ton street, but instead said they were soM "in the Per
kins hotel at the corner of Washington and Fifth streets."
It seems the bar run by Schultz for theh sale of temper
ance drinks and where it is alleged the liquors were sold
was in the Perkins hotel building but "was not a part of
the Perkins hotel." There is nothing more ridiculous
than law as it is interpreted, except the lawyers who
tangle it and the jurymen who bungle its enforcement.
The most suggestive fact of recent political moves is
the selection Saturday of a chairman of the New York
republican central committee who is opposed to Roosevelt.
The chairman, selected was Frederick C. Tanner who was
re-elected to the position. After his election he refused
to state his preference as between Hughes and Root, but
expressed opposition to Roosevelt. He said: "Whoever
is nominated must be a real republican, one who has been
enrolled as such for a number of years.'' He added: "I
hope that only a republican will be nominated." Evident
ly he, as many other republicans does not recognize Teddy
as a republican, but rather as an insurgent who gave the
party an everlasting licking by bolting its nominee for
president.
We point to the Mexican as brutal in his nature because
he delights in bull fights and cock fighting, and the shed
ding of blood generally. Yet are we any better in this
respect. Only two days ago 80,000 Americans assembled
at the race track at Corona to see a dozen men risk their
lives in a speed contest far more dangerous than the
Mexican bull fight, and still more thrilling because in the
latter it was after all but an animal that was killed while
in the auto races it was the human being that faced death
and in this instance died. Are we growing calloused and
so toughened that we require as did the old Romans, that
some one be butchered to make a successful holiday?
To the storm blown and snow covered East wye can sug
gest at this time that Horace Greely's advice to "go west
young man and grow up with the country" is still good.
Saturday a storm swept over the Atlantic coast dropping
six inches of snow over a wide section and the mercury
below the freezing point in the same areas. Frosts were
reported in Louisiana and Texas and in some places in
Florida. Not only were the early crops damaged but the
baseball games had to be called off at points as far south
as Memphis. New crops can be planted but the ball games
are a total loss.
C. B. Moores, of Portland, Be
ing Groomed for State
Secretaryship
Unless there is a big spurt and a steady one for the
next eight days at the registration offices there will be a
decided shortage of voters at the primaries. Registration
ends one week from Tuesday night, or April 18, and the
primaries are held May 19. If you intend voting you had
better get busy, and not wait until election day to become
a nuisance to six of your friends by making them go to
the trouble to accompany you to the polls in order to save
yourself the trouble of going to the court house and regis
tering, as you should.
That verdict in the Schultz trial at Portland Saturday
recalls an old verse describing a dispute over Handel and
Bonincini:
"Some say their signor Bonincini
Compared to Handel's a mere ninny,
While others say that too him, Handle
Is scarcely fit to hold a candle.
But what's the difference I can't see '.
Twixt tweedle-dum and tweedle-dee."
Some Portland highwaymen believe in keeping their
word. Some six days ago a couple of them held up Albert
Cautier and relieved him of $21. At the time they told
him: "We'll be back when you have more money." True
to promise, supposedly the same parties, while Gautier
was away from home, backed a wagon up to his door and
stole most of his furniture and personal effects. Their
calling is not commendable but their regard for their
word, surely is.
Eastern republican leaders, like Roosevelt and Root,
say that "preparedness" and "foreign policy" will be the
leading party issues and that the tariff will be discussed
only as a minor matter. These Oregon newspapers,
edited by the republican press bureau, which have been
harping steadily on the tariff question must have been
given a bum steer. They will have to get their ready
made editorials from a different boiler plate factory.
The lon looked for and much sought
fur opponent. of Hen V. Oleott. for the
job as secretary ot this state, has at
last been "discovered" according to a
rumor which floated up from Portland
today when it was announced that ". F
.Moores. chairman of the republican cen
tral committee, would oppose Oleott foi
the republican nomination. Petitions
are being circulated in Portland today
urgiiig .Moores to become a candidate
for t lie republican nomination ahou'
Mr. Moores has not yet filed his dec'
ration of candidacy or even announced
his intention to be a candidate.
The stand pat repur,'ii-ans have beei
cruising their secretarial timber for
ernl months with but little success as
most of the candidates feared that Ol
eott would be re-elected and there is li
tie fun in being a candidate unless you
are elected.
Numerous possibilities were flushc.
but each looked over the ground and
then declined the honor with thanks.
Oleott lookeil too strong among the pro
gressive republicans, the democrats, and
the rank and file generally o'f the voters
of the state. Moores is well known as a
stand pat, dyed in the wool republican,
and one of this type was counted by the
republicans as likely to put up the best
race against Oleott.
The main ob.jectio.i ro Oleott by the
Old Guard is that he was appointed hy
West to the secretin nfp and then he
stood by West's policies and he was
even accused of being n democrat. Since
his election to the office he has heaved
a monkey wrench into the machine a
few times ami has gained the reputa
tion of being a sort of n free lance ami
refusing to be bound to the chariot
wheel of the old party, all of which has
tended to arouse the animosity of a few
who wish to see every vote unanimous
and in their favor.
ing
Considering what interest will do in the way of build
nn ;? fortune, isn't; it, n nitv Methuselah was not onto
the combination. He had a chance to break the world. A
dollar placed at interest for him when he was born, at 7
per cent would have doubled 97 times before he was
gathered to his fathers. However it is probable the old
gentleman did not have a dollar when he was born, and
besides had no place to lend it. At that time so far as is
known the Jews had not invented interest, for they are
credited with the system.
The German-American diplomatic crisis is not so acute
today. We are not going to war with Germany, or any
other countrv.
RippHnSRhijmGS
1
A Walt Mctfon
mi
SOME PREPAREDNESS
(Oregon City Enterprise.')
The Salem Capital Journal, which is
given to the promotion of worthy causes
most of the time, observes that "while
those blue print wnriors are drawing
plans showing how any old nation can
land a half million or more troops on
our shores in a couple of weeks, they
entirely ignore the 'fact that we have a
navy about efpial to any except Eng
land's. They assume mat tye would be
doing nothing all the, time and just
wailing for the foreigners who ever
they were to get through. These same
fellows were nearly scared into n duck
fit when the'old Oregon made the trip
around the Horn, lest some Spanish
fishing smack should run across her nnd
send her to the bottom. Vet when the
lest came, the good old ship showed she
was able to have whipped the whole
Spanish navy as a breakfast job. Pre
paredness is all right and perfectly
proper, but the methods the big army
and. bigger navy advocates are using to
scare the public, into taking their ad
vice is too much like a quack doctor
who frightens folks into taking his nos
trums by pieturing ull kinds of suffer
ing and death from a stubbed toe or an
ingrowing nail."
It is a pleasing change from the ordi
nary editorial preparedness talk to read
a paragraph, such us this one taken
front the Salem Journal. A few of tile
people of the country now are yelling
at the top of their voices for the big
gest army, the biggest navy and the
greatest military program on the
face of the earlh. Some of the voices
are inspired, probably, by munition
milkers, while other may be yelling
just because of the hysteria.
Many of the great dailies and scores
of magazines have taken up the cry,
along with certain member; of congress
anil manufacturers of shells and war
supplies, are now firm advocates of
military plans that would equal Ger
many, The masses of the people, however, do
not want to see this country get in the
group of war-mad nations. They are not
opposed to preparedness, rational pre
paredness, which, in fact, is only effici
ency applied to present army and navy
appropriations, mind you. but they do
not want conscription, an army of three
million men. the biggest-navy on ea'dh
or any other of the features of the ad
vanced military plans which have been
urged by professional war men.
LADD & BUSH, Bankers
Established 1SGS
CAPITAL
$300,000.00
Transact a General Banking Business
Safety Dcpesit Boxes v
SAVINGS DEPARTMENT
THE POOR LISTENER
I sit in the grocery store, discoursing of current
events, each eve, when my labors are o'er, with other in-j
dustrious gents. We talk of the scrapping in France, dis
cuss the high prices of hay, and each gives the others aj
chance to say what they suffer to say. When i
Johnson unhmbers his jaws, we listen
politely to him; when Jimpson stands up fon
his cause, we cheer his remarks with a vim. I
There's peace in that grocery store, each I
orator feels at his best, till Kickshaw, the!
champion bore, comes in to take part in the I
fest. This man, with his head full of i
wheels, too oft in our presence has sinned:
fi ' J he wants to make all of the spiels to furnish ;
UQkj the bulk of the wind. That's why we oldj
leuows arose, last nignt, at tue grocery
store, and lifted that chump with our toes, and hoisted
him clear through the door. Free speech is a blessing to
men, without it no race can advance: but talkers should
pause now and then, and give other fellows a chance.
COMPANY MUST PAY
- V '-v- V',
f
PRESIDENT HAS A COLD
9
2H
Three Things
to Ask About
Your Bank:
Is it a safe, conservatively man
aged institution?
Will it take an interest in me, as
a depositor?
Will it give me financial support
when I need it, and when I have
proved myself worthy of it?
This Bank owes its success largely to
the way it has met these requirements.
Its officers will be glad to meet in
person any who desire to know to what
extent it can assist them in their finan
cial development.
UNITED STATES NATIONAL BANK
Member Federal Reserve Banks,
, Salem, Oregon
1 .wmti
Roosevelt wants the nation to do something heroic and
the people may be in that frame of mind, but to ask them
to elect the.colonel president would exhibit more a spirit
of dare-'devilshness than heroism.
Washington, April 10. For
lack of jurisdiction lite l'nite.1
States supreme court today dis
missed the ease in which it was
asked to decide whether the
city of St. Louis had a ri;;ht to
tax each cash fare paid street
nilwnys. The city Wiyi in a
lower court and the railways
were ordered to pay t-.oOOjOOO
back taxes.
Washinuton. April 10 President Wil
son, suffering from H troublesome cold,
cancelled his em:.i;emoiits for today
and remni'ied secluded in the White
House. Tie cold was contracted Fri
day. T.ad weather forced him quick-f
ij to return trom a cruise on the Po
tomac in his yacht, the Mavt'lower. by
which he hoped to throw off the slight
illness. Me is reported improving.
Try Capital Journal Want Ads.
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