by Joseph Triemens
Available in 158 free installments
Owner:
| Daily Savings. | Result. |
| One cent | $ 950 |
| Ten cents | 9,504 |
| Twenty cents | 19,006 |
| Thirty cents | 28,512 |
| Forty cents | 38,015 |
| Fifty cents | 47,520 |
| Sixty cents | 57,024 |
| Seventy cents | 66,528 |
| Eighty cents | 76,032 |
| Ninety cents | 85,537 |
| One dollar | 475,208 |
[Transcriber's note: The figures from 1 to 90 cents assume about 5.5%
interest. The one dollar amount ($475,208) assumes about 10% interest.]
SHORT INTEREST RULES.
To find the interest on a given sum for any number of days, at any rate
of interest, multiply the principal by the number of days and divide as
follows:
| At 3 per cent | by 120 |
| At 4 per cent | by 90 |
| At 5 per cent | by 72 |
| At 6 per cent | by 60 |
| At 7 per cent | by 52 |
| At 8 per cent | by 45 |
| At 9 per cent | by 40 |
| At 10 per cent | by 36 |
| At 12 per cent | by 30 |
| At 15 per cent | by 24 |
| At 20 per cent | by 18 |
TRADE DISCOUNTS.
Wholesale houses usually invoice their goods to retailers at "list"
prices. List prices were once upon a time supposed to be retail prices,
but of late a system of "long" list prices has come into vogue in many
lines of trade--that is, the list price is made exorbitantly high, so
that wholesalers can give enormous discounts. These discounts, whether
large or small, are called trade discounts, and are usually deducted at
a certain rate per cent from the face of invoice.
The amount of discount generally depends upon size of bill or terms of
settlement, or both. Sometimes two or more discounts are allowed. Thus
30% and 5% is expressed 30 and 5 meaning first a discount of 30% and
then 5% from the remainder.
30 and 5 is not 35% but 33-1/3%. 10, 5 and 3 off means three successive
discounts.
A wholesale house allowing 10, 5 and 3 off gets more for its goods than
it would at 18 off.
HOW TO DETECT COUNTERFEIT MONEY.
In the space at disposal here, it is impossible of course to give a
complete illustrated counterfeit detector, but the following simple
rules, laid down by Bank Note Examiner Geo. R. Baker, will be found
extremely valuable:
Examine the form and features of all human figures: if graceful, and
features distinct, examine the drapery. Notice whether the folds lie
naturally, and observe whether the fine strands of the hair are plain
and distinct.
Examine the lettering. In a genuine bill is absolutely perfect. There
has never been a counterfeit put out but was more or less defective in
the lettering.
Counterfeiters rarely, if ever, get the imprint or engraver's name
perfect. The shading in the background of the vignette and over and
around the letters forming the name of the bank, on a good bill, is even
and perfect; on a counterfeit, it is uneven and imperfect.
The die work around the figures of the denomination should be of the
same character as the ornamental work surrounding it.
Never take a bill deficient in any of these points.
Big Trees.--Of ninety-two redwood trees in Calaveras Grove, Cal., ten
are over thirty feet in diameter, and eighty-two have a diameter of from
fifteen to
