FREE BOOKS

Author's List




PREV.   NEXT  
|<   554   555   556   557   558   559   560   561   562   563   564   565   566   567   568   569   570   571   572   573   574   575   576   577   578  
579   580   581   582   583   584   585   586   587   588   589   590   591   592   593   594   595   596   597   598   599   600   601   602   603   >>   >|  
mily, the Sum Of TWO HUNDRED AND TWELVE MILLIONS, ONE HUNDRED AND SEVENTY-FIVE THOUSAND FRANCS." And the old man looked at his wife with an expression of legitimate pride. "It is hardly credible!" cried Bathsheba, struck with surprise. "I knew that you had immense property in your hands; but I could never have believed, that one hundred and fifty thousand francs, left a century and a half ago, should be the only source of this immense fortune." "It is even so, Bathsheba," answered the old man, proudly. "Doubtless, my grandfather, my father, and myself, have all been exact and faithful in the management of these funds; doubtless, we have required some sagacity in the choice of investments, in times of revolution and commercial panics; but all this was easy to us, thanks to our relations with our brethren in all countries--and never have I, or any of mine, made an usurious investment, or even taken the full advantage of the legal rate of interest. Such were the positive demands of M. de Rennepont, given to my grandfather; nor is there in the world a fortune that has been obtained by purer means. Had it not been for this disinterestedness, we might have much augmented this two hundred and twelve millions, only by taking advantage of a few favorable circumstances." "Dear me! is it possible?" "Nothing is more simple, Bathsheba. Every one knows, that in fourteen years a capital will be doubled, by the mere accumulation of interest and compound interest at five per cent. Now reflect, that in a century and a half there are ten times fourteen years, and that these one hundred and fifty thousands francs have thus been doubled and redoubled, over and over again. All that astonishes you will then appear plain enough. In 1682, M. de Rennepont entrusted my grandfather with a hundred and fifty thousand francs; this sum, invested as I have told you, would have produced in 1696, fourteen years after, three hundred thousand francs. These last, doubled in 1710, would produce six hundred thousand. On the death of my grandfather in 1719, the amount was already near a million; in 1724, it would be twelve hundred thousand francs; in 1738, two millions four hundred thousand; in 1752, about two years after my birth, four millions eight hundred thousand; in 1766, nine millions six hundred thousand; in 1780, nineteen millions two hundred thousand; in 1794, twelve years after the death of my father, thirty-eight millions four hundred thousan
PREV.   NEXT  
|<   554   555   556   557   558   559   560   561   562   563   564   565   566   567   568   569   570   571   572   573   574   575   576   577   578  
579   580   581   582   583   584   585   586   587   588   589   590   591   592   593   594   595   596   597   598   599   600   601   602   603   >>   >|  



Top keywords:
hundred
 

thousand

 

millions

 

francs

 

grandfather

 

Bathsheba

 
interest
 
twelve
 

fourteen

 
doubled

century

 

advantage

 
Rennepont
 

father

 

fortune

 

HUNDRED

 

immense

 

simple

 
accumulation
 
compound

capital

 

nineteen

 
taking
 
thirty
 

thousan

 

augmented

 

favorable

 
circumstances
 

Nothing

 

million


entrusted

 

produce

 

invested

 

thousands

 
reflect
 

produced

 
redoubled
 

astonishes

 
amount
 

usurious


believed

 

property

 

struck

 
surprise
 

Doubtless

 

proudly

 

answered

 

source

 

credible

 
MILLIONS