How Money Begets Money

An example of the way in which money mafces money appears in one of the accounts on the books of E. S. Jaffray & Co. , the big New York dry goods firin which t'ailed reeently. An English friend of Mr. Jaffray loaued the flrm $25,000 in 1847 and let it lie thcre ever ginco at 6 por cent per annnm, drawing only $1,000 each yenr. The first year left him $500 to the good, and the yearly accumulatious and ■ componuded interast for these 48 years niake him figure on the books as having $154,000 to