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Parent Issue
Day
19
Month
January
Year
1887
Copyright
Public Domain
OCR Text

Let us analyze this proposition. We will saj' tluit at $1 a (Jny man receives $:i()0 in a year, and uses it all in making botli ends meet. He dies at fifty yeara ol age, a poor man without enough to bury himsclf decently. Tlie secoml m;in, who receives $1.50 per day, uses only $1 to make both enda meet. The same as the first one. But lie saves fifty cenU per day, or f ISO per annnm. At the end of thirty years, or wheu he reaches the age of fifty years, lie has got just $4,500. He is just thut mucli better off thau the $1 man when lie dies. But here is a tliird raan who is also a $1.50 a day man. He st:trt.s out on the same basis as the other $1 50 man, and at the end of the first five years he quita saving any more, but Instead he spenda tiis $1.50 to live on for the next twentyIve years. But he has got $750 saved from his first five years salary. What will he do with It? Why we will let ïim loan it out at six per cent. compound interest every eix month-. And whiit will be the result y Why he would lave at the time he was rUty years of IM Hie snug sum of $5,700, and would also have had the pleasure of having ipent his lifty cents per day for upwards of twenty-ftve years. 8o we see that it is not so much what a man earns as what his monev earns for

Article

Subjects
Ann Arbor Courier
Old News