Less losses sustained by failures, expenses of commission and brokerage, and salary of three generations of trustees, as per statement annexed 13,775,000
             ____________
             212,175,000

Francs 212,175,000

“It is quite right,” said Samuel, after examining the papers, contained in the cedar-wood box.  “There remains in hand, at the absolute disposal of the heirs of the Rennepont family, 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