The Wandering Jew — Complete eBook

This eBook from the Gutenberg Project consists of approximately 1,953 pages of information about The Wandering Jew — Complete.

The Wandering Jew — Complete eBook

This eBook from the Gutenberg Project consists of approximately 1,953 pages of information about The Wandering Jew — Complete.

“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 thousand; in 1808, seventy-six millions eight hundred thousand; in 1822, one hundred and fifty-three millions six hundred thousand; and, at this time, taking the compound interest for ten years, it should be at least two hundred and twenty-five millions.  But losses and inevitable charges, of which the account has been strictly kept, have reduced the sum to two hundred and twelve millions one hundred and seventy-five thousand francs, the securities for which are in this box.”

“I now understand you, my dear,” answered Bathsheba, thoughtfully; “but how wonderful is this power of accumulation! and what admirable provision may be made for the future, with the smallest present resources!”

“Such, no doubt, was the idea of M. de Rennepont; for my father has often told me, and he derived it from his father, that M. de Rennepont was one of the soundest intellects of his time,” said Samuel, as he closed the cedar-box.

“God grant his descendants may be worthy of this kingly fortune, and make a noble use of it!” said Bathsheba, rising.

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The Wandering Jew — Complete from Project Gutenberg. Public domain.