Newspaper Page Text
Hamilton
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r— ......... — ———
SUBSCRIPTION $1.00 A YEAR.
J. L. Dennis, .. ..Proprietor.
HAMILTON. GEORGIA
March 16, ..................... 1SS8.
ANTI-POVERTY SOCIETY FOR
THE SOUTH.
Editors Constitution : I pro¬
pose for the south an anti-poverty
society that will forever eclipse Hen
r y George, Dr. McGlynn, and all
that class of anti-poverty inventors.
I take out no patent, for the princi¬
ple is 4,000 years old. No certificate
of moral character is required for
membership: no initiation fee; no
passing around the plate. It is open
to all, without regard to age, sex,
race, color, or previous condition.
t
And yet, if membership in this socie
ty is persisted in and its rules are
obeyed, you are necessaril) and in
fallibly on the road to wealth. Ar
chimides said 2000 years ago that
he had a fulcrum, or standpoint on
which to res' his lever he could move
the world. The fulcrum of the anti
poveity society I propose is the hith¬
erto despised American _cent—we
cannot get along without it—and the
is interest. •i
lever
To retain membership in this so
ciety each one must save every day
of the 300 working days in the year
such irmall definite sum as his means
will allow, pat it at interest and com¬
pound it every six months, adding
every working day continuously with¬
out bie. k oi failure, the exact sum
fixed upon, This brings wealth,
soon 1 r or later, just in ptoportion as
the sum saved daily and pui at in¬
terest is large or small.
To show what a mascot the cent is
and what a magician interest is, let
the member save and put aside in
this way one cent a day—is there
anybody earning anything who is not
able to do this much? Put it at in
terest at 8 per cent per annum and
compound it every six months. Let
us see what will be the result.
At the end of the first six months
there will be saved one cent for the
150 working days—$1.50. Up
this point the magician interest does
not appear and of course the game is
dull.
But be patient. At the end cf the
second six months $1.50 more is
added to the first, and interest enters
with a meager six cents, making $3.06
and so it goes on accumulating very
"sbwly tor the first five years, as the
following table shows:
End of first six months..... .$ 150
3 06
4 68
of fourth six months...
8 12
End of sixth six months. ... 9 95
End of seventh six months.. 11 84
End of eighth six months. .. 13 82
End of ninth six months.. . . 15 87
End of tenth six months. . .. 18 00
Alia! at the enci of five years you
see the magician begins to get in his
work. Now follow up the computa¬
tion and you will see that at the end
of ten years the $30 you have put i..
the magician’s hand becomes $44.37.
At the end of twenty years the $60
you have trusted him has become
$141.88. At the end of forty years
the $120 you have put under his
magic wand becomes $821.87. Ei
! forty-two years and a half for die
1 $127.50 you have placed in his hat
he pours into your lap $1 005.69.
This, remember, is the result of
saving and steadily reinvesting one
cent a day—the smallest amount pos
sible. Now, how many could have
10 cents a day instead of one? The
result .vould then be ten times as much
—$10,056.90. But, suppose, as many
might afford, $1 a day is saved and
thus treated. The result in fortytwo
and a half years—the ordinary business
4
lifetime of a man—is the enormous
sum of $100,569. Now, who says the
cent is not a mascot, and interest a
rgagician? But ijt may be oojected,
while judicious loans upon real estate
would doubtless yield a rate of interest
as high as 8 per cent, it would not be
practicable f or many of the common
people to thus invest their savings
very well. The introduction of the
cent in the south will be the forerun¬
ner of savings banks. They will be
as sure to follow as “flowers that
bloom in the spring,” and by a judi¬
cious investment of the people’s sav¬
ings they can hardly fail in the next
fifty years to declare a dividend of
2 per cent every six months, or 4 per
cent per annum. Even at this low
rate of interest one cent a day put in
a saving bank would yield in forty
two and a half years $666,00. Ten
cents a day would yield $5,666.00.
One dollar a day would yield $56,660.
Even put in savings banks at 4
per cent per annum if every inhabi
tant 0 f Georgia, young and old, (sup
posing .hem now number to 1,800,
000) should join this ant: poverty
SO ciety and without increasing in pop
u i a tion put in an average of one cent
a day each for forty-two and a half
years, what do you think the aggregate
of their saving-, would then amount
t c ? $1,019,880,000. One billion
nineteen million eight hundred and
eighty thousand dollars! This is 35
percent more than all the saving
banks of New England now hold and
30 per cent more than the savings
banks of all the middle states now
j hold. Bring south cents by rhe car
load and let us all join this “Anti
Poverty Society.”—C. M. Cady, in
Atlanta Constution.
A BIG SAW MILL
Oue of the Journal's Corrrspondrnt's
Xotes on South <«eoi-£ia Matters.
Mr. Editor: -In compliance with
my promise I will now give you my
views as to south west Ga., its cli¬
mate and the great enterprise of this
section the lumber and turpentine
business, which extends almost from
Macon to Brunswick.
All along the line of railway of the
E. T., V. & G. railroad from East
„ an to Jesup every eight or ten miles
can p e seen i| ie i uln ber and turpen
tine mills, and at every place where
they are located a small town is form
ed and side tracks are laid by the
railroad company for loading and
unloading at these mills.
You see nothing but pine and lum¬
ber all along this line of travel. Each
mill built in extent according to the
capital of the company running the
same. And I will only give you a
hort history of the une located at
Suirency and owned by J J. Me
Donnough as I have been through
this mill and become acquainted with
all its working.
This mill was located at this place
some ten years ago and i« under the
superintendence of George S. Offer
man a man of brain and of the finest
business qualifications of the lumber’
interest of any man in southwest
Georgia. And in verification of this
fact the second year after it was lo
cated here a test was made by all
the mills of this section of the same
horse power and Offerman turned
out with his own hand guiding the
largest saw 179,000 feet of lumber
from one saw in fifteen hours and the
next Irghrsr was 158.000 feet in the
same time leaving the field t > < lifer
man by 21,000 ieet.
'This mill is conveniently located
on the E. 1'., V. & G. road, 120miles
from Macon. It lias one large engine
and one small one and has averaged
40,000 feet to the large and 20,000
feet to the small engine per day for the
past ten years and with an average
profit to its owner of iifeht thousand
month t)uring lhis period
, ,
0 J "
Connected with this mill is a large
plainer,a tongue and groover and one
for square boards and now while I
am writing this plainer of square lum
ber is running through logs from forty
to s * xl y a ^ most the passage
of a locomotive. Nearly all tneorders
they have new from the north and
wesl < nn ‘ c ‘ > rmber. Sav
ing an amount ol he g i the rail
roads have it by the pound.
'There is also a large machine shop
attached where skilled mechanics
are employed at high wages to keep
the vast machinery of this great en
terprize in successful operation.
For fear I weary you Mr. Editor I
will close this and give you moie in
detail next week.
Boise
Siirrencv, Ga., Mar.to.
The Melboitnre International Exhibi¬
tion.
Australia celebrates the centenary
of her settlement by a grand Interna
tiooal Exhibition at Melbourne. COH»
mencing August ist next, and con
turning for six months. Congres
has appropriated $50,000, will ap
point commissioners to represent the
United States, and it is hoped that
very many private firms will make
exhibits. The government of Yjc
toria controls the exibition and gives
space and steam for motive power
free. '1 he exhibition building and
annexes will cover twentv-four .acres
of ground, and the display, both local
and from foreign countries, wilt be
the largest ever seen in the southern
hemisphere. Goo Is for exhibition
are admitted duty free. Australia is
a rich and growing country. Amer¬
ican goods sell vv:!l theie, and the
comparative nearness of. Australia to
America should inspire our busine ss
men to control her markets. Mr. fro
M. Ives, who for the past three years
has been in the antipodes as maiu
ger for the well known Safe (Jure
House of H. H. Warner & Go., has
just returned with letters from the
chief secretary and commissioners;
also blank applications for spice,
whicii he will be pleased to send free
on application to him at Rochester
N. Y. Applications should be made
at once, as goods must be in position
not later than July tirst next.
Everybody ought to t.ik ,* an 11.
tta r ed newspaper during a Preside*!
c ' a ^ campaign No amount of type
can present so teisely the points of .1
campaign as is done by the facile
pen of an expert artist. I he N« v
Yorx Daily Graphic has engaged, in
addition in its regular corps of artist,
several well known carlooi ists, vvho-e
appeal from time to tii iiC
an<1 enliven the picture pages of I i e
Graphic during the coming'campaign.
Use Wnrnci s Log Cabin Jvosl
Cream for cartarrh, and thus s ecus
healthful am! pleasant sleep, a
clear head. Price 50 cents.
* •
One of the best known young wo
. 6 6
,lR n m ma a is teet inches
fail. I he mao who would stcii
kiss from her must • fry a *tei tii
..c r.