“Interest of Money”

Dr. Price, in the second edition of his “Observations on Reversionary Payments,” says: “It is well known to what prodigious sums money improved for some time at compound interest will increase. A penny so improved from our Saviour’s birth, as to double itself every fourteen years — or, what is nearly the same, put out at five per cent. compound interest at our Saviour’s birth — would by this time have increased to more money than could be contained in 150 millions of globes, each equal to the earth in magnitude, and all solid gold. A shilling, put out at six per cent. compound interest would, in the same time, have increased to a greater sum in gold than the whole solar system could hold, supposing it a sphere equal in diameter to the diameter of Saturn’s orbit. And the earth is to such a sphere as half a square foot, or a quarto page, to the whole surface of the earth.”

Barkham Burroughs’ Encyclopaedia of Astounding Facts and Useful Information, 1889