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+The Project Gutenberg EBook of John Jones's Dollar, by Harry Stephen Keeler
+
+This eBook is for the use of anyone anywhere at no cost and with
+almost no restrictions whatsoever.  You may copy it, give it away or
+re-use it under the terms of the Project Gutenberg License included
+with this eBook or online at www.gutenberg.org
+
+
+Title: John Jones's Dollar
+
+Author: Harry Stephen Keeler
+
+Release Date: October 10, 2008 [EBook #26867]
+
+Language: English
+
+Character set encoding: ASCII
+
+*** START OF THIS PROJECT GUTENBERG EBOOK JOHN JONES'S DOLLAR ***
+
+
+
+
+Produced by Greg Weeks, Stephen Blundell and the Online
+Distributed Proofreading Team at https://www.pgdp.net
+
+
+
+
+
+
+
+
+
+[Illustration]
+
+JOHN JONES'S DOLLAR
+
+By HARRY STEPHEN KEELER
+
+    _Take a board with 64 squares on it. Put a grain of wheat on the
+    first square--two on the second--four on the third. Keep doubling in
+    this manner and you will find there isn't enough wheat in the world
+    to fill the sixty-fourth square. It can be the same with compound
+    interest._
+
+
+On the 201st day of the year 3221 A.D., the professor of history at the
+University of Terra seated himself in front of the Visaphone and
+prepared to deliver the daily lecture to his class, the members of which
+resided in different portions of the earth.
+
+The instrument before which he seated himself was very like a great
+window sash, on account of the fact that there were three or four
+hundred frosted glass squares visible. In a space at the center, not
+occupied by any of these glass squares, was a dark oblong area and a
+ledge holding a piece of chalk. And above the area was a huge brass
+cylinder; toward this brass cylinder the professor would soon direct
+his subsequent remarks.
+
+In order to assure himself that it was time to press the button which
+would notify the members of the class in history to approach their local
+Visaphones, the professor withdrew from his vest pocket a small
+contrivance which he held to his ear. Upon moving a tiny switch attached
+to the instrument, a metallic voice, seeming to come from somewhere in
+space, repeated mechanically: "Fifteen o'clock and one minute--fifteen
+o'clock and one minute--fifteen o'clock and one min--" Quickly, the
+professor replaced the instrument in his vest pocket and pressed a
+button at the side of the Visaphone.
+
+As though in answer to the summons, the frosted squares began, one by
+one, to show the faces and shoulders of a peculiar type of young men;
+young men with great bulging foreheads, bald, toothless, and wearing
+immense horn spectacles. One square, however, still remained empty. On
+noticing this, a look of irritation passed over the professor's
+countenance.
+
+But, seeing that every other glass square but this one was filled up, he
+commenced to talk.
+
+"I am pleased, gentlemen, to see you all posted at your local Visaphones
+this afternoon. I have prepared my lecture today upon a subject which
+is, perhaps, of more economic interest than historical. Unlike the
+previous lectures, my talk will not confine itself to the happenings of
+a few years, but will gradually embrace the course of ten centuries, the
+ten centuries, in fact, which terminated three hundred years before the
+present date. My lecture will be an exposition of the effects of the
+John Jones Dollar, originally deposited in the dawn of civilization, or
+to be more precise, in the year of 1921--just thirteen hundred years
+ago. This John Jon--"
+
+At this point in the professor's lecture, the frosted glass square which
+hitherto had shown no image, now filled up. Sternly he gazed at the head
+and shoulders that had just appeared.
+
+"B262H72476Male, you are late to class again. What excuse have you to
+offer today?"
+
+From the hollow cylinder emanated a shrill voice, while the lips of the
+picture on the glass square moved in unison with the words:
+
+"Professor, you will perceive by consulting your class book, that I have
+recently taken up my residence near the North Pole. For some reason,
+wireless communication between the Central Energy Station and all points
+north of 89 degrees was cut off a while ago, on account of which fact I
+could not appear in the Visaphone. Hence--"
+
+"Enough, sir," roared the professor. "Always ready with an excuse,
+B262H72476Male. I shall immediately investigate your tale."
+
+From his coat pocket, the professor withdrew an instrument which,
+although supplied with an earpiece and a mouthpiece, had no wires
+whatever attached. Raising it to his lips, he spoke:
+
+"Hello. Central Energy Station, please." A pause ensued. "Central Energy
+Station? This is the professor of history at the University of Terra,
+speaking. One of my students informs me that the North Pole region was
+out of communication with the Visaphone System this morning. Is that
+statement true? I would--"
+
+A voice, apparently from nowhere, spoke into the professor's ear. "Quite
+true, Professor. A train of our ether waves accidently fell into
+parallelism with a train of waves from the Venus Substation. By the most
+peculiar mischance, the two trains happened to be displaced, with
+reference to each other, one half of a wave length, with the unfortunate
+result that the negative points of one coincided with the positive
+points of maximum amplitude of the other. Hence the two wave trains
+nullified each other and communication ceased for one hundred and
+eighty-five seconds--until the earth had revolved far enough to throw
+them out of parallelism."
+
+"Ah! Thank you," replied the professor. He dropped his instrument into
+his coat pocket and gazed in the direction of the glass square whose
+image had so aroused his ire. "I apologize, B262H72476Male, for my
+suspicions as to your veracity--but I had in mind several former
+experiences." He shook a warning forefinger. "I will now resume my
+talk."
+
+"A moment ago, gentlemen, I mentioned the John Jones Dollar. Some of you
+who have just enrolled with the class will undoubtedly say to
+yourselves: 'What is a John Jones? What is a Dollar?'
+
+"In the early days, before the present scientific registration of human
+beings was instituted by the National Eugenics Society, man went around
+under a crude multi-reduplicative system of nomenclature. Under this
+system there were actually more John Joneses than there are calories in
+a British Thermal Unit. But there was one John Jones, in particular,
+living in the twentieth century, to whom I shall refer in my lecture.
+Not much is known of his personal life except that he was an ardent
+socialist--a bitter enemy, in fact, of the private ownership of wealth.
+
+"Now as to the Dollar. At this day, when the Psycho-Erg, a combination
+of the Psych, the unit of esthetic satisfaction, and the Erg, the unit
+of mechanical energy, is recognized as the true unit of value, it seems
+difficult to believe that in the twentieth century and for more than ten
+centuries thereafter, the Dollar, a metallic circular disk, was being
+passed from hand to hand in exchange for the essentials of life.
+
+"But nevertheless, such was the case. Man exchanged his mental or
+physical energy for these Dollars. He then re-exchanged the Dollars for
+sustenance, raiment, pleasure, and operations for the removal of the
+vermiform appendix.
+
+"A great many individuals, however, deposited their Dollars in a
+stronghold called a bank. These banks invested the Dollars in loans and
+commercial enterprises, with the result that, every time the earth
+traversed the solar ecliptic, the banks compelled each borrower to
+repay, or to acknowledge as due, the original loan, plus six
+one-hundredths of that loan. And to the depositor, the banks paid three
+one-hundredths of the deposited Dollars for the use of the disks. This
+was known as three percent, or bank interest.
+
+"Now, the safety of Dollars, when deposited in banks, was not absolutely
+assured to the depositor. At times, the custodians of these Dollars were
+wont to appropriate them and proceed to portions of the earth, sparsely
+inhabited and accessible with difficulty. And at other times, nomadic
+groups known as 'yeggmen' visited the banks, opened the vaults by force,
+and departed, carrying with them the contents.
+
+"But to return to our subject. In the year 1921, one of these numerous
+John Joneses performed an apparently inconsequential action which caused
+the name of John Jones to go down in history. What did he do?
+
+"He proceeded to one of these banks, known at that time as 'The First
+National Bank of Chicago,' and deposited there, one of these disks--a
+silver Dollar--to the credit of a certain individual. And this
+individual to whose credit the Dollar was deposited was no other person
+than the fortieth descendant of John Jones who stipulated in paper which
+was placed in the files of the bank, that the descendancy was to take
+place along the oldest child of each of the generations which would
+constitute his posterity.
+
+"The bank accepted the Dollar under that understanding, together with
+another condition imposed by this John Jones, namely, that the interest
+was to be compounded annually. That meant that at the close of each
+year, the bank was to credit the account of John Jones's fortieth
+descendant with three one-hundredths of the account as it stood at the
+beginning of the year.
+
+"History tells us little more concerning this John Jones--only that he
+died in the year 1931, or ten years afterward, leaving several children.
+
+"Now you gentlemen who are taking mathematics under Professor
+L127M72421Male, of the University of Mars, will remember that where any
+number such as X, in passing through a progressive cycle of change,
+grows at the end of that cycle by a proportion p, then the value of the
+original X, after n cycles, becomes X(1 + p)^n.
+
+"Obviously, in this case, X equalled one Dollar; p equalled three
+one-hundredths; and n will depend upon any number of years which we care
+to consider, following the date of deposit. By a simple calculation,
+those of you who are today mentally alert can check up the results that
+I shall set forth in my lecture.
+
+"At the time that John Jones died, the amount in the First National Bank
+of Chicago to the credit of John Jones the fortieth, was as follows."
+
+The professor seized the chalk and wrote rapidly upon the oblong space:
+
+    1931   10 years elapsed   $1.34
+
+"The peculiar sinuous hieroglyphic," he explained, "is an ideograph
+representing the Dollar.
+
+"Well, gentlemen, time went on as time will, until a hundred years had
+passed by. The First National Bank still existed, and the locality,
+Chicago, had become the largest center of population upon the earth.
+Through the investments which had taken place, and the yearly
+compounding of interest, the status of John Jones's deposit was now as
+follows." He wrote:
+
+    2021   100 years elapsed   $19.10
+
+"In the following century, many minor changes, of course, took place in
+man's mode of living; but the so-called socialists still agitated widely
+for the cessation of private ownership of wealth; the First National
+Bank still accepted Dollars for safe keeping, and the John Jones Dollar
+still continued to grow. With about thirty-four generations yet to come,
+the account now stood:
+
+    2121   200 years elapsed   $364
+
+"And by the end of the succeeding hundred years, it had grown to what
+constituted an appreciable bit of exchange value in those days--thus:
+
+    2221   300 years   $6,920
+
+"Now the century which followed contains an important date. The date I
+am referring to is the year 2299 A.D., or the year in which every human
+being born upon the globe was registered under a numerical name at the
+central bureau of the National Eugenics Society. In our future lessons
+which will treat with that period of detail, I shall ask you to memorize
+that date.
+
+"The socialists still agitated, fruitlessly, but the First National Bank
+of Chicago was now the first International Bank of the Earth. And how
+great had John Jones's Dollar grown? Let us examine the account, both on
+that important historical date, and also at the close of the 400th year
+since it was deposited. Look:
+
+    2299   378 years    $68,900
+    2321   400 years   $132,000
+
+"But gentlemen, it had not reached the point where it could be termed an
+unusually large accumulation of wealth. For larger accumulations existed
+upon the earth. A descendant of a man once known as John D. Rockefeller
+possessed an accumulation of great size, but which, as a matter of
+fact, was rapidly dwindling as it passed from generation to generation.
+So, let us travel ahead another one hundred years. During this time, as
+we learn from our historical and political archives, the socialists
+began to die out, since they at last realized the utter futility of
+combating the balance of power. The account, though, now stood:
+
+    2421   500 years   $2,520,000
+
+"It is hardly necessary for me to make any comment. Those of you who are
+most astute, and others of you who flunked my course before and are now
+taking it the second time, of course know what is coming.
+
+"During the age in which this John Jones lived, there lived also a man,
+a so-called scientist called Metchnikoff. We know, from a study of our
+vast collection of Egyptian Papyri and Carnegie Library books, that this
+Metchnikoff promulgated the theory that old age--or rather senility--was
+caused by colon-bacillus. This fact was later verified. But while he was
+correct in the etiology of senility, he was crudely primeval in the
+therapeutics of it.
+
+"He proposed, gentlemen, to combat and kill this bacillus by utilizing
+the fermented lacteal fluid from a now extinct animal called the cow,
+models of which you can see at any time at the Solaris Museum."
+
+A chorus of shrill, piping laughter emanated from the brass cylinder.
+The professor waited until the merriment had subsided and then
+continued:
+
+"I beg of you, gentlemen, do not smile. This was merely one of the many
+similar quaint superstitions existing in that age.
+
+"But a real scientist, Professor K122B62411Male, again attacked the
+problem in the twenty-fifth century. Since the cow was now extinct, he
+could not waste his valuable time experimenting with fermented cow
+lacteal fluid. He discovered the old _v_-rays of Radium--the rays which
+you physicists will remember are not deflected by a magnetic field--were
+really composed of two sets of rays, which he termed the _g_ rays and
+the _e_ rays. These last named rays--only when isolated--completely
+devitalized all colon-bacilli which lay in their path, without in the
+least affecting the integrity of any interposed organic cells. The great
+result, as many of you already know, was that the life of man was
+extended to nearly two hundred years. That, I state unequivocally, was a
+great century for the human race.
+
+       *       *       *       *       *
+
+"But I spoke of another happening--one, perhaps, of more interest than
+importance. I referred to the bank account of John Jones the fortieth.
+It, gentlemen, had grown to such a prodigious sum that a special bank
+and board of directors had to be created in order to care for, and
+reinvest it. By scanning the following notation, you will perceive the
+truth of my statement:
+
+    2521   600 years   $47,900,000
+
+"By the year 2621 A.D., two events of stupendous importance took place.
+There is scarcely a man in this class who has not heard of how Professor
+P222D29333Male accidentally stumbled upon the scientific fact that the
+effect of gravity is reversed upon any body which vibrates
+perpendicularly to the plane of the ecliptic with a frequency which is
+an even multiple of the logarithm of 2 of the Naperian base 'e.' At
+once, special vibrating cars were constructed which carried mankind to
+all planets. That discovery of Professor P222D29333Male did nothing less
+than open up seven new territories to our inhabitants; namely: Mercury,
+Venus, Mars, Jupiter, Saturn, Uranus, and Neptune. In the great land
+rush that ensued, thousands who were previously poor became rich.
+
+"But, gentlemen, land which so far had been constituted one of the main
+sources of wealth, was shortly to become valuable for individual golf
+links only, as it is today, on account of another scientific discovery.
+
+"This second discovery was in reality, not a discovery, but the
+perfection of a chemical process, the principles of which had been known
+for many centuries. I am alluding to the construction of the vast
+reducing factories, one upon each planet, to which the bodies of all
+persons who have died on their respective planets are at once shipped by
+Aerial Express. Since this process is used today, all of you understand
+the methods employed; how each body is reduced by heat to its component
+constituents: hydrogen, oxygen, nitrogen, carbon, calcium, phosphorus,
+and so forth; how these separated constituents are stored in special
+reservoirs together with the components from thousands of other corpses;
+how these elements are then synthetically combined into food tablets for
+those of us who are yet alive--thus completing an endless chain from the
+dead to the living. Naturally then, agriculture and stock-raising
+ceased, since the food problem, with which man had coped from time
+immemorial, was solved. The two direct results were, first--that land
+lost the inflated values it had possessed when it was necessary for
+tillage, and second--that men were at last given enough leisure to enter
+the fields of science and art.
+
+"And as to the John Jones Dollar, which now embraced countless
+industries and vast territory on the earth, it stood, in value:
+
+    2621   700 years   $912,000,000
+
+"In truth, gentlemen, it now constituted the largest private fortune on
+the terrestrial globe. And in that year, 2621 A.D., there were thirteen
+generations yet to come, before John Jones the fortieth would arrive.
+
+"To continue. In the year 2721 A.D., an important political battle was
+concluded in the Solar System Senate and House of Representatives. I am
+referring to the great controversy as to whether the Earth's moon was a
+sufficient menace to interplanetary navigation to warrant its removal.
+The outcome of the wrangle was that the question was decided in the
+affirmative. Consequently--
+
+"But I beg your pardon, young men. I occasionally lose sight of the fact
+that you are not so well informed upon historical matters as myself.
+Here I am, talking to you about the moon, totally forgetful that many of
+you are puzzled as to my meaning. I advise all of you who have not yet
+attended the Solaris Museum on Jupiter, to take a trip there some Sunday
+afternoon. The Interplanetary Suburban Line runs trains every half hour
+on that day. You will find there a complete working model of the old
+satellite of the Earth, which, before it was destroyed, furnished this
+planet light at night through the crude medium of reflection.
+
+"On account of this decision as to the inadvisability of allowing the
+moon to remain where it was, engineers commenced its removal in the year
+2721. Piece by piece, it was chipped away and brought to the Earth in
+Interplanetary freight cars. These pieces were then propelled by
+Zoodolite explosive, in the direction of the Milky Way, with a velocity
+of 11,217 meters per second. This velocity, of course, gave each
+departing fragment exactly the amount of kinetic energy it required to
+enable it to overcome the backward pull of the Earth from here to
+infinity. I dare say those moon-hunks are going yet.
+
+"At the start of the removal of the moon in 2721 A.D., the accumulated
+wealth of John Jones the fortieth, stood:
+
+    2721   800 years   $17,400,000,000
+
+"Of course, with such a colossal sum at their command, the directors of
+the fund had made extensive investments on Mars and Venus.
+
+"By the end of the twenty-eighth century, or the year 2807 A.D., the
+moon had been completely hacked away and sent piecemeal into space, the
+job having required 86 years. I give, herewith, the result of John
+Jones's Dollar, both at the date when the moon was completely removed
+and also at the close of the 900th year after its deposit:
+
+    2807   886 years   $219,000,000,000
+    2821   900 years   $332,000,000,000
+
+"The meaning of those figures, gentlemen, as stated in simple language,
+was that the John Jones Dollar now comprised practically all the wealth
+on Earth, Mars, and Venus--with the exception of one university site on
+each planet, which was, of course, school property.
+
+"And now I will ask you to advance with me to the year 2906 A.D. In this
+year the directors of the John Jones fund awoke to the fact that they
+were in a dreadful predicament. According to the agreement under which
+John Jones deposited his Dollar away back in the year 1921, interest was
+to be compounded annually at three percent. In the year 2900 A.D., the
+thirty-ninth generation of John Jones was alive, being represented by a
+gentleman named J664M42721Male, who was thirty years of age and engaged
+to be married to a young lady named T246M42652Female.
+
+"Doubtless, you will ask, what was the predicament in which the
+directors found themselves. Simply this:
+
+"A careful appraisement of the wealth on Neptune, Uranus, Saturn,
+Jupiter, Mars, Venus, and Mercury, and likewise Earth, together with an
+accurate calculation of the remaining heat in the Sun and an
+appraisement of that heat at a very decent valuation per calorie,
+demonstrated that the total wealth of the Solar System amounted to
+$6,309,525,241,362.15.
+
+"But unfortunately, a simple computation showed that if Mr.
+J664M42721Male married Miss T246M42652Female, and was blessed by a child
+by the year 2921, which year marked the thousandth year since the
+deposit of the John Jones Dollar, then in that year there would be due
+the child, the following amount:
+
+    2921   1,000 years   $6,310,000,000,000
+
+"It simply showed beyond all possibility of argument, that by 2921 A.D.,
+we would be $474,758,637.85 shy--that we would be unable to meet the
+debt to John Jones the fortieth.
+
+"I tell you, gentlemen, the Board of Directors was frantic. Such wild
+suggestions were put forth as the sending of an expeditionary force to
+the nearest star in order to capture some other Solar System and thus
+obtain more territory to make up the deficit. But that project was
+impossible on account of the number of years that it would have
+required.
+
+"Visions of immense law suits disturbed the slumber of those unfortunate
+individuals who formed the John Jones Dollar Directorship. But on the
+brink of one of the biggest civil actions the courts had ever known,
+something occurred that altered everything."
+
+The professor again withdrew the tiny instrument from his vest pocket,
+held it to his ear and adjusted the switch. A metallic voice rasped:
+"Fifteen o'clock and fifty-two minutes--fifteen o'clock and fifty-two
+minutes--fift--" He replaced the instrument and went on with his talk.
+
+"I must hasten to the conclusion of my lecture, gentlemen, as I have an
+engagement with Professor C122B24999Male of the University of Saturn at
+sixteen o'clock. Now, let me see; I was discussing the big civil action
+that was hanging over the heads of the John Jones Dollar directors.
+
+"Well, this Mr. J664M42721Male, the thirty-ninth descendant of the
+original John Jones, had a lover's quarrel with Miss T246M42652Female,
+which immediately destroyed the probability of their marriage. Neither
+gave in to the other. Neither ever married. And when Mr. J664M42721Male
+died in 2946 A.D., of a broken heart, as it was claimed, he was single
+and childless.
+
+"As a result, there was no one to turn the Solar System over to.
+Immediately, the Interplanetary Government stepped in and took
+possession of it. At that instant, of course, private property ceased.
+In the twinkling of an eye almost, we reached the true socialistic and
+democratic condition for which man had futilely hoped throughout the
+ages.
+
+"That is all today, gentlemen. Class is dismissed."
+
+One by one, the faces faded from the Visaphone.
+
+For a moment, the professor stood ruminating.
+
+"A wonderful man, that old socialist, John Jones the first," he said
+softly to himself, "a farseeing man, a bright man, considering that he
+lived in such a dark era as the twentieth century. But how nearly his
+well-contrived scheme went wrong. Suppose that fortieth descendant had
+been born?"
+
+
+THE END
+
+
+
+
+Transcriber's Note:
+
+    This etext was produced from _Amazing Stories_ April 1956 and was
+    first published in _Amazing Stories_ April 1927. Extensive research
+    did not uncover any evidence that the U.S. copyright on this
+    publication was renewed. Minor spelling and typographical errors
+    have been corrected without note.
+
+    The original equation given, x (1 + p)n, has been corrected to show
+    the 'n' as superscript: X(1 + p)^n.
+
+
+
+
+
+End of Project Gutenberg's John Jones's Dollar, by Harry Stephen Keeler
+
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