Monday, December 21, 2015

The cost of smoking and other U.S. statistics, 1906

J.L. Nichols, A.M.  The Business Guide; ...or...Safe Methods of Business.  Standard Edition.  Naperville, Illinois:  J.L. Nichols & Company, 1906.  First copyright 1886.

If bank interest rates remained at 6 percent, puffing on three 10-cent cigars a day for fifty years could really eat into a person's savings!  Think of all the flour, potatoes or boots and shoes, he could have accumulated instead.

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