John Jones's Dollar — Edition Insights

(4 User reviews)   1289
Keeler, Harry Stephen, 1890-1967 Project Gutenberg 2008 Not confirmed
Science fiction; Short stories; Compound interest -- Fiction Readers of public-domain and historical texts
Project Gutenberg digital edition en

Edition facts

Words 7,069
Reading time 31 min
Text sections 1

This digital edition of John Jones's Dollar — Edition Insights is described by source-level measurements including 7,069 words, 31 min estimated reading time, and 1 detected text section.

The text analysis averages about 22.6 words per sentence, while the detected sections provide another way to judge how the source is divided.

Project Gutenberg metadata also associates the work with “Science fiction,” connecting these edition facts with the source record’s subject description.

In a 3221 A.D. history lecture, a professor recounts the exponential growth of a 1921 dollar through compound interest, leading to absurd economic crises across the solar system. The story uses a frame narrative and escalating figures to satirize financial logic.
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Editorial Edition Score 4.3/5

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Produced by Greg Weeks, Stephen Blundell and the Online Distributed Proofreading Team at https://www.pgdp.net

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--"

The story opens in the year 3221 A.D., with a history professor at the University of Terra preparing to lecture via a Visaphone—a device with frosted glass squares displaying students' faces. The professor checks the time with a pocket instrument that announces “Fifteen o'clock and one minute” in a metallic voice. This setting immediately establishes a future where technology and bureaucracy have evolved, but human foibles remain.

The lecture's subject is the “John Jones Dollar,” deposited in 1921, and its compound interest at three percent over centuries. The professor notes that the talk will cover ten centuries, ending three hundred years before the present date. The narrative thus frames itself as a historical account within a fictional future, using a lecture format to deliver its speculative premise.

Compound Interest as Plot Engine

The story's central mechanism is the exponential growth of a single dollar through compound interest. The professor begins with a classic chessboard analogy: a grain of wheat doubling on each square quickly exceeds the world's supply. This sets up the premise that John Jones's dollar, left to accumulate at three percent annually, will eventually surpass all wealth in the solar system.

The excerpts provide specific figures: by the 800th year (2721 A.D.), the fund stands at $17,400,000,000; by 900 years, $332,000,000,000. The narrative escalates to the point where, by 2921 A.D., the debt owed to John Jones's descendant would be $6,310,000,000,000, exceeding the total appraised wealth of the solar system—including the heat of the Sun valued per calorie—by $474,758,637.85. This precise arithmetic drives the plot, turning a mathematical concept into a source of conflict.

Future Bureaucracy and Naming Conventions

The future society depicted is heavily bureaucratized. Students are identified by alphanumeric codes: for example, “B262H72476Male” and “J664M42721Male.” The professor addresses a late student sternly, demanding an excuse. The Visaphone system itself suggests a centralized, monitored educational environment.

The John Jones Dollar is managed by a “Board of Directors” who become “frantic” when calculations show a deficit. They consider extreme measures, such as sending an expedition to capture another solar system, but reject it due to time constraints. The crisis is resolved not by financial innovation but by a lover's quarrel between the thirty-ninth descendant and his fiancée, preventing marriage and thus the claim. This resolution underscores the story's satirical tone, where human emotions override economic logic.

Scale and Absurdity in World-Building

The story builds its world through escalating scale and absurd details. By the 28th century, the moon has been “completely hacked away and sent piecemeal into space,” a project requiring 86 years. The John Jones fund's investments extend to Mars and Venus, and eventually the directors appraise the heat of the Sun to calculate total solar system wealth.

The professor's lecture is delivered with academic gravity, yet the content is deliberately preposterous. The narrative voice remains deadpan, presenting fantastic events as historical fact. This contrast between form and content is a key feature of the story. The excerpts do not reveal the full outcome, but the trajectory suggests a satire of unchecked financial growth and the absurd lengths societies might go to service debt.

The story uses a frame narrative—a lecture in 3221 A.D.—to recount a hypothetical history. Readers should note that the excerpts break off before the lecture concludes, so the final twist or moral is not provided here. The text rewards attention to its escalating numbers and bureaucratic details, which are central to its satirical effect. The work is a short story, complete in itself, and its premise is fully introduced within the opening pages.

The rain blurred the windows that afternoon while John Jones's Dollar sat open on my lap, its absurd compounding echoing like distant thunder. I kept thinking about how value becomes meaningless when it grows unchecked. Later, my hand drifted to another shelf, pulling down Brknk's Bounty — Reading Notes, and found the same quiet laughter at wealth’s strange mathematics. Some books just follow you home.

Theodore Jones
1 week ago

Harper Hernandez
3 weeks ago

Amelia Garcia
3 weeks ago

Joseph Thompson
4 weeks ago

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