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On Dec. 15th 1902 THE MENEIL BOILER COMPANY, will pay to bearer at The Second National Bank, in Akron, Ohio. FIFTEEN DOLLARS ($150) gold coin of the United States of America of the present tandard of weight and fineness,beingthe semi-annual interest that day due on its first mortgage bond THE MCNEIL BOILER COMPANY,

No. 24 SeMille

HE illustration here


shows the actual size of the first vertical row

of interest coupons on the bond illustrated in another part of this book.

Read the terms of that bond. What is its number? Does that number appear on all of the coupons? Why? How many of these bonds were issued on June 15, 1902? When do they become due? When may they

be paid if the maker desires it? How much of

the face value must the maker pay if he pays these bonds before June 15, 1902? What rate of interest do these bonds draw?

The interest on this bond is payable every six months, so there are 20 coupons, numbered in the order in which they come due. Each calls for the payment of $15 in gold coin of the present stand

Why at

ard of value.
the present standard of

Notice also that the payment of this bond is secured by a first mortgage on all the buildings and other property of the maker. That is because When a national, state, county, or

this is the bond of a private corporation.

city government issues bonds it gives no mortgage. Why?

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HIS is the age of the trained man and the trained woman. That is the thing I want to write on your hearts. There was a time in this country when opportunities were so great, and there was so much to be done, that any man or any woman who had a good heart and a good character, and a strong arm, might achieve a certain degree of success. I am not saying that that time has entirely passed. I hope it will be long before it is entirely passed. But this I am saying to you, that if I were a young man or a young woman, going out into the world to-day, I should not dare to go, unless I had given myself every possible educational opportunity; unless I had made myself absolutely master of the thing I wanted to do.

I tell you to-day that the tragedy of modern life is the tragedy of the half-educated man or woman. It is the tragedy of the man or woman who wants to do something and cannot do anything well.


In address to business college students.



As a means of expressing the parts of a solution to a problem, the equation is used in all arithmetic work. From the simplest statements of the child in early number work to the most complex work of the advanced student, the equation is in constant use.

The primary pupil makes all his use of the equation without the formality of naming it, and the results are just as good. The older pupil may, if the teacher sees fit, pursue the elementary discussion of the equation here, as a basis for information, or for his later work in advanced mathematics.

An equation is a statement of equality between two numerical expressions, as, 2 + 2 = 4.

The parts on either side of the sign of equality are called the members.

When a member is separated into parts by either of the signs or, the parts are called terms.


12 inches 1 foot. Here, each member is a term. 4+48. Here, 4, 4, and 8 are all terms. An area 4 ft. wide and 6 ft. long 24 sq. ft. 24 sq. ft. Here, each member is a term, multiplication being understood in the first.


Some equations are always true and may be used in the solution of any problem, as,

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