The Project Gutenberg eBook of John Jones's Dollar

This ebook is for the use of anyone anywhere in the United States and most other parts of the world 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. If you are not located in the United States, you will have to check the laws of the country where you are located before using this eBook.

Title: John Jones's Dollar

Author: Harry Stephen Keeler

Release date: October 10, 2008 [eBook #26867]
Most recently updated: January 4, 2021

Language: English

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

*** START OF THE PROJECT GUTENBERG EBOOK JOHN JONES'S DOLLAR ***

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
2321
378 years
400 years
$68,900
$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
2821
886 years
900 years
$219,000,000,000
$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 THE PROJECT GUTENBERG EBOOK JOHN JONES'S DOLLAR ***

Updated editions will replace the previous one—the old editions will be renamed.

Creating the works from print editions not protected by U.S. copyright law means that no one owns a United States copyright in these works, so the Foundation (and you!) can copy and distribute it in the United States without permission and without paying copyright royalties. Special rules, set forth in the General Terms of Use part of this license, apply to copying and distributing Project Gutenberg™ electronic works to protect the PROJECT GUTENBERG™ concept and trademark. Project Gutenberg is a registered trademark, and may not be used if you charge for an eBook, except by following the terms of the trademark license, including paying royalties for use of the Project Gutenberg trademark. If you do not charge anything for copies of this eBook, complying with the trademark license is very easy. You may use this eBook for nearly any purpose such as creation of derivative works, reports, performances and research. Project Gutenberg eBooks may be modified and printed and given away—you may do practically ANYTHING in the United States with eBooks not protected by U.S. copyright law. Redistribution is subject to the trademark license, especially commercial redistribution.

START: FULL LICENSE

THE FULL PROJECT GUTENBERG LICENSE

PLEASE READ THIS BEFORE YOU DISTRIBUTE OR USE THIS WORK

To protect the Project Gutenberg™ mission of promoting the free distribution of electronic works, by using or distributing this work (or any other work associated in any way with the phrase “Project Gutenberg”), you agree to comply with all the terms of the Full Project Gutenberg™ License available with this file or online at www.gutenberg.org/license.

Section 1. General Terms of Use and Redistributing Project Gutenberg™ electronic works

1.A. By reading or using any part of this Project Gutenberg™ electronic work, you indicate that you have read, understand, agree to and accept all the terms of this license and intellectual property (trademark/copyright) agreement. If you do not agree to abide by all the terms of this agreement, you must cease using and return or destroy all copies of Project Gutenberg™ electronic works in your possession. If you paid a fee for obtaining a copy of or access to a Project Gutenberg™ electronic work and you do not agree to be bound by the terms of this agreement, you may obtain a refund from the person or entity to whom you paid the fee as set forth in paragraph 1.E.8.

1.B. “Project Gutenberg” is a registered trademark. It may only be used on or associated in any way with an electronic work by people who agree to be bound by the terms of this agreement. There are a few things that you can do with most Project Gutenberg™ electronic works even without complying with the full terms of this agreement. See paragraph 1.C below. There are a lot of things you can do with Project Gutenberg™ electronic works if you follow the terms of this agreement and help preserve free future access to Project Gutenberg™ electronic works. See paragraph 1.E below.

1.C. The Project Gutenberg Literary Archive Foundation (“the Foundation” or PGLAF), owns a compilation copyright in the collection of Project Gutenberg™ electronic works. Nearly all the individual works in the collection are in the public domain in the United States. If an individual work is unprotected by copyright law in the United States and you are located in the United States, we do not claim a right to prevent you from copying, distributing, performing, displaying or creating derivative works based on the work as long as all references to Project Gutenberg are removed. Of course, we hope that you will support the Project Gutenberg™ mission of promoting free access to electronic works by freely sharing Project Gutenberg™ works in compliance with the terms of this agreement for keeping the Project Gutenberg™ name associated with the work. You can easily comply with the terms of this agreement by keeping this work in the same format with its attached full Project Gutenberg™ License when you share it without charge with others.

1.D. The copyright laws of the place where you are located also govern what you can do with this work. Copyright laws in most countries are in a constant state of change. If you are outside the United States, check the laws of your country in addition to the terms of this agreement before downloading, copying, displaying, performing, distributing or creating derivative works based on this work or any other Project Gutenberg™ work. The Foundation makes no representations concerning the copyright status of any work in any country other than the United States.

1.E. Unless you have removed all references to Project Gutenberg:

1.E.1. The following sentence, with active links to, or other immediate access to, the full Project Gutenberg™ License must appear prominently whenever any copy of a Project Gutenberg™ work (any work on which the phrase “Project Gutenberg” appears, or with which the phrase “Project Gutenberg” is associated) is accessed, displayed, performed, viewed, copied or distributed:

This eBook is for the use of anyone anywhere in the United States and most other parts of the world 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. If you are not located in the United States, you will have to check the laws of the country where you are located before using this eBook.

1.E.2. If an individual Project Gutenberg™ electronic work is derived from texts not protected by U.S. copyright law (does not contain a notice indicating that it is posted with permission of the copyright holder), the work can be copied and distributed to anyone in the United States without paying any fees or charges. If you are redistributing or providing access to a work with the phrase “Project Gutenberg” associated with or appearing on the work, you must comply either with the requirements of paragraphs 1.E.1 through 1.E.7 or obtain permission for the use of the work and the Project Gutenberg™ trademark as set forth in paragraphs 1.E.8 or 1.E.9.

1.E.3. If an individual Project Gutenberg™ electronic work is posted with the permission of the copyright holder, your use and distribution must comply with both paragraphs 1.E.1 through 1.E.7 and any additional terms imposed by the copyright holder. Additional terms will be linked to the Project Gutenberg™ License for all works posted with the permission of the copyright holder found at the beginning of this work.

1.E.4. Do not unlink or detach or remove the full Project Gutenberg™ License terms from this work, or any files containing a part of this work or any other work associated with Project Gutenberg™.

1.E.5. Do not copy, display, perform, distribute or redistribute this electronic work, or any part of this electronic work, without prominently displaying the sentence set forth in paragraph 1.E.1 with active links or immediate access to the full terms of the Project Gutenberg™ License.

1.E.6. You may convert to and distribute this work in any binary, compressed, marked up, nonproprietary or proprietary form, including any word processing or hypertext form. However, if you provide access to or distribute copies of a Project Gutenberg™ work in a format other than “Plain Vanilla ASCII” or other format used in the official version posted on the official Project Gutenberg™ website (www.gutenberg.org), you must, at no additional cost, fee or expense to the user, provide a copy, a means of exporting a copy, or a means of obtaining a copy upon request, of the work in its original “Plain Vanilla ASCII” or other form. Any alternate format must include the full Project Gutenberg™ License as specified in paragraph 1.E.1.

1.E.7. Do not charge a fee for access to, viewing, displaying, performing, copying or distributing any Project Gutenberg™ works unless you comply with paragraph 1.E.8 or 1.E.9.

1.E.8. You may charge a reasonable fee for copies of or providing access to or distributing Project Gutenberg™ electronic works provided that:

• You pay a royalty fee of 20% of the gross profits you derive from the use of Project Gutenberg™ works calculated using the method you already use to calculate your applicable taxes. The fee is owed to the owner of the Project Gutenberg™ trademark, but he has agreed to donate royalties under this paragraph to the Project Gutenberg Literary Archive Foundation. Royalty payments must be paid within 60 days following each date on which you prepare (or are legally required to prepare) your periodic tax returns. Royalty payments should be clearly marked as such and sent to the Project Gutenberg Literary Archive Foundation at the address specified in Section 4, “Information about donations to the Project Gutenberg Literary Archive Foundation.”

• You provide a full refund of any money paid by a user who notifies you in writing (or by e-mail) within 30 days of receipt that s/he does not agree to the terms of the full Project Gutenberg™ License. You must require such a user to return or destroy all copies of the works possessed in a physical medium and discontinue all use of and all access to other copies of Project Gutenberg™ works.

• You provide, in accordance with paragraph 1.F.3, a full refund of any money paid for a work or a replacement copy, if a defect in the electronic work is discovered and reported to you within 90 days of receipt of the work.

• You comply with all other terms of this agreement for free distribution of Project Gutenberg™ works.

1.E.9. If you wish to charge a fee or distribute a Project Gutenberg™ electronic work or group of works on different terms than are set forth in this agreement, you must obtain permission in writing from the Project Gutenberg Literary Archive Foundation, the manager of the Project Gutenberg™ trademark. Contact the Foundation as set forth in Section 3 below.

1.F.

1.F.1. Project Gutenberg volunteers and employees expend considerable effort to identify, do copyright research on, transcribe and proofread works not protected by U.S. copyright law in creating the Project Gutenberg™ collection. Despite these efforts, Project Gutenberg™ electronic works, and the medium on which they may be stored, may contain “Defects,” such as, but not limited to, incomplete, inaccurate or corrupt data, transcription errors, a copyright or other intellectual property infringement, a defective or damaged disk or other medium, a computer virus, or computer codes that damage or cannot be read by your equipment.

1.F.2. LIMITED WARRANTY, DISCLAIMER OF DAMAGES - Except for the “Right of Replacement or Refund” described in paragraph 1.F.3, the Project Gutenberg Literary Archive Foundation, the owner of the Project Gutenberg™ trademark, and any other party distributing a Project Gutenberg™ electronic work under this agreement, disclaim all liability to you for damages, costs and expenses, including legal fees. YOU AGREE THAT YOU HAVE NO REMEDIES FOR NEGLIGENCE, STRICT LIABILITY, BREACH OF WARRANTY OR BREACH OF CONTRACT EXCEPT THOSE PROVIDED IN PARAGRAPH 1.F.3. YOU AGREE THAT THE FOUNDATION, THE TRADEMARK OWNER, AND ANY DISTRIBUTOR UNDER THIS AGREEMENT WILL NOT BE LIABLE TO YOU FOR ACTUAL, DIRECT, INDIRECT, CONSEQUENTIAL, PUNITIVE OR INCIDENTAL DAMAGES EVEN IF YOU GIVE NOTICE OF THE POSSIBILITY OF SUCH DAMAGE.

1.F.3. LIMITED RIGHT OF REPLACEMENT OR REFUND - If you discover a defect in this electronic work within 90 days of receiving it, you can receive a refund of the money (if any) you paid for it by sending a written explanation to the person you received the work from. If you received the work on a physical medium, you must return the medium with your written explanation. The person or entity that provided you with the defective work may elect to provide a replacement copy in lieu of a refund. If you received the work electronically, the person or entity providing it to you may choose to give you a second opportunity to receive the work electronically in lieu of a refund. If the second copy is also defective, you may demand a refund in writing without further opportunities to fix the problem.

1.F.4. Except for the limited right of replacement or refund set forth in paragraph 1.F.3, this work is provided to you ‘AS-IS’, WITH NO OTHER WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PURPOSE.

1.F.5. Some states do not allow disclaimers of certain implied warranties or the exclusion or limitation of certain types of damages. If any disclaimer or limitation set forth in this agreement violates the law of the state applicable to this agreement, the agreement shall be interpreted to make the maximum disclaimer or limitation permitted by the applicable state law. The invalidity or unenforceability of any provision of this agreement shall not void the remaining provisions.

1.F.6. INDEMNITY - You agree to indemnify and hold the Foundation, the trademark owner, any agent or employee of the Foundation, anyone providing copies of Project Gutenberg™ electronic works in accordance with this agreement, and any volunteers associated with the production, promotion and distribution of Project Gutenberg™ electronic works, harmless from all liability, costs and expenses, including legal fees, that arise directly or indirectly from any of the following which you do or cause to occur: (a) distribution of this or any Project Gutenberg™ work, (b) alteration, modification, or additions or deletions to any Project Gutenberg™ work, and (c) any Defect you cause.

Section 2. Information about the Mission of Project Gutenberg™

Project Gutenberg™ is synonymous with the free distribution of electronic works in formats readable by the widest variety of computers including obsolete, old, middle-aged and new computers. It exists because of the efforts of hundreds of volunteers and donations from people in all walks of life.

Volunteers and financial support to provide volunteers with the assistance they need are critical to reaching Project Gutenberg™’s goals and ensuring that the Project Gutenberg™ collection will remain freely available for generations to come. In 2001, the Project Gutenberg Literary Archive Foundation was created to provide a secure and permanent future for Project Gutenberg™ and future generations. To learn more about the Project Gutenberg Literary Archive Foundation and how your efforts and donations can help, see Sections 3 and 4 and the Foundation information page at www.gutenberg.org.

Section 3. Information about the Project Gutenberg Literary Archive Foundation

The Project Gutenberg Literary Archive Foundation is a non-profit 501(c)(3) educational corporation organized under the laws of the state of Mississippi and granted tax exempt status by the Internal Revenue Service. The Foundation’s EIN or federal tax identification number is 64-6221541. Contributions to the Project Gutenberg Literary Archive Foundation are tax deductible to the full extent permitted by U.S. federal laws and your state’s laws.

The Foundation’s business office is located at 809 North 1500 West, Salt Lake City, UT 84116, (801) 596-1887. Email contact links and up to date contact information can be found at the Foundation’s website and official page at www.gutenberg.org/contact

Section 4. Information about Donations to the Project Gutenberg Literary Archive Foundation

Project Gutenberg™ depends upon and cannot survive without widespread public support and donations to carry out its mission of increasing the number of public domain and licensed works that can be freely distributed in machine-readable form accessible by the widest array of equipment including outdated equipment. Many small donations ($1 to $5,000) are particularly important to maintaining tax exempt status with the IRS.

The Foundation is committed to complying with the laws regulating charities and charitable donations in all 50 states of the United States. Compliance requirements are not uniform and it takes a considerable effort, much paperwork and many fees to meet and keep up with these requirements. We do not solicit donations in locations where we have not received written confirmation of compliance. To SEND DONATIONS or determine the status of compliance for any particular state visit www.gutenberg.org/donate.

While we cannot and do not solicit contributions from states where we have not met the solicitation requirements, we know of no prohibition against accepting unsolicited donations from donors in such states who approach us with offers to donate.

International donations are gratefully accepted, but we cannot make any statements concerning tax treatment of donations received from outside the United States. U.S. laws alone swamp our small staff.

Please check the Project Gutenberg web pages for current donation methods and addresses. Donations are accepted in a number of other ways including checks, online payments and credit card donations. To donate, please visit: www.gutenberg.org/donate.

Section 5. General Information About Project Gutenberg™ electronic works

Professor Michael S. Hart was the originator of the Project Gutenberg™ concept of a library of electronic works that could be freely shared with anyone. For forty years, he produced and distributed Project Gutenberg™ eBooks with only a loose network of volunteer support.

Project Gutenberg™ eBooks are often created from several printed editions, all of which are confirmed as not protected by copyright in the U.S. unless a copyright notice is included. Thus, we do not necessarily keep eBooks in compliance with any particular paper edition.

Most people start at our website which has the main PG search facility: www.gutenberg.org.

This website includes information about Project Gutenberg™, including how to make donations to the Project Gutenberg Literary Archive Foundation, how to help produce our new eBooks, and how to subscribe to our email newsletter to hear about new eBooks.