9/25/1997 NOTES From The White County Historical Society Library

White County Historical Society Library
by Charlene Shields!
This article appeared in THE CARMI TIMES
September 25, 1997

Account of Andrew Jackson Hanks

A few months ago this column carried an account of Andrew Jackson Hanks, an entrepreneur who ran a ferry boat, sold whisky, taught school, farmed and ran a black-smith shop, a store and a boarding house. It was mentioned that one of his books still exists. A descendant, Maxine Hanks Grimwood of Crossville, has this book.
Recently a visitor from Missouri asked to see this book. With some trepidation, we borrowed this old book long enough to make a copy. This is on file in our library.
This is an arithmetic textbook dated 1831 which Mr. Hanks had made for use at his school.
Written in fine Spencerian penmanship, it is embellished with fancy printing and writing at the headings of pages.
I'm wondering if any of us could make a good grade if we tried to work the problems. Some of them are:
What is the interest on 350 pounds, 17 shillings at 8% for one year?
What is the interest on 700 pounds, 168 shillings for 5 years at 6% per annum?
What is the interest on $428.25 for 5 years at 6% per annum?
On a mortgage for $1,256, there is 4 years interest due at 6% per annum which is to be paid with the principal. What sum will discharge the debt?
What is the interest on 350 pounds for 3 years and 10 months at 5% per annum?
A factor has sold goods for a merchant in the amount of 30 pounds, 10 shillings. He is to receive a 3 1/4% commission. What sum is due him?
What is the compound interest on 500 pounds for 3 years at 5%?
What is the present worth of $430.67 due in 19 months with discount at 5% per annum?
What is the present worth of 100 pounds, 1/2 due in 4 months and the other 1/2 in 8 months, with discount at 5% per annum?
These problems are out of the beginning of the book. The work becomes progressively more difficult.
At a time when frontier schools were scarce and many could neither read nor write, one wonders where Mr. Hanks obtained his knowledge and if he turned out scholars proficient in this type of arithmetic.

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