3359. Local Or Relative Time
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This section is from the book "Facts Worth Knowing", by Robert Kemp Philip. Also available from Amazon: Inquire Within for Anything You Want to Know.
3359. Local Or Relative Time
Local time is that which is shown by our common clocks. It indicates the time at any given place, the meridian of that place being the standard from which it is reckoned; therefore, the time or the clocks at any two places will differ by the difference of their meridians. Thus, when it is noon at New York, or when the Sun is on its meridian, the Sun at that instant at Washington is east of the meridian of that place, because the meridian of New York is east of Washington; therefore, the clocks at Washington will be earlier or slower than those in New York, by the time the Sun takes to go from the meridian of New York to the meridian of Washington - viz., 12 minutes 2 seconds. Hence, when it is 12 o'clock M. at New Orleans and St Louis, it is 1 o'clock, P.M. at Philadelphia, which is a difference of one hour for every fifteen degrees of longitude. By this regulation, the Sun is made to come to the meridian of every place about 12 o'clock. It is incomprehensible to many how it can be true that the Sun rises and sets at the same time at all places on the same latitude around the world. The difference of local time will account for this. It is not to be understood that when the sun rises at Boston at 6 o'clock, that it is then, at that instant of absolute time, rising at every place on the same latitude; but that at all places on that latitude, when the Sun rises, it will be 6 o'clock by the time-pieces of those places. The Sun will go from the horizon of Philadelphia, west to the horizon of St. Louis, in an hour.
Table Showing Difference Of Time At 12 O'clock (Noon) At New York.
New York........................ | 12 00 | N. | Boston....................... | 12.12 | P.M. |
Buffalo................. | 11.40 | A.M. | Quebec.................. | 1212 | ,, |
Cincinnati...................... | 11.18 | ,, | Portland...................... | 12.15 | ,, |
Chicago.................... | 11.7 | ,, | London........................ | 4.55 | ,, |
St. Louis........................ | 10 55 | " | Paris..................... | 5.5 | ,, |
San Francisco..................... | 8.45 | ,, | Rome............................. | 5.45 | ,, |
New Orleans......................... | 10.56 | ,, | Constantinople...................... | 6.41 | ,, |
Washington.......................... | 11.48 | ,, | Vienna......................... | 6.09 | ,, |
Charleston....................... | 11.36 | ,, | St. Petersburg,....................................... | 657 | ,, |
Havana............................ | 11.25 | ,, | Pekin, night.................... | 12.40 | A.M |
AT SIX PER CENT.. IN DOLLARS AND CENTS, FROM ONE DOLLAR TO TEN THOUSAND.
1 day. | 7 days. | 15 days. | 1 mo. | 3 mos. | 6 mos. | 12 mos. | |
$ | $ c. | $ c. | $ c. | $ c. | $ c. | $ c | $ c. |
1 | 00 | 00 | 001/4 | 00 1/2 | 01 1/2 | 03 | 06 |
2 | 00 | 00 1/4 | 00 1/2 | 01 | 03 | 06 | 12 |
3 | 00 | 00 1/4 | 00 3/4 | 0 1/2 | 04 1/2 | 09 | 18 |
4 | 00 | 00 1/2 | 01 | 02 | 06 | 12 | 24 |
5 | 00 | 001/2 | 01 1/4 | 02 1/2 | 07 1/2 | 15 | 30 |
6 | 00 | 00 3/4 | 01 1/2 | 03 | 09 | 18 | 36 |
7 | 00 | 00 3/4 | 01 1/2 | 03 1/2 | 10 1/2 | 21 | 42 |
8 | 00 | 01 | 02 | 04 | 12 | 24 | 48 |
9 | 00 | 01 | 02 1/4 | 04 1/2 | 13 1/2 | 27 | 54 |
10 | 00 | 01 1/4 | 02 1/2 | 05 | 15 | 30 | 60 |
20 | 00 1/4 | 02 1/2 | 05 | 10 | 30 | 60 | 1 20 |
30 | 00 1/2 | 03 1/2 | 07 1/2 | 15 | 45 | 90 | 1 80 |
40 | 00 3/4 | 04 1/2 | 10 | 20 | 60 | 1 20 | 2 40 |
50 | 01 | 06 | 12 1/2 | 25 | 75 | 1 50 | 3 00 |
100 | 01 1/2 | 11 3/4 | 25 | 50 | 1 50 | 3 00 | 6 00 |
200 | 03 | 23 1/2 | 50 | 1 00 | 3 00 | 6 00 | 12 00 |
300 | 05 | 35 | 75 | 1 50 | 4 50 | 9 00 | 18 00 |
400 | 07 | 46 1/2 | 1 00 | 2 00 | 3 00 | 12 00 | 24 00 |
500 | 08 | 58 1/2 | 1 25 | 2 50 | 7 50 | 15 00 | 30 00 |
1000 | 17 | 1 16 1/2 | 2 50 | 5 00 | 15 00 | 30 00 | 60 00 |
2000 | 33 | 2 33 1/2 | 5 00 | 10 00 | 30 00 | 60 00 | 120 00 |
3000 | 50 | 3 50 | 7 50 | 15 00 | 45 00 | 90 00 | 180 00 |
4000 | 07 | 4 66.1 | 10 00 | 20 00 | 60 00 | 120 00 | 240 00 |
5000 | 83 | 5 83 1/2 | 12 50 | 25 00 | 75 00 | 150 00 | 300 00 |
10000 | 1 67 | 11 66 | 25 00 | 50 00 | 150 00 | 300 00 | 600 00 |
1 | 00 | 00 | 00 1/4 | 00 1/2 | 01 3/4 | 03 1/2 | 07 |
2 | 00 | 00 1/4 | 005 | 014 | 035 | 07 | 14 |
3 | 00 | 00 1/2 | 00 3/4 | 00 3/4 | 054 | 10 1/2 | 21 |
4 | 00 | 00 1/2 | 01 | 02 1/8 | 07 | 14 | 28 |
5 | 00 | 00 3/4 | 00 1/2 | 03 | 08| | 17 1/2 | 35 |
6 | 00 | 00 3/4 | 01 3/4 | 03 1/2 | 10 1/2 | 21 | 42 |
7 | 00 | 01 | 02 | 04 | 12 1/4 | 24 1/2 | 49 |
8 | 00 | 01 | 024 | 04 2/3 | 14 | 28 | 56 |
9 | 00 | 01 1/2 | 02 1/2 | 05 1/2 | 15 3/4 | 31 1/2 | 63 |
10 | 004 | 014 | 03 | 05 3/4 | 17 1/2 | 35 | 70 |
20 | 00 /32 | 02 3/4 | 06 | 11 2/3 | 35 | 70 | 1 40 |
30 | 00 1/2 | 04 | 09 | 175 1/2 | 52 1/2 | 1 05 | 2 10 |
40 | 00 3/4 | 05 1/2 | 12 | 23 1/2 | 70 | 1 40 | 2 80 |
50 | 01 | 06 3/4 | 15 | 29 1/4 | 875 | 1 75 | 3 50 |
100 | 02 | 13 1/2 | 29 | 58 1/3 | 1 75 | 3 50 | 7 00 |
200 | 04 | 274 | 58 | 1 16 2/3 | 3 50 | 7 00 | 14 00 |
300 | 06 | 40 3/4 | 87 1/2 | 1 75 | 5 25 | 10 50 | 21 00 |
400 | 08 | 54 1/2 | 1 17 | 2 33 1/8 | 7 00 | 14 00 | 28 00 |
500 | 10 | 68 | 1 46 | 2 91 2/3 | 8 75 | 17 50 | 35 00 |
1000 | 19 1/2 | 1 36 | 2 92 | 5 83 1/3 | 17 50 | 35 00 | 70 00 |
2000 | 39 | 2 7 24 | 5 83 | 11 66 2/3 | 35 00 | 70 00 | 140 00 |
3000 | 58 | 4 0 84 | 8 75 | 17 65 | 52 50 | 105 00 | 210 00 |
4000 | 78 | 5 44 1/2 | 11 67 | 23 33 1/2 | 70 00 | 140 00 | 280 00 |
5000 | 97 | 6 80 1/2 | 14 58 | 29 16 1/2 | 87 50 | 175 00 | 350 00 |
10000 | 1 94 | 13 61 | 29 17 | 58 35 | 175 00 | 350 00 | 700 00 |
3365. Legal Interest and Usury Laws | ||
States | Legal Rate | Penalty for usury |
per Ct. | ||
Alabama ............ | ....8.. | .. forfeit interest and usury. |
Arkansas ........... | ....6.. | . . * forfeit usury. |
Connecticut ....... | ....6.... | . .forfeit whole debt. |
Delaware ......... | ....6.. | . .forfeit whole debt. |
Florida ........... | ....8.. | .. forfeit interest and usury. |
Georgia ......... | ....8.. | . .forfeit three times usury. |
Illinois ......... | .......6.... | . .+ forfeit three times usury and interest due |
Indiana ......... | ....6.. | . .forfeit double the usury. |
Iowa ............. | ....7.. | . forfeit three times the usury. |
Kentucky ........ | ....6.. | . .forfeit usury and costs. |
Lousiana ....... | ....5.. | .. § contract exacting usury void. |
Maryland ......... | ....6.. | .. || contract exacting usury void. |
Maine .......... | ....6.. | . .forfeit entire debt. |
Massachusetts ... | ....6.. | . .forfeit three times the usury. |
Michigan ........ | ....7.. | . .forfeit usury and 1/4 the debt. |
Mississippi...... | ....8.. | .. forfeit usury and costs. |
Missouri ........... | ...6.. | . .** forfeit usury and interest. |
New York ......... | ....7.. | .. forfeit entire debt. |
New Hampshire | ....6.. | . .forfeit three times usury. |
New Jersey .......... | ....6.. | .. forfeit entire debt. |
North Carolina.. | ....6.. | . .forfeit double usury. |
Ohio........... | ....6.. | .. contracts void. |
Pennsylvania ........ | ....6.. | . .forfeit entire debt. |
Rhode Island ...... | ....6.. | .. forfeit usury and interest. |
South Carolina .... | .....7.. | . .forfeit usury, interest and costs. |
Tennesse ......... | ...6.. | . .contracts void. |
Texas.... | ...10.. | . -contracts void. |
Vermont ........ | ....6 .... | . .recovery in action with costs. |
Virginia .......... | ....6.. | . .forfeit double the usury. |
Wisconsin ........ | ...7.. | ..+ + |
Dist Columbia.. | ....6.. | .. contracts void. |
By special contract as high as 10 per cent.
" " " " " 12 " " " " " " 12 "
Banks allowed........................................6 "
8 per cent, allowed on abacco contracts By contract as high as 10 per cent.
" " " " 10 " ft Any rate agreed upon by the parties.
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