L.C. BAKER
Silver Member
- Thread starter
- #501
franklin:
You are a remarkable authority regarding a book you haven't read.
Many Hollywood actors today earn $20M a year. Although I question your multiple of 1,000 to translate 1865 monetary values to 2017.
I did not suggest President Davis robbed the Confederate Treasury. Apparently you didn't bother to read my post. He was accused of using Confederate gold for his personal gain but I don't believe that story.
I will confess to some personal confusion regarding how money sent overseas could devalue the American dollar.
Good luck to all,
The Old Bookaroo, CM
Gold price was in 1868 was $27.95 an ounce. That is over 2.25 lbs pounds of gold per $1000. One million dollars worth of gold was 2,236 lbs. Unless of course it was in diamonds i suppose. A man would have to have a wagon and a team of oxen to move a million dollars in 1868. Lucky for Booth, his Brothers in Nebraska City could supply one for him in a Government wagon train for protection!
L.C.