[George Washington: Farmer by Paul Leland Haworth]@TWC D-Link bookGeorge Washington: Farmer CHAPTER XVI 3/13
As a result of his marriage he had some money upon bond. For his military services in the French war he received large grants of land and the payment during the Revolution of his personal expenses, and as President he had a salary of twenty-five thousand dollars a year. Yet another difficulty discloses itself when we come to examine his cash accounts.
We find, for example, that from August 3, 1775, to September, 1783, leaving out of the reckoning his military receipts, he took in a total of about eighty thousand one hundred sixty-seven pounds.
What then more simple than to divide this sum by seven and ascertain his average receipts during the years of the Revolution? But when we come to examine some of the details more closely we are brought to pause.
We discover such facts as that in 1780 a small steer, supposed to weigh about three hundred pounds, brought five hundred pounds in money! A sheep sold for one hundred pounds; six thousand five hundred sixty-nine pounds of dressed beef brought six thousand five hundred sixty-nine pounds; the stud fee for "Steady" was sixty pounds.
In other words, the accounts in these years were in depreciated paper and utterly worthless for our purposes.
<<Back Index Next>> D-Link book Top TWC mobile books
|