Saturday, February 28, 2015

More on Louis Elg - icehouse fire

The Caldwell Tribune, June 27, 1896, p. 1
 

I came across this notice while searching the digital newpaper archives of The Library of Congress ( http://chroniclingamerica.loc.gov/ ).  The loss to Mr Elg of USD 1500 translates to at least 36 900 USD today – or as much as 1.6 MUSD, depending on the method used to compute the current value. For the complexities of understanding the historic value of money, see http://www.measuringworth.com/uscompare/ .