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Treasure Hunting & Metal Detecting Forum Message Boards - Detector Hunter Whites Minelab Tesoro XP > Treasure Hunting > Legendary Treasures > Knights of the Golden Circle >

J. Edgar Hoover on Jesse Woodson James

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raterry

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	Re: J. Edgar Hoover on Jesse Woodson James « Reply #30 on: February 08, 2010, 10:34:37 am »

Found this page giving the location, date and amount of monies allegedly taken by the James/Younger gang.

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http://stjosports.net/allegedrobberiesofjessejames.aspx

The grand total from their robberies: $226,245 in cash terms.

It looks like the James/Younger gang didn't care who they robbed. If they were adding to the KGC's coffers, they were not doing a good job of it.

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	Re: J. Edgar Hoover on Jesse Woodson James « Reply #31 on: February 08, 2010, 11:10:12 am »

While $226,245.00 doesn't sound like a whole lot right now, it was a boat loat of money in the mid-late 1800's

Using various ways of determing it's value in the US in 2008 (last accurate numbers available) based on an average 1870 baseline for when the money was stolen, that same $226,245.00 would be worth:

$3,850,689.90 using the Consumer Price Index
$3,561,571.98 using the GDP deflator
$27,260,929.23 using the unskilled wage
$55,334,796.31 using the nominal GDP per capita
$422,280,021.64 using the relative share of GDP

It was a lot of money for the time.

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« Last Edit: February 08, 2010, 11:18:09 am by bigwater »	Logged

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	Re: J. Edgar Hoover on Jesse Woodson James « Reply #32 on: February 08, 2010, 12:48:38 pm »

Raterry and Bigwater, your two posts taken together put a lot of things in perspective... I especially like that both of you have provided information that is independently verifiable by others.

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	Re: J. Edgar Hoover on Jesse Woodson James « Reply #33 on: February 08, 2010, 12:59:54 pm »

	Quote:	Posted by bigwater
While $226,245.00 doesn't sound like a whole lot right now, it was a boat loat of money in the mid-late 1800's Using various ways of determing it's value in the US in 2008 (last accurate numbers available) based on an average 1870 baseline for when the money was stolen, that same $226,245.00 would be worth: $3,850,689.90 using the Consumer Price Index $3,561,571.98 using the GDP deflator $27,260,929.23 using the unskilled wage $55,334,796.31 using the nominal GDP per capita $422,280,021.64 using the relative share of GDP It was a lot of money for the time.

You are correct, but I think we both missed one thing. Face value is one thing, but I think that a lot of those coins and bills would bring more on the collectors market. That would of course depend on condition of those coins and bills.

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	Re: J. Edgar Hoover on Jesse Woodson James « Reply #34 on: February 08, 2010, 01:17:13 pm »

Oh certainly, but collectability wasn't on the minds of the thieves at that time. Even a $20 score from a robbery represented what would be a full month's worth of honest wages for the whole gang had they chosen to take jobs instead of stealing. Most unskilled laborers coming out of the Civil War were lucky if they could find a job making five cents an hour. A $5,000 score represented more money than anybody they knew would ever honestly earn in a lifetime. To steal over $225,000.00 in that era is a monumental feat. If you can't respect them for their dishonesty, you certainly have to respect them for their resourcefullness.

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« Last Edit: February 08, 2010, 01:52:53 pm by bigwater »	Logged

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	Re: J. Edgar Hoover on Jesse Woodson James « Reply #35 on: February 09, 2010, 10:06:10 am »

Yes, but

	Quote:	Posted by bigwater
Oh certainly, but collectability wasn't on the minds of the thieves at that time. Even a $20 score from a robbery represented what would be a full month's worth of honest wages for the whole gang had they chosen to take jobs instead of stealing. Most unskilled laborers coming out of the Civil War were lucky if they could find a job making five cents an hour. A $5,000 score represented more money than anybody they knew would ever honestly earn in a lifetime. To steal over $225,000.00 in that era is a monumental feat. If you can't respect them for their dishonesty, you certainly have to respect them for their resourcefullness.

Yes, but today, all we can do while we are out in the field detecting, especially while near areas that those robberies occurred, is hope that we can find some of those coins and bills that may have been hidden or dropped out of a bag while in the process of escaping.

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	Re: J. Edgar Hoover on Jesse Woodson James « Reply #36 on: March 19, 2010, 10:02:36 am »

I have seen the History Channel program. Could those coins found been put in the ground by other people traveling the trails nearby and used that spot for some shelter, brueid the coins and forgot about them?
I have seen the History Channel program. Could those coins found been put in the ground by other people traveling the trails nearby and used that spot for some shelter, brueid the coins and forgot about them?

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	Re: J. Edgar Hoover on Jesse Woodson James « Reply #37 on: March 19, 2010, 10:18:23 am »

I wonder if Jesse James ever came down New Mexico way? Shocked

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Hello from Estancia..

Historic Estancia Valley New Mexico

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	Re: J. Edgar Hoover on Jesse Woodson James « Reply #38 on: March 19, 2010, 10:59:15 am »

McIntosh, there are legends that Jesse not only visited New Mexico (apparently to escape the "heat") but that he met with Billy the Kid in Las Vegas, New Mexico.

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	Re: J. Edgar Hoover on Jesse Woodson James « Reply #39 on: March 19, 2010, 11:39:22 am »

Hmmm...

Any idea where I may be able to read any of these legends? I know Doc Holliday was a barkeep here in Estancia NM and knew Billy the Kid when he passed through here. Wonder if all three knew each other wile here? One thing about it tho, after they left estancia, heading north, they would have had to stop on this 10 acre site I play on in order to have access to water before crossing the dry areas & mountains going to Las Vegas NM.

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