Across America; Or, The Great West and the Pacific CoastRusling, James Fowler
History
Across America; Or, The Great West and the Pacific Coast
Rusling, James Fowler
Overland journeys to the Pacific; Pacific States -- Description and travel; West (U.S.) -- Description and travel
Here in San Francisco, our National greenbacks were no longer a legal
tender, but everything was on a coin basis. Just as in New York,
you sell gold and buy greenbacks, if you want a convenient medium
of exchange, so here we had to sell greenbacks and buy gold. A dime
was the smallest coin, and "two bits" (twenty-five cents) the usual
gratuity. A newspaper cost a dime, or two for twenty-five cents--the
change never being returned. Fruits and vegetables were cheap, but
dry-goods, groceries, clothing, books, etc., about the same in gold,
as East in greenbacks. The general cost of living, therefore, seemed
to be about the same as in New York, _plus_ the premium on gold.
California and the Pacific slope generally had refused to adopt the
National currency, and it was still a mooted question whether they
had lost or gained by this. At first, they thought it a great gain to
be rid of our paper dollars; but public opinion had changed greatly,
and many were getting to think they had made a huge mistake, in not
originally acquiescing in the national necessity. The prosperity of
the East during the war, and the pending sluggishness of trade on
the Coast (still continuing), were much commented on, as connected
with this question of Coin _vs._ Greenbacks; but it was thought too
late to remedy the matter now. This hostility to our Greenbacks
did not seem to arise from a want of patriotism, so much as from
a difference of opinion, as to the necessity or propriety of their
using a paper currency, when they had all the gold and silver they
wanted, and were exporting a surplus by every steamer. If there was
a speck of Secession there at first, California afterwards behaved
very nobly, especially when she came with her bullion by the many
thousands to the rescue of the Sanitary Commission; and Starr King's
memory was still treasured everywhere, as that of a martyr for the
Union. The oncoming Pacific Railroad was constantly spoken of, as
a new "bond of union," to link the Coast to the Atlantic States as
with "hooks of steel;" and, evidently, nothing (unless it may be the
Chinese Question) can disturb the repose of the Republic there, for
long years to come. The people almost universally spoke lovingly
and tenderly of the East, as their old "home," and thousands were
awaiting the completion of the Railroad to go thither once again.
Public-domain text, read in full here on John Shaqi.
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