Been thinking more on what life was like on the farm after my grandfather passed away.
Consider the cash expenses again – notice there are no bills for electricity, telephone, water, or sewer. Such things weren’t in place.
I’ll guess seed and other critical farm supplies were purchased on credit from Yankton Production Credit. The payment of $2,104 on 9/1/45 would have cleared the loan balance for the year, and perhaps any carryover balance from prior years.
Speculation on non-cash transactions
A few thoughts come to mind on non-cash transactions outside the probate document.
Let’s try bringing together the previous guesses (can’t even call them estimates) of the value of those portions of King Solomon’s wealth that are mentioned in scriptures which we can make a feeble attempt to quantify.
An estimate of the value of chariots, horses, 200 large gold shields, 300 small gold shields, and place settings made of gold:
Life was hard after my grandfather passed from this vale of tears. Any way you look at the income and expenses it is obvious life was hard. Must have been really difficult for my dear paternal grandmother to raise the four kids still at home.
The narratives from my aunts and uncles make that very obvious and the dollar transactions prove it.
Their article, This is how much troops were paid in every major American war, provides the pay for a private in the major wars fought by the U.S. The then-current pay is also adjusted to an equivalent amount of money in 2016. Don’t know how they made the conversion to 2016 dollars. I usually want to look at the conversion rates, but won’t dive deeper for this post.
This info does provide some way of comparing pay rates across time.