Leadership

Columbus’ Expenses $7500.

Issue 17 and Volume 1893 13.

Columbus’ Expenses $7500. One more detail has been added to our knowledge concerning the first voyage of Columbus. Professer Ruge, a German geographer, has been searching into the financial accounts of the voyage, and makes it out that the cost of the world-discovering expedition was 1,140,000 maravedis, or in modern American money, about $7500. The admiral himself was paid at the rate of $320 a year; the captains got $192 each, the pilots from $132.50 to 153.50, the surgeons $38.20, and the sailors $30.60. Men were cheap in those days, of course, and the small sums mentioned possessed a purchasing power many times that which they do in 1893. Nevertheless, in its financial aspects, as in its social, religious, and political effects, the voyage of Columbus stands as the greatest venture in the world’s history. No $7500 investment ever brought such returns.

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