“One dollar and 87 cents.†Those are the opening lines to O. Henry’s “The Gift of the Magi,†the Christmas classic about a couple struggling and each wanting to buy a gift for the other. That was in 1906, when a dollar bought something.
Most people know the story: Jim sells his watch to a jeweler so he can buy Della a set of beautiful brushes. Meanwhile, she’s undergoing the same struggle and agrees to sell her hair to buy Jim a gold watch fob. Christmas Day, they realize that neither can use the gift: His watch is gone, as is her hair, but they console one another with the assurance her hair will grow back.
One dollar and 87 cents. That must have been a lot in those days.
Each month as I examine our bank statement, I feel reassured that we will probably not end up in the poor house, as was the fear for Jim and Della. And of course, I realize that the money the couple had in the “Gift,†by today’s standards, would scarcely buy a cup of coffee.
Remember when it was common for a local street mendicant to stop you as you entered a restaurant, and ask, “Can you spare a dime for a cup of coffee�