OPEN QUESTION No. 2: Did Joshua Norton Really Arrive in San Francisco With a $40,000 Inheritance That He Built Into a Quarter-Million-Dollar Fortune in 3 Years?
According to the "received" version of the Emperor Norton story: Joshua Norton inherited $40,000 from his father's estate. At around the same time, news of the Gold Rush reached South Africa. Joshua sailed west to seek his fortune in San Francisco, where he arrived in November 1849 with the $40,000 — a nest egg that he parlayed into $250,000 within three years.
But is this how it really went down? Not likely, according to the available evidence.Read More