The High Cost

In the early gold rush years, the cost of living in San Francisco remained high, with exorbitant prices for meats, butter, and eggs. Merchants faced additional expenses such as insurance, freight rates, and fees to pilots and wharf owners. Despite the financial challenges, Levi's business thrived, shipping over $200,000 worth of treasure to New York in 1856. The doubling of taxes and city expenses in San Francisco reflected the need to address fires, bank failures, and the dumping of unsold goods.