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POVERTY BECAUSE OF UNBELIEF

On the corner of Park Row and Beekman Street, New York City, where Horace Greeley’s Statue now stands, stood a man offering $20 gold pieces for $1 each. All day he kept up loudly announcing his wares, but of the thousands that passed him, most paid no attention and others either laughed or scowled at him.

About 15 minutes before six o’clock, when he was about to quit, a woman timidly approached him and, after carefully investigating the gold piece, by biting it and testing its sound, but throwing it on the pavement, she reluctantly paid the dollar and pocketed the golden double eagle. Ten minutes later, just as the man was about to go home, the woman reappeared accompanied by two friends and between them they purchased the rest of the man’s stock, worth $160, for $8 in bills.

The next and for several following mornings, the street was crowded for blocks with the same woman in the lead waiting for the vender of gold coins, but he never appeared again.

This story is known to be true and Horace Greeley is responsible for the incident in demonstration of his theory that most poverty is due to the fact that the general public refuses to believe even in the face of overwhelming evidence and there is the point.

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