Chicago Tribune – Sunday July 7, 1940 – Page 50
Raising Money for the Red Cross
Lillian Gish, Percy Waram, and the other members of the “Life With Father” company at the Blackstone theater have already raised approximately $1,200 for the Red Cross and other war relief organizations. Every member of the company, including actors, house staff and backstage crew, makes a voluntary weekly contribution from his salary. Miss Gish, it seems, is noted for her susceptibility to charitable appeals. By the simple expedient of selling her autograph instead of giving it away, she has raised about $100 in two months for Orphans of the Storm, Irene Castle McLaughlin’s dog shelter. This is partly a nostalgic gesture, of course, for Mrs. McLaughlin’s haven derives its name from a celebrated David Wark Griffith silent movie in which Miss Gish was starred.
** According to the Bureau of Labor Statistics consumer price index, today’s prices in 2020 are 1,741.41% higher than average prices since 1940. The U.S. dollar experienced an average inflation rate of 3.71% per year during this period, causing the real value of a dollar to decrease. In other words, $1 in 1940 is equivalent in purchasing power to about $18.41 in 2020, a difference of $17.41 over 80 years. The 1940 inflation rate was 0.72%. The current year-over-year inflation rate (2019 to 2020) is now 0.65%.