Mystery of Lost Confederate GoldBy Wesley Millett and Gerald White, authors of book "The Rebel and the Rose".In April 1865, the Civil War ended for most Americans. The war, and its various aspects, continues to capture the interest and imagination of many Americans who are fascinated by the battles, leaders, and strategy displayed during that conflict. Mysteries endure, too, including the ultimate disposition of the Confederate treasury.
Much of the mystery was engendered by Union officials, who greatly inflated the value of the Confederacy's treasury to several million dollars. This was probably done to increase the incentive to Union soldiers combing the villages and roads of the Carolinas and Georgia for the treasury, and for Confederate President Jefferson Davis, who had fled Richmond. The actual value of the treasury was probably not much more than $500,000.
The trek south of the Confederate government has been well documented in a number of first hand accounts written several years after the war. The authors were primarily participants in the evacuation of Richmond and they included Confederate cabinet officials, army officers, and treasury employees. Many of the accounts were published in the papers of the Southern Historical Society, in an effort to dispel rumors that Davis took the money for himself and his family. One treasury clerk ? in particular, Micajah Clark ? provided a detailed accounting of the disposition of the funds.
An aspect of the treasure that Clark omitted concerned the fate of 39 kegs of Mexican silver dollars. These were coins that the Confederacy received through the sale of cotton to Mexico. The Mexican coins had been transported to Danville, Virginia, and when the Davis party was forced to move further south, primarily by wagon, the more than 9,000 pounds of silver would have considerably slowed down the procession. For this reason, the coins were almost certainly buried in Danville, and evidence suggests, they remain there today.
Read Full StoryAll Recent News 
Posted 05/20/2008 12:05 am
