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Offline salvor6Topic starter
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« on: January 23, 2009, 10:45:17 am »
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Here is a good article about the Confederate treasury. Although there are a few mistakes:

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« Last Edit: December 06, 2009, 03:29:05 pm by GoldDigger1950 »
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« Reply #1 on: January 29, 2009, 09:01:36 am »
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Nice read.  Thanks for the link.

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« Reply #2 on: February 14, 2009, 01:20:32 pm »
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The utter collapse of the Department was confessed by the call for donations from the citizens of the Confederacy. Joint resolutions came from Congress and the Secretary gave official utterance, March 20, 1865, that the Treasury being straitened, it is deemed not incompatible with the public dignity to accept the free-will offerings of a generous people.  Smiley  The final receipts were acknowledged and recorded in family plate, church vessels, jewels, ornaments, rings and personal effects.

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The History of the Confederate Treasury


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« Last Edit: February 14, 2009, 02:29:21 pm by oRo »
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« Reply #3 on: March 06, 2009, 09:27:40 pm »
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THE GEORGIA HISTORICAL QUARTERLY
It is not the purpose of this article to trace in detail the
dramatic events which followed thick and fast upon the col-
lapse of the Confederacy, but to present the facts connected
with the final disposition of the Confederate and private funds
taken away from Richmond at the time of its evacuation by
Mr. Davis.
Strange to say, them facts are not easily available, and
the historians have hitherto not woven the detached and obi-
secure materials into a connecter story.
It is well known that a large amount of gold, silver, bonds,
etc., followed Mr. Davis on his journey southward, and for
many Mears after the War, stories where persistence that Mr.
Davis himaelf appropriated much of these funds to his own
private use. As late as 1881 so distinguished a man as Gen-
eral Joseph E. Johnston in and interview in the Philadelphia
Press strongly intimated that much of this treasure had been
misappropriated by the Confederate officials, and cast grave
reflections upon the integrity of President Davis himself.
These reflections have been   completely and satisfactorily
answerer in the Memoir of Jefferson Davis by his wife, and no
fair minded man in the clear light of the convincing facts can
accused Mr. Davis of misappropriating a single dollars of public
funds. Writers and thinkers may differ concerning the wisdom
of Mr. Davis' political theories and policies, but of his honor,
his courage, and his purity of character there ran not be the
slightest question.
But what became of this treasure? What was its value?
What was its final fate? While the exact amount of the funds
remove is not well known, a very close approximation may
be ascertains from certain statements made in 1881 and 1882,
when the interview with General Joseph E. Johnston appeared
in the Philadelphia Press. Fortunately these statements were
made by officials best qualified to know the facts in the case,
and while they differ slightly in some of the details, it is dear
that the Confederate funds were guarded and handled with
great fidelity, so far as the Confederate officials were Bon-
corned, and that the greater part Peat used to pay off the Con-
federate soldiers to enable them to reach their homes without
suffering.   The remaining part was captured by the Federal
soldiers.
It is necessary to bear in mind that them were two separate
and distinct funds which were brought away from Richmond
under the same guard and on the same train. One was the
public fund of the Confederate Government, and the other the
private property of certain Virginia banks whose officers de-
cided to seek safety and protection for their funds under the
same military escort provided for the Confederate funds.
Both of these funds as we shall see were transported south-
ward by rail and wagon trains to Danville, Va., Greensboro,
N. C., Charlotte, N. C., Chester, Newberry, and Abbeville,
S. C., and finally to Washington, Ga., where the last meeting of
the Confederate cabinet was held, and where most of the Con-
federate treasure was disbursed.
Let us follow first the history of the Confederate funds.
From the Recollections of a Naval Officer, by Captain
William H. Parker ( 1883), from a letter by General John F.
Wheless published in the Southern Historical Society Papers,
Vol. X, pp. e37-14x (1880), and from various other sources, the
following condensed statement of the movements of the
treasure is made.   Captain Parker was the commander of the
naval training ship Patrick Henry, then stationed near Rich-
mond, and General Wheless was at the time paymaster of this
ship. Both were with the treasure train during the entire
period of its movements from Riclunond.
On April a, 1865, Captain Parker was ordered by Mr.
Mallory, the Secretary of the Navy, to take charge of the
treasure train at Richmond with about sixty of the midship-
men under hiscommand, and to guard it on its perilous
journey.   Ten of the midshipmen were left behind with Lieut.
Billups to destroy the Patrick Henry.   Among this gallant
escort were many of them ost promising young men of the
South, a number of whom have since become distinguished.
The train bearing this treasure, whose character and value
are given elsewhere, together with the funds of the Virginia
banks, to be treated later, the families of Mr. Davis and of
some of the Cabinet members, and the armed escort under
Capt. Parker, left Richmond on the night of April 2nd, and
arrived at Danville, Va., on the afternoon of April 3rd. Presi-
dent Dana and his cabinet were here.   The treasure was not
unpacked from the cars at Danville, except to make some pay-
ments for the use of the government.   The treasure train
remained in Danville till about April 6, when it proceeded to
Greensboro, N. C., where $39,00p in silver was, by official
order, paid out per capita to the officers, soldiers, and em-
ployees of Johnston's army.   General Beauregard states that
his share of this fund was $.13. Thence the treasure was
removed to Charlotte, N. C., and was deposited in the mint
This was about April 8. Here the guard lost increased to
about 15o men. On or about April 1 r. the treasure was trans-
ferred by rail to Chester, S. C. From this poim southward
the railroads had been destroyed by Sherman's troops, and the
treasure was packed into wagons and transferred to Newberry,
S. C. At this point the treasure was again transferred from
the wagons to the cars and carried to Abbeville, S. C. Here
Mrs. Davis and her party were left, and the treasure again
being transferred to wagons, was carried to Washington, Ga.,
deposited in a bank vault, and a strong guard placed over it.
The danger of capture by Federal troops was constantly in-
creasing, and after deliberating one day, Captain Parker took
the treasure by railroad to Augusta. The treasure was not
unpacked from the cars in Augusta, but it was kept under
strong guard. The conditions in Augusta proving very dmger-
ous, Captain Parker decided to take the treasure back to
Washington and Abbeville and place it in immediate charge of
President Davis and his escort, which he knew was moving
southward along the line of his own recent journey. The
treasure left Augusta for Washington on April 23.
At Washington the treasure was once more packed into
wagons and transferred back to Abbeville where it arrived
about April 28, and was stored in a warehouse on the public
square. On the way back to Abbeville Captain Parker met
Mrs. Davis and her party on the way southward.
About ten o'clock A. M., on May 2, Mr. Davis with his
escort rode into Abbeville.   He had with him several members
of his cabinet, and four skeleton brigades of Cavalry, viz
Duke's, Dibrell's, Ferguson's and Vaughan's. Mr. Trenholm,
the Confederate Secretary of the Treasury, being left ill near
the Catawba river, Mr. Davis appointed Mr. Reagan, the
Postmaster General, Acting Secretary of the Treasury, and
into his hands Captain Parker by order of Mr. Mallory, the
Secretary of the Navy, turned over the treasure which had
been so carefully guarded for nearly a month. Upon the order
of Mr. Reagan, Captain Parker delivered the treasure to Gen-
eral Basil Duke at the railroad station. By order of Mr. Mal-
lory, and without the knowledge of Mr. Davis, Capt. Parker
immediately disbanded his command, and from Abbeville he
returned to Virginia.
The treasure was once more loaded upon wagons and car-
ried back to Washington. Before leaving Abbeville, however,
Captain Parker sent his paymaster, Mr. Wheeless, back to
Washington and obtained from the Acting Treasurer $1,5oo,
which he divided pro rata among his men. At the same time
Mr. Wheless obtained  from the treasury for Lieutenant
Bradford of the Marines who was under orders for dm Trans-
Mississippi Department. This was paid to Lieutenant Brad-
ford in Washington.
At Washington the final disbursement by the Confederate
officials took place as shown below.
The following is an extract from a letter of Mr. Reagan
to President Davis, written several years after the War (see
Memoir of Jefferson Davie, by his wife)
.1 understand from the verbal statement of Mr. Trenholm,
on his turning over the business of the Treasury Department
to me, that there was in the Confederate Treasury some eighty-
five thousand dollars in gold coin and bullion; some thirty-
five thonmnd dollars in silver coin; about thirty-six thousand
dollars in silver bullion, and some six or seven hundred thou-
sand in Confederate Treasury notes; besides some sixteen or
eighteen thousand pounds sterling in Liverpool acceptances.
"You will remember that the silver coin and an amount of
gold coin about equal to the silver bullion, was paid out to the
troops before they or the money reached Washington. There
I directed an acting treasurer to turn over to two of our naval
officers, whose names I do not now remember, most of the
gold coin and bullion; with the understanding between us all,
before you left Washington, that as soon as the excitement
subsided a little, they were to take this out to Bermuda or
Liverpool, and turn it over to. our agents, that we might draw
against it after we should get across the Mississippi river.
I directed him to 'turn the silver bullion over to Major Moses,
as it was too bulky and heavy to be managed by us in our then
condition ; and I saw Moses putting it in a warehouse in Wash-
ington before I left there. I also directed him to burn the
Confederate notes in the presence of Genera/ Breckinridge and
myself. The acceptances on Liverpool were turned over to
me, and were taken by the Federal forces with my other papers
when we were captured. You were not captured until several
days after the disposition of all these funds, as above stated.
These constitute, as I remember them, about all the material
facts as to the public funds, and as to the money of the Rich-
mond banks."
On May 4, President Davis appointed M. H. Clark, Esqr.,
of Clarksville, Tenn., Acting Treasurer to succeed Mr. Reagan
who had requested the appointment. Mr. Clark, in an in-
terview in the Louisville Courier Journal of January 13, 188x,
speaks as follows:
"I will state as briefly as possible my connection with the
Confederate Treasure.
"The President from Danville proceeded to Charlotte, N. C.
We arrived at Abbeville, S. C., the morning of May a. At
Abbeville, S. C., the Treasury officers reported the train at the
depot, having been a part of the time under the escort of
Admiral Raphael Semmes's little naval force to protect it from
the Federal cavalry, who were raiding on a parallel line with
our route, between us and the mountains. Mr. G. A. Trenholm,
the Secretary of the Treasury, having been left quite ill near
the Catawba river, the President appointed the Postmaster-
General, Honorable John H. Rugan, acting Secretary of the
Treasury, who took charge of that Department, and placed the
gold under charge of the cavalry to convoy it to Washington,
Ga. The party left for Washington that night, and stopped
for breakfast a few miles from Washington. At our breakfast
halt, when the road was taken, Mr. Benjamin came to me and
said 'good-by,' and turned off south from that point. Mr.
Mallory left the party at Washington, Ga., going to a friend's
in the neighborhood.
"Next morning Colonel William Preston Johnston informed
me that Mr. Reagan had applied for me to act as Treasurer,
to take charge of the treasury matters, and I was ordered to
report to him, and doing so was handed my commission, which
is now before me, and reads as follows, viz:
"Washington, Ga., May 4, 1865.
'M. H. Clark, Esq., is hereby appointed Acting Treasurer
of the Confederate States, and is authorized to act as such
during the absence of the Treasurer.
JEFFERSON DAVIS.'
(This was the last official signature President Davis affixed
any Paper).
"Returning to my train to get some necessary articles, Presi-
dent Davis rode up with his party, when what I supposed
were farewell words were passed between us, and my train,
under charge of its Quartermaster, moved out.   The Treasury
train arrived shortly after President Davis' party left, and
being reported at General Basil W. Duke's camp, about a mile
from town, I went there with the proper authority, and he
turned the whole of it over to me. Selecting the shade of a
large elm tree as the 'Treasury Department,' I commenced
my duties as 'Acting Treasurer, C. S.'
"Now for the specie of the Treasury.
"It must be remembered that a month or more before the
evacuation of Richmond, Va., for the relief of the people, the
Treasury Department had opened its Depositories and had
been selling silver coin, the rate being fixed at $6o for $1 in
coin. While at Danville, Va., the Treasury Department re-
sumed these sales, the rate there being $70 for $0.
"About $40,000 in silver, generally reported (and no doubt
correctly) at $39000, was left at Greensborough, N. C., as a
military chest for the forces   there, under charge of the
Treasurer, Mr. John C. Hendren; all of the balance was
turned into my hands, which amounted in gold and silver
coin, gold and silver bullion, to $288,000.90. Adding the
$39600 left at Greensborough, N. C., the Treasury contained
in coin and bullion, when it left Danville, Va., $37,000.90.
ffif the Treasury at Richmond had contained $2,500,600 in
coin, certainly the brave men of our armies would never have
suffered sorely fro   want of sufficient food and clothing
as they did during themes inter of 1864-65, for it had been
demonstrated that gold could draw food and raiment from
without the lines.   With the train at Washington, Ga., how-
ever, was the specie belonging to the Virginia banks, which
some time before had been ordered to be turned over to their
officers, who had accompanied it out from Richmond, and had
never left it; but the proper officer had not been present to
make the transfer.   It had never been mixed with the Treasury
funds, but kept apart and distinct, and when Acting Secretary
Reagan ordered the transfer to be made, no handling of specie
or counting was necessary, but merely permission for the
cashiers and tellers to take control of their own matters.
I knew them all personally, but my impression is that it seas
about $30,000. General E. P. Alexander has already given
in your columns the after-fate of this fund.
"While at Washington, Ga., communications were received
from General John C. Breckinridge, that payments had been
promised by him to the cavalry from the train, General Brock-
inridge's action was ratified, and President Davis gave some
other directions before he left. General Breckinridge arrived
in Washington, Ga., an hour or so after President Davis left.
My recollection of this statement was that during the night of
the 3rd, en route front Abbeville, S. C., to Washington, Ga.,
he found the cavalry and train at a halt, resting. Stopping,
he learned front the officers that the men were dissatisfied at
the position of affairs; that they were guarding a train which
could not be carried safely much farther; the Federal cavalry
were known to be in full force not a great distance off ; the des-
tination and disposition of their own force was an uncertain one;
their paper money was worthless for their needs ; that they
might never reach Washington, Ga., with it, etc. A crowd
gathered around, when General Breckinridge made them a
little speech, appealing to their honor as Confederate soldiers
not to violate the trust reposed in them, but to remain Southern
soldiers and gentlemen; and that when they reached Washing-
ton with the train fair payments should be made.
The men responded frankly, saying they proposed to
violate no trust; they would guard it, but expressed what they
considered due to them in the matter; and, as they would be
paid some money in Washington, Ga., and no one could tell
what would happen before they reached Washington, there
was no good reason for delay.
"General Breckinridge replied that, if they wished an in-
stant compliance with his promise, he would redeem it at once,
and ordered up the train to the house at which he had stopped,
and had the wagons unloaded; the quartermasters being
ordered to make out their pay-rolls when a certain amount
was counted out and turned over to the proper officers.   The
wagons were then reloaded, and the route was taken up to
Washington, Ga. The boys told me they got about twenty-six
dollars apiece; enough, they hoped, to take them through.
"It is this transaction which has produced so many con-
tradictory statements front men and officers, many seeing
nothing more, and regarding it as the final disbursing of the
Confederate specie. Proper receipts were given and.taken at
the time, and I rated it as if disbursed by myself, and covered
it into the Treasury accounts by the paper of which below is a
copy:
'Confederate States of America.
W.W.I/Zan, Ga., May 4, 1865.
'Honorable J. C. Breckinridge,
Secretary of War:
There is required for payment of troops now on the march
through Georgia, the sum of one hundred and eight thousand
three hundred and twenty-two dollars and ninety cents ($1o8,-
pa.go), to be placed to the credit of Major E. C. White,
Quartermaster.
A. R. LAWTON,
Quartermaster-General.
(Indorsed).
'The Secretary of the Treasury will please issue as re-
quested.
'JOHN C. BRECKINRIDGE,
"Secretary of War.
(Indorud).
'M. H. Clark, Acting Treasurer, will turn over to Major
E. C. White the amount named within, preserving the neces-
sary vouchers, warrant hereafter to be drawn when settle-
ment can be regularly made.
'JOHN H. REAGAN,
'Acting Secretary of Treasury.
(Indorsed).
'Washington, Ga., May 4, 1865.
'Received of M. H. Clark, Acting Treasurer, C. S., the
sum of one hundred and eight thousand three hundred and
twenty-two dollars and ninety cents ($1o8,3ae.90) in specie,
the amount called for by within paper.'
"I obtained permission from General Breckinridge and Mr.
Reagan to burn a mass of currency and bonds, and burnt mil-
lions in their presence.


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« Reply #4 on: June 28, 2009, 11:29:13 am »
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oRo, I love the posting about the confederate gold. Living not a fourty minute drive from Abbeville SC. The Flight of Jeff Davis is well known here with many historical markers and information on where he stopped and who he talked too in Laurens, Newberry, and Abbeville counties. Nothing is marked in Greenwood County.

The greatest rumor on what happened to the Gold and Silver is that it was deposited into the well at the Burke House and the city well at the town square there is Abbeville along with several other home wells in town. which had a distributution of less than a quarter of a mile from the Burke House. But all of this is only a rumor but it makes for good story of a local legend. People have searched the well theory and Nothing was found

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« Reply #5 on: October 20, 2009, 07:56:28 pm »
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Whew, quite a tale!

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« Reply #6 on: December 06, 2009, 11:53:30 am »
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Good book on this subject is "Confederate Treasure in Danville" by J. Frank Carroll.  ISBN 0-933571-49-6

Found it to be very interesting reading

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« Reply #7 on: March 24, 2011, 09:50:26 pm »
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I have been studying this legend of the Lost Confederate Gold.  I live just outside Abbeville and find this most interesting.  The part about hiding the gold in the wells does not seem to be the best location.  It would appear to be too obvious.  I do have some old Confederate money that came out of the walls of the Old Edgefield County Courthouse.  It appears that when Sherman was on his rampage Confederate Officials built a false wall in the court house with the money completely enclosed.  Now something along those lines makes far more sense than depositing it into an "open well"  Then there are the stories of the gold being hidden in the area of the Savannah River, between Abbeville SC and Washington, Ga.  Now if that is the case it would most likely be covered in water by Clarks Hill Lake which was built between 1946 & 1954 and covers some 71,000 acres, in fact the largest man made lake East of the Mississippi River. 

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« Reply #8 on: March 24, 2011, 10:14:48 pm »
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U might want to check ur facts about the Largest Man Made lake east of the Missippi
as Ky Lake is  160,309-acre and then there are a few more that are bigger than Clarks Hill Lake
Just saying. 

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"Kentucky lake is the largest artificial lake by surface area in the United States east of the Mississippi River (though not the largest by volume; Lake Cumberland holds that distinction)."



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"Keep Digging Its Down There Somewhere" Treasure Hunting, Gold and Coins.


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« Reply #9 on: March 24, 2011, 10:51:42 pm »
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Here is where that information came from....If it offended you well man look sorry bout that!!!!  Regardless of the size of the lake the rest still stands!!!!!!

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Clarks Hill Lake Information

Clarks Hill Lake, also known as Lake Strom Thurmond, is a reservoir between Georgia and South Carolina. It was built between 1946 and 1954 by the Army Corps of Engineers at the confluence of the Little River and Savannah River. At 71,000 acres it is the largest man-made lake east of the Mississippi River.

Thurmond Lake is one of the Southeast's largest and most popular public recreation lakes. Built as part of a flood control, hydropower, and navigation project, authorized purposes now include recreation, water quality, water supply and fish and wildlife management. Each year, millions of people utilize the many public parks, marinas and campgrounds conveniently located around the lake to pursue a variety of outdoor recreational experiences, making Clarks Hill one of the 10 most visited Corps lakes in the nation.
Clarks Hill, SC
   
49?F
Clear
Hour-by-hour | 10-day
 

The dam is 22 miles above Augusta Georgia and 239.5 miles above the m

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