GREAT TRANSFER OF TREASURE
American Silver Stores
IMPREGNABLE VAULT BUILT
Bv Telegraph—Press Assn.—Copyright.
(Received July 7, 7.5 p.m.)
New York, July C.
One of the greatest transfers of treasure in modern history began to-day when motor-trucks started to convey tiie United States Treasury’s silver stores to an impregnable vault erected n the military reserve at West Point. The treasure comprises bars of metal •eighing 721 b. and totalling 70,000 tons, .’itli a market value of 1,37(1.000,000 oilers and a statutory value of 128,000,000 dollars. It will take from six to eight months carry the treasure from New York o West Point by 25 lorries running ive days a week. The cost of the transer is in excess of 100,000 dollars.
Coast guards with machine-guns are •onveylng the trucks to the storehouse, which is elaborately safeguarded by radio control and military patrols, and is considered impregnable.
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Bibliographic details
Dominion, Volume 31, Issue 241, 8 July 1938, Page 11
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145GREAT TRANSFER OF TREASURE Dominion, Volume 31, Issue 241, 8 July 1938, Page 11
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