MILLIONS IN SILVER
AMERICAN TREASURE
TRANSFER TO IMPREGNABLE VAULT
NEW YORK, July 6,
One of the greatest transfers of treasure in modern history began today when motor-trucks started to convey the United States Treasury's silver 1 stores to an impregnable vault erected in the military reserve at West Point.
The treasure comprises bars of metal weighing 721b and totalling 70,000 tons, with a market value of 1,376,000,000 dollars and a statutory value of 4,128,000,000 dollars.
It will take from six to eight months to carry the treasure from New York to West Point by 25 lorries running five days a week. The cost of the transfer will exceed 100,000 dollars.
Coast guards with machine-guns are conveying 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
Evening Post, Volume CXXVI, Issue 7, 8 July 1938, Page 9
Word Count
135MILLIONS IN SILVER Evening Post, Volume CXXVI, Issue 7, 8 July 1938, Page 9
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