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Confederate Treasure

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The year was 1865, and the American Civil War was drawing to a close. As the Union army marched the final path to victory, however, Confederate Secretary of the Treasury George Trenholm made one last effort to preserve the South's assets: he liquidated them. While a veritable fortune in gold, silver, and jewels had been carried by President Jefferson Davis and his men when they abandoned Richmond, Va., when they were captured, it was all gone. All of it, save a few confederate banknotes. And the most improbable part of all was the staggering 9,000 pounds of Mexican silver dollars that seemed to simply have vanished. Dozens of theories have been proposed to explain the mystery behind the missing treasure. Some maintain that the gold was distributed among plantation owners and buried, waiting for a day when the South will rise again. Many believe that the silver was buried in Danville, Va., where it still resides today. Others have claimed that the funds were entrusted with a secret society called the Knights of the Golden circle, so that they could finance a second civil war in the future. But the truth is, the real fate of the Confederate treasury still remains a mystery to this day.

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