Currency Confederate gold legends and truth

The post pointed to by the link could have used a proof-read. The key points sounded like they were generated by AI. Points were repeated and it sounded like one of the points was that the south was sending silver to Europe to buy cotton.
 
The post pointed to by the link could have used a proof-read. The key points sounded like they were generated by AI. Points were repeated and it sounded like one of the points was that the south was sending silver to Europe to buy cotton.
47% AI generated. "truth" is suspect.
 
Such headings can conjure the imagination.

Thought the loss of the gold and silver belonging to the Richmond banks and Confederate Treasury (estimated at almost $800,000) at the end of the war has been well covered and believed to be largely explained (and accounted for).

What is perhaps more mysterious and involved a much larger wealth value was the unaccounted loss of specie (mostly gold and silver coins) by the Bank of Louisiana during the CW.

Prior to the fall of New Orleans in Apr., '62, the biggest bank in the South's largest city, the Bank of Louisiana, transferred its huge holdings of gold and silver coins (estimated to be worth $3 million at the time) to Mr. W. H. Young, President of the Bank of Columbus, GA, for safe storage. Later that same year, on orders from the Confederate Secretary of War, Gen. Beauregard sent his staff officer, Col. A. G. Rice to forcibly take possession of the coin and the specie was subsequently delivered (and receipted for) to Mr. T. S. Metcalf, of the government depositary at Augusta, GA. (See https://babel.hathitrust.org/cgi/pt?id=uc2.ark:/13960/t6vx06g1r&seq=48 @ pp. 23-24).

But what became of this specie from this point onwards is apparently unknown. There was no found evidence showing Congressional appropriation of the coin and the disappearance of these unreturned privately-owned assets would lead to the ultimate collapse of the Bank of Louisiana.
 
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the link also reports of the last acting officer of the Treasury as to how last of CS gold and slder was distruibted

so there is nothig to be found....
 
The Final Payout: In Washington, Georgia, Clark distributed the remaining roughly $144,700. Of this, $86,000 was entrusted to Navy officials James A. Semple and Edward Tidball to be smuggled to England.
Following the evacuation of Richmond in April 1865, Confederate Navy officials James A. Semple and Edward Tidball were entrusted with $86,000 in gold coin and bullion to transport to the coast and eventually England. According to Semple's account, while en route near Augusta, Georgia, they decided to divide the gold due to the increased presence of Union soldiers, rather than risk losing the entire sum.
The gold was reportedly disbursed as follows:
  • $35,000 went with Captain James A. Semple, who scattered it among friends in Georgia with the intention of eventually getting it to a bank in the Bahamas, which never happened.
  • $27,000 went with Chief Clerk Edward M. Tidball, who returned with it to his plantation in Winchester, Virginia, which he subsequently restored and expanded.
  • $24,000 went to logistician W.F. Howell (brother-in-law to Jefferson Davis), who took the money to Montreal, Canada, and set up a business there.
Jefferson Davis mentioned in his 1881 book, The Rise and Fall of the Confederate Government, that the transfer was made to Semple, a bonded officer, and his assistant Tidball, with instructions to deliver the gold abroad, but provided no further details on the outcome. The ultimate fate of most of the specific gold remains a historical mystery and subject of speculation
Documented Robberies: On May 24, 1865, a wagon train carrying Richmond bank assets (not the official CSA treasury) was robbed in Lincoln County, Georgia. This real event, where roughly $250,000 was taken, provided a factual basis for decades of local treasure hunts.
 
47% AI generated. "truth" is suspect.
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