Conspiracies

How the World Learned About the Theft of All of the U.S. Treasury’s Gold and Silver

It was the biggest crime in the history of the United States. Possibly, it was the greatest heist pulled off anywhere on the planet. The fact that it could occur was beyond shocking. If word got out, it would have devastating consequences for the U.S. economy.

Despite the best efforts to conceal the massive theft, intrepid reporters learned of the facts and broke the news in the pages of the Berliner Tageblatt. On that day in 1905, the world was shocked to find out that some of the richest people in the USA conspired to send thieves to steal all of the gold and silver from the U.S. Treasury.

The fact that the story broke in a German newspaper should not have been surprising. The U.S. government had gone to great lengths to hide the crime. Where reporters might have gotten wind of a possible story, the government was able to use its influence to steer them in a different direction. That influence did not extend to Germany, however. That’s why the Berliner Tageblatt got the scoop of the century.

New York correspondent L. Triang reported the conspiracy. It began when thieves funded by American millionaires acquired a building on the other side of the Potomac River from the U.S. Treasury Department. They then spent three years constructing an impressive tunnel under the river all the way to the Treasury. Once the tunnel was complete, the rest was easy. They broke in from below and carried away over $268,000,000.

An illustration created by a German magazine that shows the location of the tunnel beneath the Potomac

The stolen gold and silver were transported through the tunnel with the use of electric cars. It was then loaded into small submarines that took it down the river to ships waiting in the open sea. From there, the booty was loaded onto ships that scattered to the four corners of the earth.

The report noted that the U.S. Government was desperately trying to conceal the crime while it pursued those who were responsible for it.

Once this news broke, other newspapers lost no time in picking up the story and reporting it to their readers. Despite the U.S. efforts to keep it a secret, details of the crime of the century appeared throughout Europe.

At last, the U.S. newspapers had no choice but to report that which had become common knowledge on the other side of the Atlantic Ocean. American readers learned about the great Treasury heist, but their reaction was somewhat different than their European counterparts. That’s because the crime of the century never happened.

The story appeared as an April Fools Day hoax. When it was reported in the United States, the focus of the story was on the way so many European newspapers fell for what seemed like an obvious joke.

The original story had been written by Louis Viereck, the rumored illegitimate son of Kaiser Wilhelm I. American papers were quick to point out that the premise of the hoax bore a strong resemblance to the plot of a recent book by Alfred Henry Lewis titled The President: A Novel. Its plot centered on a scheme to rob the treasury by tunneling into it from an old sewer. As described by the Brooklyn Daily Eagle on April 30, 1905, the novel features:

a society figure in Washington carries out the plot to loot the treasury. He learns that an old sewer runs close to the vaults. He buys a fast yacht, employs crooks from New York to do the work, and ingeniously devises rubber bags to be blown up as wanted by the man who has broken into the vaults from the sewer. Each bag will carry twenty pounds of gold and will float down the slow stream of the sewer to its mouth at the Potomac. There, in dead of night, row boats will take the gold to the yacht. The plot is foiled only after the vaults are broken into.

Fortunately, the hoax did not trigger the financial meltdown of the U.S. economy.

Here is an English translation of the original article:

The Hundred-Million-Dollar Robbery of the Federal Treasury
A most abominable crime that has no parallel in the annals of the world, one, almost incredible, and with consequences which cannot yet be estimated, was perpetrated the night before last in Washington. A gang of criminals, working with many millions of capital, has successfully carried through what was always considered impossible, namely, to rob the United States Treasury and to take from it $268,000,000 in gold and silver by way of a subterranean tunnel.

Up to the present time the fact has been kept secret from the press, and I myself became acquainted with it by an absolutely authoritative person during my presence in the national capital. The whole thing is to be kept secret as long as possible, at least until the Government has succeeded in finding traces of the criminals who have fled across the ocean on their own ships as far as it may be at all possible to find such traces. If this can be accomplished, there may be some chance of getting the treasure back entirely or in part.

The millions of the United States Treasury were protected through a very complicated invention called the Holmes Electric Protector in such a manner that burglary was considered impossible, for, through this protector, alarm signals are fixed on each of the thirteen main treasury vaults, consisting of a system of electrically worked indicators. The very mment such an alarm signal sounds no fewer than 1500 special guards of the Secret Service policemen and soldiers of the garrison, who happen to be on duty, are called simultaneously to the Treasury.

The fact that this apparatus, having been in use sixteen years, did not work, although in this month several examinations were made, leaves no doubt that the criminals had accomplices among the highest officials of the treasury, for only thus can it be explained that the electric current lost itself in the ground instead of giving the alarm.

It must be considered less remarkable that the sixty-eight night watchmen did not hear anything, or did not want to hear anything, because these fine officials know only one care, to draw their salaries on the first of the month. It may, however, be also the fact, that their attention was not called to anything remarkable, for the machines used by the criminals were perfectly noiseless. Now the Treasury vaults have been robbed of their entire contents, they are shown during the usual hours to the public without any visitor suspecting anything amiss.

The abominable deed was carried out in the following diabolically refined manner. The criminals who, as it is believed, acted on the instance of certain American millionaires and had millions and millions at their disposal, had built an electro-technical factory in the year 1902 on the left bank of the Potomac, opposite Fifteenth street, on which the Treasury is situated. This factory, which showed the firm name of Myers, Mead & Co., seemingly was nothing but a plant for electric apparatus and machines. In fact and truth, however, it was the main purpose of the whole building, which is today entirely abandoned, to hide the subterranean tunnel, which was to be dug from there to the scene of the burglary.

The Subterranean Tunnel
From the factory grounds a tunnel was dug almost an English mile long, thirty feet below the river bed and ending directly under the treasury in a large caisson. From here thirteen shafts were dug upward, each ending directly under one of the thirteen treasury vaults. Thus it was possible to cut out the foundations simultaneously in all chambers and remove their contents within a very short time into the tunnel, where the gold was transferred to electric cars and in this manner carried to the factory. From there transportation was effected by means of a fleet of at least twenty submarine boats to the large ships waiting in the open sea. The submarines were probably built in Europe for this specific purpose. Evidently they were fitted up in the same manner as the ships which are used for the purpose of lifting lost treasures from the bottom of the sea. Certainly, there were contrivances by means of which the cargoes of the electric cars were transmitted very quickly, by means of compressed air, to the submarine boats, whereupon these ships with their cargoes immediately moved off at full speed.

It has been positively ascertained that these ships went through Chesapeake Bay to the ocean, where not fewer than three and probably five large steamers were lying under steam. These vessels took on board the precious freight as well as the transport boats with all their crews.

As to the robber fleet some very interesting facts have already been ascertained. The fleet probably was composed of three Colombian and two Chilean cruisers, some vessels, in regard of which no news has been heard since last year. It was said that the cruisers were sold to Russia and a denial by the Russian Government was not believed.

In connection with this, a story that was cabled last year may be of great importance. As will be remembered, the story was also cleverly launched in the American press in regard to a mutiny by the crews of board of several Colombian ships. It was said the men intended to go on a piratical expedition. In truth, however, it is now believed that the ships were purchased by agents of the conspirators and brought to a hiding place somewhere in Polynesia or the islands of Patagonia, where the same were fitted up for the expedition to carry the treasures of gold and silver away from Washington.

The whole North Atlantic Squadron has been ordered to search for the burglars on every route which the criminals could have taken. All the cruisers in the Gulf of Mexico, as well as in the Caribbean Sea will join in the chase. In addition to this the fastest ships stationed in the Pacific ports have been sent south with orders to await further instructions in Chilean ports. The honor of the United States is at stake, and everything will be done to have the abominable crime punished as well as its perpetrators and bring back the treasures of loot to this country.


With a Face Like Mine, It Ought To Be On Money

You have to think highly of a person if you are going to suggest that person’s face to adorn a denomination of currency. That gives you a pretty good idea of what Salmon P. Chase thought of himself when he selected his own face to be memorialized on the first US $1 banknote. 

Keep reading

Meet the Eagle Who Adorned US Currency

Many faces — famous and not-so-famous — have appeared on U.S. currency. You may have studied the solemn faces on the front of coins and paper money and wondered about the men and women who were honored by being immortalized in such a public manner. There is one face, however, you have probably seen without…

Keep reading

A Penny Saved Is 2.06 Cents Spent

We are all taught the financial value of valuing and saving every last penny. This rule apparently does not apply to the U.S. government — at least, not to the U.S. Mint. The cost of producing pennies and nickels is greater than what the coins themselves are worth.

Keep reading

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.