TREASURE OF SILVER
TRANSFER OF 70,000 TONS IN U.S.A. SAFE STORAGE AT WEST POINT. ELABORATE SAFEGUARDS. - By Telegraph—Press Association. Copyright. 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 stores to an impregnable; vault erected in the military reserve at West Point. The treasure comprises bars of metal weighing 721 b 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 is in excess of 10,000 dollars. Coastguards 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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Wairarapa Times-Age, 8 July 1938, Page 7
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147TREASURE OF SILVER Wairarapa Times-Age, 8 July 1938, Page 7
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