E183 - The Vanishing Fortune: Lost Confederate Gold

On April 2, 1865, Confederate President Jefferson Davis fled Richmond with the entire Confederate treasury, a fortune in gold ingots, silver bricks, and coins guarded by teenage Navy midshipmen on a train heading south into a collapsing nation. Five weeks later, when Union soldiers finally captured Davis, almost all of it was gone. The War Department told the public the missing treasure was worth $13 million, a number historians say was invented to turn every former Confederate into a hunted man. The truth was far more complicated, with records showing most of the money was paid to soldiers and spent along the...