$2.6M Union Payroll Burned in Cairo 1863

[buscadero]

Check it out: http://www.civilwarstlouis.com/boatburners/steamerruth.htm

HH Joe

 

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[treasurefiend]

thats funny, you can buy a house cairo for like $6,000. buy it detect it and sell it!!! LOL

 

[roundhat]

thats funny, you can buy a house cairo for like $6,000. buy it detect it and sell it!!! LOL

thing is... you'll never sell it... but if you wait long enough the local swill burn it for ya.

 

[roundhat]

Check it out: http://www.civilwarstlouis.com/boatburners/steamerruth.htm

HH Joe

sounds like an inside job to get the payroll.

 

[pull_tab21]

"sounds like an inside job to get the payroll."



It does sound that way....I had been doing research on sunken steamboats in and around Cairo and never heard of the Ruth and contents...Wonder why that was?...Mass histeria prolly....People going out on flatboats and dying...lol...Seriously though, From what I read the general consensus is it was a attack on the North from a Rebel to try and destabalize the Union armies finance, and with that amount of money lost they would think Union troops would just desert because of no pay.....Seems it didnt work......What I would like to know is in what context was the money in?..Bullion, coins or paper money.

 

[pull_tab21]

It was recovered a few weeks later. The money was paper money(greenbacks) according to the Stl. papers. Diving bell divers.