With Union troops closing in on the Confederate capital of Richmond, Virginia, in early April 1865, President Jefferson Davis and the rest of his government fled southward, allegedly carrying with them a considerable amount of gold, silver and other coins. But when Union officers caught up with Davis on May 10, near Irwinville, Georgia, he was reportedly carrying only a few dollars with him.
So what happened to that missing Confederate treasure? Its fate has remained a mystery for more than 150 years, fueling a wealth of local legends in the South and elsewhere, and even inspiring Hollywood movies like The Good, the Bad, and the Ugly (1966) and Sahara (2005), based on the book by Clive Cussler.
“Every legend that has any long-term staying power has a modicum of truth in it, and certainly this one does,” says William Rawlings, an author of numerous nonfiction books and novels about Southern history. Rawlings included a chapter about the lost Confederate treasure in his 2017 book The Strange Journey of the Confederate Constitution, And Other Stories from Georgia’s Historical Past, and also mined the legends for his novel The Rutherford Cipher, originally published in 2004.
The story begins in Richmond on Sunday, April 2, 1865, when Confederate President Jefferson Davis received an urgent message from General Robert E. Lee while attending a church service. Lee warned Davis that his government should evacuate Richmond immediately, or risk being captured by Federal troops.