Legend of the Lost Gold of the Confederacy

One of Georgia's most lingering and possibly lucrative mysteries is that of the lost Confederate gold. Worth roughly $100,000 in 1865, when it disappeared, it would be a small fortune in today's dollars--around one million dollars.

On the night of May 24, 1865, two wagon trains filled with gold, one containing the last of the Confederate treasury and the other money from Virginia banks, were robbed at Chennault Crossroads in Lincoln County.

Chennault Plantation, owned by Dionysius Chennault who was an elderly planter and Methodist minister, played a significant role in the story. The gold was to be returned to France who had loaned the money to support the Confederacy. Jefferson Davis had given his word that the gold would be returned regardless of the outcome of the war. Towards the end of the war, Captain Parker of the Navy and a group of other volunteers brought the gold from Richmond, Virginia, to Anderson, South Carolina, by train and from there by wagon hoping to get to Savannah to load it on a waiting ship.

Parker was to camp outside Washington, Georgia, where he was to meet with Jefferson Davis and receive further instructions. Parker's group camped on the Chennault place and then received word to proceed on to Augusta and then Savannah, while avoiding contact with the large number of Union troops present in Georgia.

Accordingly the group set out on their assigned mission, but unfortunately their scouts met Union troops before they got to Augusta. The group returned to the Chennault Plantation. Parker was unable to receive further instructions from Davis because he had already left Washington. It was on this night that the gold disappeared in a hijacking about 100 yards from the porch of the house. One theory says that the treasure was buried at the confluence of the Apalachee and Oconee rivers. Some say that the gold was divided among the locals.

Union troops later came to the Chennault Plantation to find the gold. They tortured the occupants of the house trying to force them to reveal where the gold was hidden but to no avail. The entire Chennault family was taken to Washington, DC to undergo intensive interrogation. They were questioned thoroughly as to the whereabouts of the gold, but the Chennaults could not tell anything that was not already known. They were released a few weeks later and returned to their home in Georgia.

As time went by, the Chennault plantation became known as the "golden farm," and for many years after that people came there to search for the missing gold. Down through the years, many gold coins have been found along the dirt roads near the plantation following a heavy rain storm.

Legend persists that the treasure was hastily buried on the original grounds of Chennault Plantation and remains there today.

The Lost Gold Ledge

When the great gold strikes in Goldfield, Tonopah and Rawhide began to draw thousands of people to the Nevada desert, they also drew a prospector named Tim Cody. Setting up a base camp at Stewart Springs about 15 miles from Goldyke, Cody quickly began to prospect the area.

Before long, he was running low on supplies and decided to make a trip to Goldyke on an overcast winter’s morning. On foot, he began to make the long journey when a storm began to brew. In the blustery storm, he was soon lost and found shelter in an abandoned mine shaft. Spending the night in the mine, he arose to find the storm gone and the skies clear blue. He began to climb a nearby ridge to get his bearings before continuing his journey to Goldyke. Along the way he found a rich gold vein in a quartz outcropping. Picking up some samples, Cody continued his climb to the top.

Unknown Gold Prospector, courtesy Library of Congress

At the summit, he could clearly see Paradise Peak and Rawhide Peak to the northwest. Making his way back down to continue his trip to Goldyke, he was soon lost again, but after some difficulty he finally made his way to the settlement. After re-supplying, he returned to his base camp and tried several times to relocate the gold laden quartz vein.

However his continued searches proved fruitless and finally he moved on. However, three men showed up in 1949 with a map that Cody had supposedly drawn for them. The three scoured the area looking for the lost ledge, but they too, were unable to find the rich vein of gold.

Today, the legend continues. The lost ledge is said to be somewhere in the hills south of Gabbs. Perhaps, you will be the lucky prospector to find it again.

State by State Treasure Guides. An outstanding series of regional State by State guides. Previously  researched treasure locations including stories of hidden and buried treasure from train  robberies, bank robberies, as well as hidden caches of money, jewels, guns and other valuables. Many locations were sourced from various records, newspaper  articles, police records and of course tales told from one person to another. A great way to get into detecting that can payoff in big  finds and big profits.Stop searching the wrong areas.Search only where there is great possibility of finding treasure instead of playing the guessing game.

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