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Man Finds $182,000 hidden in bathroom wall!

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November 09, 2008 – Comments (9) | RELATED TICKERS: GLD

Interesting story here from Faux News.

Cash Hidden in Ohio House Walls Becomes Contractor's Nightmare

Sunday, November 09, 2008

http://www.foxnews.com/story/0,2933,449114,00.html 

 CLEVELAND —  A contractor who found $182,000 in Depression-era currency hidden in a bathroom wall has ended up with only a few thousand dollars, but he feels some vindication.

The windfall discovery amounted to little more than grief for contractor Bob Kitts, who couldn't agree on how to split the money with homeowner Amanda Reece.

It didn't help Reece much, either. She testified in a deposition that she was considering bankruptcy and that a bank recently foreclosed on one of her properties.

And 21 descendants of Patrick Dunne — the wealthy businessman who stashed the money that was minted in a time of bank collapses and joblessness — will each get a mere fraction of the find.

Read the complete story here

http://www.foxnews.com/story/0,2933,449114,00.html 

Intreresting comments on Digg.com

http://digg.com/odd_stuff/Man_Finds_182_000_hidden_in_bathroom_wall

if he was savvy he would have taken his 10 % but in the rarer billls

even i know that any bills larger than $100 are collectors items

during the depression era there were:

The $500 bill featured a portrait of William McKinley
The $1,000 bill featured a portrait of Grover Cleveland
The $5,000 bill featured a portrait of James Madison
The $10,000 bill featured a portrait of Salmon P. Chase
The $100,000 bill featured a portrait of Woodrow Wilson

(all from wiki)

It is worth point out, if they had hidden gold instead of paper money, this would be an even bigger story.

Depression era Gold was $20 - 30 an once. $182,000/20 = 9100 onces of gold.

9100 * $733 an once =   $6,670,300.

Of course the US government made it illegal for citizens to own gold in 1933.

Ref: The Gold Confiscation Of April 5, 1933

http://www.the-privateer.com/1933-gold-confiscation.html 

From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102

Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates By virtue of the authority vested in me by Section 5(b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled

An Act to provide relief in the existing national emergency in banking, and for other purposes~',

in which amendatory Act Congress declared that a serious emergency exists,

I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section to do hereby prohibit the hoarding gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of the order:

Section 9. Whoever willfully violates any provision of this Executive Order or these regulation or of any rule, regulation or license issued there under may be fined not more than $10,000, or,if a natural person may be imprisoned for not more than ten years or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.

It is pretty amazing to think about how much damage the corrupt private cartel the FED has done to the US currency and Constitution. 

9 Comments – Post Your Own

#1) On November 09, 2008 at 3:44 PM, kdakota630 (31.51) wrote:

If this person was going to hide $182,000 worth of wealth, it would've made sense to hide it in gold in the first place.

I suppose the gold confiscation came so quickly that he didn't have time to react though.

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#2) On November 09, 2008 at 3:55 PM, Turtleread (65.21) wrote:

This is one of those stories that amaze me.  As the story pointed out, if the homeowner and contractor had kept it quiet and divided it no one would be the wiser about it, but instead it became a big newspaper story and 21 heirs stepped forward for their claim too.  If I had been the contracter knowing the homeowner owned 21 properties and she was greedy and I could keep a secret and no one else knew, I would have kept the money, put it in my safety-deposit box, and after a few years, gradually sold bill after bill to coin collectors or others.

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#3) On November 09, 2008 at 4:10 PM, camistocks (< 20) wrote:

Money, where friendships end...

That man should have tried to go for 20%, because 10% is what you usually receive, if you "find" money (at least here in Switzerland). I'm sure she would have agreed.

Turtle, what about your conscience? Wouldn't this make you/him a thief? You would always know it was someone elses money in your deposit box... ;-)

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#4) On November 09, 2008 at 5:53 PM, Tastylunch (29.93) wrote:

LOL adventures in houseflipping! You buy a house with money you don't have,  find 180k in money you never owned, lose a portion of the money due to theft and other claimants,find out the money is worth less than you thought and you had overextended and go into bankruptcy!

Haha! sounds like a future Tom Hanks comedy. The Money Pit 2

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#5) On November 09, 2008 at 5:59 PM, Harold71 (28.80) wrote:

It is pretty amazing to think about how much damage the corrupt private cartel the FED has done to the US currency and Constitution.

Indeed.

Rally to Support Sound Monetary System

http://www.youtube.com/watch?v=6fsWcNohlWY

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#6) On November 09, 2008 at 6:00 PM, dinodelaurentis (59.26) wrote:

in orangeburg, south carolina during the 1970s, a house owned by my father-in-law clyde hutchison, was demolished by a contractor. inside the walls over $63,000 in cash was found and an unknown number of bills blew away in the wind. they also found a pistol hidden in the fireplace which lead to the suspicion of ill gotten gains by the house's former owner, james smart, a violent criminal who was dead. the cash was determined to be part of a bank robbery in NC in the 40s! the money was returned (except for a few bills) and the contractor got the reward, about $2000. clyde got nothing and cursed that fact until he died. a rich man anyway, my (ex) wife pointed out that had he done some work to the home instead of running it like a slum lord, HE would have found it! the contractor was poor and honest and deserved every penny IMO!

karma is a bitch, ain't it?

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#7) On November 09, 2008 at 7:37 PM, lquadland10 (< 20) wrote:

Easy come easy go. Not to tell the truth is to invite it to come back one day and bite you on the but.

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#8) On November 09, 2008 at 9:50 PM, nuf2bdangrus (< 20) wrote:

Gee...what would I have done?  I dunno.  The guerilla in me would have kept it a secret.  The spontaneously honest person would have turned it in before giving it time to think.

 Conscience conscience conscience....

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#9) On November 10, 2008 at 9:25 PM, nskure (< 20) wrote:

Does Aesop or King Solomon ring a bell, anyone? If I'm to understand correctly, these two morons could have each walked away with $91,000 CASH (tax free, no less, because no one would have been the wiser). However, neither party could decide how to divvy it up! Let's see...she would have never known about the $ if not for him, and he would have never discovered the $, if not for her. Sounds like 50/50 to me, but now they have nothing and the great-great something or others do. FOOLS!! God has a way of working things out.

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