Peek Inside the Treasury Department's Cash Vault

Peek Inside the Treasury Department's Cash Vault

OLD TREASURY VAULT DOOR. TREASURY DEPARTMENT PHOTO

OLD TREASURY VAULT DOOR. TREASURY DEPARTMENT PHOTO

By Elliot Carter

Renovators at the Treasury Building made an unexpected discovery in 1985 behind the walls in the old office of the Treasurer. They had stumbled across the forgotten armored vault that used to guard the government's cash.

The old vault was designed in 1864 by Isaiah Rogers and employed a creative "burglar-proof" design. A double layer of large ballbearings were sandwiched between a metal housing - the theory was that an attacking drill bit would just penetrate one layer and get caught in the spinning the balls. In any case, a retinue of 20 guards used to guard the space to ensure that it never came to that.

According to Fortress of Finance, by 1881 the Rogers vault was crammed with $1 billion in securities, $500 million in bonds and several million in gold and silver coins.

Inside the vault. Treasury Department photo

Inside the vault. Treasury Department photo

In addition to gold and silver, the vault used to hold many other strange treasures including "paintings, prints and photographs, furniture, decorative arts, sculpture, and architectural fragments."

A pioneering female journalist named Emily Edson Briggs got a look inside in 1870 and reported on discovering several forgotten items including a bottle of rose oil (sent to Martin Van Buren by an Indian prince), hundreds of jewels, a snuff box, counterfeit coins and dies, and a hoard of Confederate currency.

By 1897 the Rogers vault had fallen into disrepair, and a Congressional inquiry blasted it as "a disgrace to the government and of such obsolete character and inferiority of construction and minimum of security as would cause them to be rejected as unfit for use by any country bank in a backwoods town." The Congressional report highlighted the Treasury guards as the vault's most effective defense.

The Rogers vault was replaced by a larger cash room in 1909 under the Department's south plaza. The newer subterranean space had double-story shelving, similar to library stacks. According to the Washington Post, the only way to get in was "by way of a tiny hydraulic elevator, which is protected by an iron door, opening almost at the elbow of the chief of the division of issues, who keeps the key in his desk."

Contemporary newspaper articles fawned over an advanced-for-the-time alarm system. The walls of the room were lined with a dense mesh of wires that, if disturbed from the outside, would send an electronic alert to a nearby guard station. The alarm would also activate if the connection between the guard post and vault were interrupted. The alarm 'checked in' with the guard post every 15 minutes, 24 hours a day.

The government moved its gold and silver reserves in 1935, in order to conform "With the Treasury Department's policy of moving all large gold deposits away from cities exposed to enemy attack." The so called "deep storage" loot is now stored at Treasury facilities in Fort Knox, Denver, and West Point. Contrary to some conspiracy theories, we know exactly how much gold is at each location

If you enjoyed this article you also might like to read about the forgotten tunnel under the Capitol that was just for moving books.

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