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V11 2008 INDEX
E-SYLUM ARCHIVE
OHIO CASH HOARD DISPERSED
Larry Dziubek and other E-Sylum readers pointed out the
story on the cash hoard found in Cleveland. Larry asks, "I wonder if they
were National Bank notes?" -Editor
In the end, a contractor who found $182,000 in
Depression-era currency hidden in bathroom walls received just a few
thousand dollars and, he feels, some vindication.The discovery amounted to little more than grief for the contractor, Bob Kitts, who could not agree on how to divide the money with the homes owner, Amanda Reece.
As for the 21 descendants of Patrick Dunne a wealthy businessman who stashed money that was minted in a time of bank collapses and joblessness, only to have it divvied up decades later in a somewhat similar economic climate they will each get a small fraction of the find.
I called it the greed case, said Gid Marcinkevicius, a lawyer who represents the Dunne estate.
If these two individuals had sat down and resolved their disputes and divided the money, the heirs would have had no knowledge of it, Mr. Marcinkevicius said. Because they were not able to sit down and divide it in a rational way, they both lost.
Mr. Kitts, who called his discovery the ultimate contractor fantasy, was tearing out the bathroom walls of an 83-year-old home near Lake Erie on a spring day in 2006 when he discovered two green lockboxes suspended by a wire below the medicine chest. Inside were envelopes with the return address for the P. Dunne News Agency.
I ripped the corner off of one, Mr. Kitts said in a deposition in a lawsuit filed by Mr. Dunnes estate. I saw a 50 and got a little dizzy.
Inside the envelopes was $157,000. And a cardboard box in another wall held about $25,000.
To read the complete article, see: Found: $182,000 and a Lot of Grief. Glee Turns to Grudges and a Court Battle Over Dividing the Stash (http://www.washingtonpost.com/wp-dyn/content/article/2008/11/08/AR2008110802248.html)
I've not seen a numismatic account of the note hoard. Is
anyone aware of the contents? Were there National Bank notes? It would be
a shame if the contents were never recorded for posterity. Would buyers
pay a premium for notes traceable to a particular hoard? -Editor
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.
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