GOLD!

Posted on
SS George Law
SS George Law, later known as Central America, in The Mariners’ Museum collections
While not everything that glitters is gold in a shipwreck, one particular wreck that has been widening eyes and dropping jaws since 1988 is back in the news. That is the wreck of the SS Central America, a Pacific Mail steamer sunk in a hurricane off Hatteras in 1857. This past week, the side wheeler was back in the news with word from US District Court in Norfolk that the salvage company’s operational reports and an inventory of the the magnificent treasure of gold pieces could be made public. See a detailed report at www.maritime-executive.com


The reason the salvors were in court in the first place is a tale of treachery. The marine engineer who found the hulk in 1988, a man named Tommy Thompson, worked to salvage a hoard of gold bars and gold coins. The Central America, it seems, carried a cargo of $2 million in gold, now worth orders of magnitude more. It appears that the gentleman took some of the salvaged gold worth about $50 million, sold it, spent some or all of it on legal wranglings, and walked away without paying his investors a red cent. There is a warrant out for his arrest, and he is considered a federal fugitive (see the story here).   Read more