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Footnotes and Sources

 

(1)       There are literally hundreds of separate treasure stories emanating from World War Two. For a general overall understanding of just how monetary securities affected both the geopolitical and operational aspects of World War Two a good reference, although not directly related to Corregidor Island itself, are the series of reports recently published by the US Dept. of State regarding Germany’s clandestine attempts at hiding appropriated war booty. One such report, "Preliminary Study on U.S. and Allied Efforts To Recover and Restore Gold and Other Assets Stolen or Hidden by Germany During World War II", June, 1998. (The Author has often wondered why a similar study was not conducted on the Pacific War aspects of war booty).

(2)         The rather complete files regarding the Philippine Central Bank records, the National City Bank records, and the Army Finance records relating to the evacuation of the Philippine National Treasury to Corregidor Island can be found within the National Archives and Records Administration, (NARA), under Record Group, (RG), 104, Legal Records, Reports on Deposits of Foreign Bullion, (104.3.2).

(3)      A good account of Mrs. Willoughby’s experience in the inventorying and disposition of the Philippine National Securities can be found in her published transcripts, entitled: "Gold Is Also Ballast", 1969.

(4)      The involvement of the "Don Esteban" and the Presidential yacht "Cassiano", as well as the presence of Admiral Hart at the Manila docks is well documented within NARA, Record Group 313 (5.3); Records of the Pacific Fleet and Records of Commander – Submarine Force, Pacific Fleet, 1931-1959.

(5)       Willoughby, "Gold Is Also Ballast"

(6)       The accounts reflecting the exact inventory data of the Philippine National Treasury can be fond within NARA, Record Group 268, Records of the Philippine War Damage Commission. According to this data, the Treasury consisted of: 115 tons of silver specie, 32 tons of silver bullion, 51.385 tons of Government gold bullion, 2 tons of private gold holdings, 27 million in US Treasury Notes, and an unspecified amount of Bonds, Treasury Certificates, and precious gem stones. The gold bullion alone was valued at 40 million dollars US at $ 32.00 per oz.

(7)      The accounts of the burning of the US paper currency is reflected within many contemporary and official histories. However, this was also verified by ‘Mo’ Solomon in his interviews with the author in 1987.

 

Maps:

Recoveries from
South Dock Area 1988

Recoveries from
South Beach Area
1988

Navy Tunnel
Storage Areas
1988

 

Interviewed Personnel:

Gunn, Frederick A. – Rear Admiral, USN (ret.). Admiral "Pop" Gunn was a Lt. and Engineering Officer on board the USS Trout at the time of the latter’s visit to Corregidor Island on 3 and 4 February, 1942. His detailed accounts of the removal of part of the Philippine National Treasury was recounted in several audio-tape interviews with the author.

Solomon, Morris – HTC/Diver, USN, (ret.). ‘Mo’ Solomon was stationed aboard the US navy Tug Pigeon when War War Two broke out in the Philippine Islands. Being a diver and a Prisoner of War held by the Japanese after the fall of Corregidor, ‘Mo’ was forced to dive for the silver pesos in San Jose Bay and was eventually transferred to various Japanese prison camps on the Philippine mainland. The vivid accounts of his various experiences were recorded on audio-tape by the author.

Inhabitants of Corregidor Island, R.P. – Many individuals living on the island were interviewed by the Author for this collection of stories. If not for their accounts this small collection of data would have no continuity or foundation.

 

Published Sources:

"United States Naval Operations in World War Two: vol. III, ‘The Rising Sun In the Pacific’; by Samuel Elliot Morrison, 1948

"Corregidor, The Saga of a Fortress", by James H. Belote

"South From Corregidor", by General Jonathan Wainright, (USA, ret.)

"Battle Submerged", by Rear-Admiral Harley Cope, (USN ret.), 1951

"Pig Boats", by Theodore Roscoe, 1949

 

Archives / Documents:

National Archives and Records Administration,
College Park, Maryland

Record Group 104: Records of the U.S. Mint – Legal Records & Reports
Record Group 181: Records of Naval Districts & Shore Establishments
Record Group 217: Records of the Accounting Officers of the Dept. of the Treasury
Record Group 260: Records of the U.S. Occupation Headquarters, World War II, General Headquarters, U.S. Army Forces in the Pacific
Record Group 268: Records of the Philippine War Damage Commission
Record Group 313: Records of the Pacific Fleet, 1931-1959
Record Group 332: Records of United States Theaters of War, World War II
Record Group 338: Records of United States Army Commands - 1942
Record Group 392: Records of United States Army Coast Artillery Districts And Defenses, 1901-1902
Record Group 395: Records of the United States Army Overseas Operations and Commands, 1898-1942

U.S. Army War College – United States Military History Institute, Carlisle Barracks, Carlisle, PA
Various files, folios, Engineering files, and Unit histories consulted.

 

POST-WAR RECOVERY OPS 1945-88 | SPEEDY GONZALES  |   BATTERY MORRISON  | AH-MOON'S   |  THE ENGINEERING TUNNEL   |   GRAVE - GOLD   |   THE MARCOS CONNECTION   |   THE NORTH DOCK GOLD HOLE   |   THE FOURTH LATERAL   |   THE NORTH HARBOR SALVAGE BARGE   |    THE PRESIDENTIAL YACHT "CASIANO"   |   THE LORCHA DOCK   |  SILVER PESOS    |  NO MORE GOLD   |   CONCLUSION

CORREGIDOR - THE TREASURE ISLAND OF WWII    |    GOLD IS ALSO BALLAST    |    THE GOLDEN PATROL OF THE USS TROUT |  SALVAGING A SILVER TREASURE  | THE JAPANESE OVERSTRIKE

© 1999 Edward Michaud

H Version 09.09.11