Three Men Battle the FBI Over Buried Civil War Gold

Treasure hunters are aiming to prove there were tons of loot in the ground in Pennsylvania -- and that the government took it. WSJ: Dennis Parada points to a weedy spot where he believes the Federal Bureau of Investigation dug up nine tons of Civil War-era gold, worth more than $500 million, and made off with it in the middle of the night. The patch of ground halfway up a mountain in western Pennsylvania lies at the heart of the treasure hunter's quest to recover the trove and prove it was snatched from under his nose. The matter is now playing out in federal court. At 70, he has been chasing the Dents Run gold for more than 40 years. "It's definitely a major coverup," says Parada, who has the mustache of a 19th-century gambler and smokes his cigarettes down to a stub. Tales of lost Civil War-era gold have stirred imaginations for generations though few fortunes have been made. One exception was a pile of more than 700 gold coins minted in the mid-1800s that a farmer unearthed in a Kentucky cornfield earlier this year. In April 1865, Confederate President Jefferson Davis fled Richmond, Va., with gold that would be worth millions today. Union troops later seized a large portion in Georgia, but that was then stolen at gunpoint. Other stories of lost Confederate gold abound in the South. People across the U.S. have hunted for lost rebel treasure in Virginia, Georgia, Arkansas, Missouri -- and the bottom of Lake Michigan. The searches have inspired novels and films, including "The Good, The Bad and the Ugly," starring Clint Eastwood. Far less attention has been paid to tales of Union gold.

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