News

Otto Reinig Finds Gold

It is seldom that a resident of a town as small


as Snoqualmie rates a banner head across six columns of


a metropolitan daily, but this is the unusual publicity


which Otto Reinig, popular postmaster of that town, was


accorded in the Seattle Star last Friday when the story


of the $1700 in gold left at his door by someone


unknown, amazed not only the people of his home


community, but the state at large.


Mr. Reinig found the sack containing the gold on


his veranda as he left for the office Friday morning. No


clue as to the identity of the owner was left, so he


immediately took the valuable package to Seattle and turned


it over the Federal Reserve Bank. A search was at


once begun for the person to whom it belongs.


Investigators considered two possibilities: That


the money was left by some misinformed person who


feared that he would be prosecuted for possession of gold,


or that the money had been stolen and then discarded


when the burglar repented or feared that he would be


caught. Bank officials say no one can be prosecuted for


having gold.


The treasure still belongs to the owner, whoever


he or she may be, but he must prove his identity to the


satisfaction of the Federal Reserve Bank, and of Mr.


Reinig, before his claim will be allowed and nice, new


greenbacks given to him in place of the gold.


To date no one has appeared to claim the "poke,"


and while at first it was feared a number of imposters


might bother the bank and Mr. Reinig, trying to prove


they were the parties who left the hoard in its most


unusual place, when it was pointed out how difficult it would


be for such persons to substantiate their statements,


the chances for their appearance have become much


less likely.


In order to prove ownership of the gold the


following facts must be verified:


1 _The claimant must know what sort of outer


covering it had, whether bag, sack or box.


2 _ He must know whether it was in coins or in bars.


Or a mixture. He must know whether it was wrapped


or unwrapped.


3 _ He must know, if it was in coin, what


denominations were included, and how much of each.


It is pretty well understood that any imposter


who tries to obtain the gold will end up in the town jail.


The federal reserve officials are not even


corroborating the report that the gold amounted to $1700. In


fact, it may be greatly more.

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