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<p>[QUOTE=&quot;Conder101, post: 24678618, member: 66&quot;]This is from Roger&#039; book Saudi Gold.</p><p><br /></p><p>The U.S. contract with railroads provided fixed shipping rates for mail.&nbsp; By this means the governement shipped two hundred tons of gold from Philadelphia to New York for $4,554 from August - December 1914.&nbsp; This cost, although modest by any standard, was not recoverable by the Treasury.&nbsp; In addition, time was required to weigh, bag and seal shipments, and then do the opposite upon receipt.&nbsp; All the handling meant that significant quantities of gold rubbed off on the gloves of employees and canvas bags.&nbsp; Mint Director Baker estimated that for every 10,000 oz. of gold shipped a minimum of one quarter oz. was lost.&nbsp; Thus, shipping two hundred tons (4,800,000 oz.) resulted in a loss of approximately one hundred twenty oz. of gold or about $2,408.[/QUOTE]</p><p><br /></p>

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