Business: Moving Bullion

Five stories below Wall Street are the vaults of the U. S. Assay Office. How they protect the gold stored within them is a closely guarded secret. Since the bomb explosion of 1920, which occurred while the building was being erected, the Assay Office has allowed no visitors within its portals, no customers behind its desks.

Last week the Assay Office was being moved into new quarters. Wall Street felt glad to be rid of it, for noxious fumes have belched from its ungainly chimney. To complete the moving, a billion dollars worth of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!