SS Central America - Effects of The Sinking

Effects of The Sinking

At the time of her sinking, the Central America carried gold then valued at approximately $2 million USD. The loss shook public confidence in the economy, and contributed to the Panic of 1857.

Commander William Lewis Herndon, a distinguished officer who had served during the Mexican-American War and explored the Amazon Valley, was captain of the Central America. Commander Herndon went down with his ship. Two US Navy ships were later named USS Herndon in his honor, as was the town of Herndon, Virginia. Two years after the sinking, his daughter Ellen married Chester Alan Arthur, later the 21st President of the United States.

Several books were written about this historic ship. One book is America's Lost Treasure, a pictorial chronicle of the sinking and recovery. Gary Kinder's Ship of Gold in the Deep Blue Sea is an account of the recovery efforts.

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    “Trade and commerce, if they were not made of India-rubber, would never manage to bounce over the obstacles which legislators are continually putting in their way; and, if one were to judge these men wholly by the effects of their actions and not partly by their intentions, they would deserve to be classed and punished with those mischievous persons who put obstructions on the railroads.”
    —Henry David Thoreau (1817–1862)

    “Trade and commerce, if they were not made of India-rubber, would never manage to bounce over the obstacles which legislators are continually putting in their way; and, if one were to judge these men wholly by the effects of their actions and not partly by their intentions, they would deserve to be classed and punished with those mischievous persons who put obstructions on the railroads.”
    —Henry David Thoreau (1817–1862)

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