“At one point in the negotiations,” writes Groves, “Nichols . . . said that they would need between five and ten thousand tons of silver. This led to the icy reply: ‘Colonel, in the Treasury we do not speak of tons of silver; our unit is the Troy ounce.’ ”1879 Eventually 395 million troy ounces of silver—13,540 short tons—went off from the West Point Depository to be cast into cylindrical billets, rolled into 40-foot strips and wound onto iron cores at Allis-Chalmers in Milwaukee. Solid-silver bus bars a square foot in cross section crowned each racetrack’s long oval. The silver was worth more
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