BRONZE ICON
THE WEALTH OF MIDAS
|
|
Why isn't the Valley of the Vanished
mentioned in the later stories? Some people will argue the gold had run out,
that there wasn't anything left for the Mayans to send out to Doc Savage. But
there may be another explanation. |
|
|
With the advent of World War II it
now became harder to move wealth around from one country to another without
attracting unwanted attention. Governments were watching for funds that would
be used for subversive activities in the beginning. |
|
|
After the defeat of the Nazis, the
search was on for the lost treasures and wealth of Europe. Any attempt by Doc
Savage to utilize the golden treasure of the Valley of the Vanished would
have eventually brought the hidden Mayan civilization to the attention of
many of the world's governments. The Valley would have been discovered and
the Mayan civilization that existed in the valley would have been destroyed. |
|
|
Did Doc Savage need the gold from the
Valley of the Vanished? Probably not. In the course of his adventures he
acquired a considerable fortune. By the time the war began the Mayan gold was
unnecessary due to his already massive wealth. |
|
|
By the end of 1936 Doc Savage had accumulated
an incredible amount of wealth. He was receiving regular shipments of gold
from the Valley of the Vanished. In The Red Skull, August 1933, we are
told that the value of an individual shipment is as much as five million
dollars. Converting this to current dollars using a flat inflation rate of
four percent per annum we arrive at a value just short of seventy-two million
dollars sixty-eight years later in 2001. |
|
|
If we assume the Mayan gold was
delivered four times a year and each shipment had an average value of three
million dollars and that twenty-eight shipments were carried out from 1933 to
1939 we would have an amount in gold equal to eighty-four million dollars in
1939 dollars. That amount would be in excess of $1.2 billion in 2001 dollars.
$1,200,000,000. To give some idea to the value of this wealth, consider the
fact that the cost of building the Empire State Building, including land, was
forty-one million dollars. |
|
|
This amount does not even include the
incredible treasures accumulated in the course of the adventures during this
time frame. The treasure from the Oceanic,
the diamonds from the Lost Oasis adventure, and the Sargasso Ogre treasure to
name a few. The Oceanic treasure alone is valued at $50,000,000 in The Phantom
City. The Sargasso Ogre
treasure comes in at a meager six to seven million dollars. This is the same amount for the
treasure found in The Brand of the Werewolf. |
|
|
Pey-deh-eh-ghan's treasure is immense
as we see in Resurrection Day (November 1936). Monk counts over one hundred diamonds
in the cache. |
|
|
The diamonds acquired from the Lost
Oasis adventure alone form the core of an unimaginable wealth. We are told
that there is such a large quantity that the treasure must be disposed of a
few at a time in order not to flood the market. In fact, in The Sargasso
Ogre, we are told that the diamond fortune is enough to purchase some of
the smaller European countries! |
|
|
After obtaining this incredible
fortune why would Doc Savage put his Mayan friends and their civilization in
danger by continuing the gold shipments? He
would not and that, in my opinion, is why we don't read about the gold
shipments in the later adventures. |
|
|
Even with the operating expenses of
the Crime College, the Hidalgo hanger/boat house, the Fortress, the
headquarters, and Doc's fleet of planes and such there would still be plenty
of money left over. |
|
|
Time after time we find in the course
of an adventure that Doc has purchased a considerable interest in a
particular concern. In Pirate of the Pacific we find out that Doc has
an interest in the shipping company. In Red Snow it comes out that Doc
owns several chemical plants. These are all going concerns. It
is safe to assume that the holdings were worth many times their original
purchase price after the depression ended and the economy picked up again. |
