“How the treasury of the 1898 republic vanished.” - continued

As the U.S. forces of Gen Arthur McArthur were closing in on Tarlac, President Emilio Aguinaldo commissioned a party of four Tagalog officers and twenty soldiers to hide the money and important documents of the government.

American troops soon discovered the treasure after one of the Tagalog soldiers surrendered and pointed to the hiding place. Swarm of American troopers and cavalrymen got their hands full. Two hundred thousand dollars were turned over to the officers of the Third Cavalry of the U.S. army, but many American soldiers succeeded in keeping the rest for themselves.

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