BEST OF (#46 OF 502) DUTCH SCHULTZ'S CATSKILL TREASURE
1001 Heroes, Legends, Histories & Mysteries Podcast
Jon Hagadorn
4.4 • 1.7K Ratings
🗓️ 10 January 2025
⏱️ 34 minutes
🧾️ Download transcript
Summary
New York's Catskill Mountains have long been the place where legends abound. When gangster Dutch Schultz needed a safe place to bury a steel safe with gold, diamonds,and bonds valuing over $150 million, he and his driver Lulu Rosencrantz headed for the little town of Phoenicia, and finding a good spot next to Esopus Creek- that's where he left it. Soon after, he and Lulu were killed in a hit ordered by Lucky Luciano. But a police stenographer was with Dutch as he was dying, and his last words sounded pretty convincing.
By the way, if I sound a little out of breath I have good reason. The voice is coming back soon.
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Transcript
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| 0:00.0 | The Welcome back everyone to one thousand one heroes, legends, histories, histories, and mysteries. |
| 0:33.1 | And a legend that refuses to go away, the treasure of Dutch Schultz, |
| 0:41.9 | a New York City mobster who was by anyone's standards as bad as they come. |
| 0:47.2 | He was a bootleger, a cold-blooded murderer, and he lived and died by the bullet. |
| 0:51.9 | By the time he was shot down while having dinner at the Palace, Chop House, and Tavern in Newark, New Jersey by a rival mob outfit named |
| 0:55.4 | Murder Incorporated in 1935. He had amassed off fortune in loot, mostly profits from both |
| 1:01.9 | bootlegged liquor sales and a restaurant protection ring that forced restaurant owners to hand |
| 1:06.9 | over thousands to avoid being beaten, killed, or having their businesses burned down around them. |
| 1:12.7 | Back in those days, mobsters couldn't trust any banks, and Swiss banks hadn't become popular yet. |
| 1:18.3 | So criminals kept their cash well hidden, literally, in steel safes. |
| 1:24.0 | Legend has it that when Schultz felt the walls closing in around him, he and his most trusted sidekick, Bernard Lulu Rosencrantz, |
| 1:32.3 | loaded a specially built, air and watertight safe, |
| 1:35.3 | containing 7 million in cash and bonds, |
| 1:38.3 | the equivalent of 130 million today, and headed toward the Catskills to bury it. |
| 1:43.3 | The Catskills to bury it. |
| 1:49.6 | The Catskills are a chain of ancient mountains located about 100 miles north-northwest of New York City. |
| 1:54.7 | It wasn't all of Schultz's money because he would be using a bunch of money soon to pay off his lawyers who would be getting him an acquittal, which would put him back out on the streets again, |
| 1:59.6 | but it was a big sum worth millions that the |
| 2:01.6 | feds would never find should the worst happen. Why the cat skills? Wooded? Barely traveled, |
| 2:09.1 | remote. And there was a little hotel and restaurant there with owners that didn't ask any |
| 2:13.2 | questions when guys wearing fedores and driving expensive cars stopped by for a quiet getaway. |
| 2:20.4 | As legend goes, when they reached the tiny hamlet of Phoenicia, about 22 miles north of Kingston and 13 |
... |
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