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Man Finds $45K; Returns It to Rightful Owners

Man Finds $45K; Returns It to Rightful Owners

Associated Press

May 20, 2011

SALT LAKE CITY (AP) – When Josh Ferrin closed on his family’s first home, he never thought he’d make the discovery of a lifetime _ then give it back.

Ferrin picked up the keys earlier this week and decided to check out the house in the Salt Lake City suburb of Bountiful. He was excited to finally have a place his family could call their own.

As he walked into the garage, a piece of cloth that clung to an attic door caught his eye. He opened the hatch and climbed up the ladder, then pulled out a metal box that looked like a World War II ammunition case.

“I freaked out, locked it my car, and called my wife to tell her she wouldn’t believe what I had found,” said Ferrin, who works as an artist for the Deseret News in Salt Lake City.

Then he found seven more boxes, all stuffed full with tightly wound rolls of cash bundled together with twine _ more than $40,000.

Ferrin quickly took the boxes to his parent’s house to count. Along with his wife and children, they spread out thousands of bills on a table, separating the bundles one by one.

They stopped counting at $40,000, but estimated there was at least $5,000 more on the table.

Ferrin thought about how such a large sum of money could go a long way, pay bills, buy things he never thought he could afford.

“I’m not perfect, and I wish I could say there was never any doubt in my mind. We knew we had to give it back, but it doesn’t mean I didn’t think about our car in need of repairs, how we would love to adopt a child and aren’t able to do that right now, or fix up our outdated house that we just bought,” Ferrin said. “But the money wasn’t ours to keep and I don’t believe you get a chance very often to do something radically honest, to do something ridiculously awesome for someone else and that is a lesson I hope to teach to my children.”

He thought about the home’s previous owner, Arnold Bangerter, who died in November and left the house to his children.

“I could imagine him in his workshop. From time to time, he would carefully bundle up $100 with twine, climb up into his attic and put it into a box to save. And he didn’t do that for me,” Ferrin said of the man who had worked as a biologist for the Utah Department of Fish and Game.

Bangerter purchased the home in 1966 and lived there with his wife, who died in 2005.

After most of the money was counted, Ferrin called one of Bangerter’s sons with the news.

Kay Bangerter said he knew his father hid away money because he once found a bundle of cash taped beneath a drawer in their home, but he never considered his dad had stuffed away so much over the years.

“He grew up in hard times and people that survived that era didn’t have anything when they came out of it unless they saved it themselves,” Kay Bangerter, the oldest of the six children, told the Deseret News. “He was a saver, not a spender.”

Bangerter called the money’s return “a story that will outlast our generation and probably yours as well.”

“I’m a father, and I worry about the future for my kids,” Ferrin said. “I can see him putting that money away for a rainy day and it would have been wrong of me to deny him that thing he worked on for years. I felt like I got to write a chapter in his life, a chapter he wasn’t able to finish and see it through to its conclusion.”

(Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

  • Respect_max50


    about 4 years ago


    Bump to to Josh Ferrin !!!

  • Online-photo-sharing-gallery-animal-cat-cougar-artct45_max160_max50


    about 4 years ago


    How Cool !!! Glad to know there are still people like this left in the world !!!!!

  • In_remembrance_of_oakland_pd_max50_max50_max50_max50_max50


    about 4 years ago


    There are good honest people in the world.

  • Bikeandme2_max50


    about 4 years ago


    Now this right here is an amazing story!

  • Clone_trooper_max50


    about 4 years ago


    A great lesson for us all. There are still honest people out there.

  • Cops4christ_max50


    about 4 years ago


    this guy will be blessed all the more one day...

  • Photo_user_blank_big


    about 4 years ago


    we need more honest people like this in this world.

  • Images_7a8ec2bec1e1bf7f38b54b52a8c9c453_max50


    about 4 years ago


    Bump>Deputy Carter

  • Photo_user_blank_big


    about 4 years ago


    If I ever lose my wallet, I'd want a guy/gal like him/her to find it. Good for you Mr. Ferrin, I applaud you!

  • O_s_max50


    about 4 years ago


    What an awesome story. That's one hell of a man right there.

  • Img_0103_max50


    about 4 years ago


    What a heart warming and noble journey to take as an example for his children to follow. I for one fill that this man's integrity is peramount. I congrtulate him on doing such an honest and respectful deed as this.

  • Photo_user_blank_big


    about 4 years ago

    A heartwarming article to read. I would have done the exact same thing too.

  • Me_max50


    about 4 years ago


    I love these stories, good to see there are still good honest people in this world!

  • Anonymous-killer-whale-232189_1__max50


    about 4 years ago


    I heard this story earlier today on the radio. He did the right thing !!! It's so good to hear these kinds of stories. Helps to restore my faith in mankind.

  • White_shirt_max50


    about 4 years ago


    Honestly is the know the rest. Nice story

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