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08/02/12 -
Unclaimed Fortunes Under The Sea (Jan, 1950)
Off our own shores, within tantalizing reach of you or any other would-be-millionaire, lie fabulous treasures—finders-keepers!
LOOKING for money? Gold is where you I find it—and there’s plenty of that precious stuff down at the bottom of the ocean. On page 62 Mechanix Illustrated shows you just where you can drop anchor on $150,000,000 in sunken treasure, right along our coasts.
But there’s billions more, scattered almost everywhere under the seven seas—all yours for the taking!
On the bottom, even under ideal conditions, Sharp finds that visibility is never more than five feet. In murky waters you may find it much nearer to zero. Your underwater limit for any one day will run between two and three hours. You’ll be lucky then if you can really cover a 20-foot radius.
Movement is extremely difficult. Not only will you find yourself groping almost blindly about that dim world under the sea but the weighted boots and the blocks of lead attached to your belt make turning or bending hazardous and a stum- The Delaware’s gold bullion, of course, is but a minute fraction of the wealth that lies submerged in wrecked ships up and down both coasts of the United States and in many other parts of the globe.
There was the Ward Liner Merida, for example, which sank after a collision 55 miles off Cape Charles, Va., in 1911. She reportedly carried tons of silver bullion, millions of dollars worth of gold belonging to the family of an ousted Mexican president, and caskets crammed with jewels. Researchers claim the Merida’s treasure is more than $4,000,000 and might easily touch $5,000,000.
An effort to salvage the valuables from the Merida failed because the wreck lay too deep. With new improvements in underwater technique, another salvage attempt could be a success. This wouldn’t be a – “shoestring” recovery operation, however.
Over the centuries treasure hunters have spent more money on the wreck of the British frigate Hussar than on any other ill-starred ship of fortune. In 1780 the Hussar rammed a rock and sank in New York’s East River at the point now known as Hell Gate. She was loaded with gold to pay British troops in America. Valuations on her golden cargo range all the way from $4,000,000 to possibly $8,000,000. The Hussar’s multi-million-dollar hoard has inspired a long series of salvage attempts, including Simon Lake’s unsuccessful dredging for the strong boxes in the 1930?s. But the gold is still lying in the bed of the river—probably buried now under tons of silt!
Then there was the war sloop De Braak. carrying $15,000,000 in gold the British had captured from seven Spanish ships. She capsized during a storm and sank 84 feet below the surface one mile off Lewes, Delaware, in 1798.
The Don Carlos II grounded on a coral reef in Matanzas Bay, Cuba, in November 1812. After a vain effort to save the ship by heaving cargo over the side, the crew finally took to the boats and abandoned $2,000,000 in gold, silver and copper coins in the hold of the wreck. In the same waters in 1628 a Dutch fleet of 24 ships chased into Matanzas 15 vessels of the Spanish Plate Fleet, loaded with a fabulous cargo of gold and silver from the New World. The Dutch seized $9,000,000 in loot but the defeated Spaniards scuttled several of their large galleons and thus dumped many more millions into the Bay.
Another Spanish galleon, the Santa Rosa, still hides some $30,000,000 in stolen Aztec gold in its rotting hulk off Key West, Florida.
The most fantastic of all Florida treasure-coast booty, however, is the $76,000,000 in pirate gold lying 25 feet under water some 40 miles off Pensacola. And who knows how many millions may be locked up in the pirate hoard of Jean Lafitte, who buried it somewhere in the lower reaches of Lavaca and Neches Rivers and Matagorda Bay in Texas?
And don’t worry about anyone’s claiming the sunken gold you recover. You don’t need any specific official approval to hunt for your fortune either in the ocean or in inland waters. Technically under common law, the U. S. Treasury has a right to collect all sunken or buried riches that anyone recovers in American territory. But actually the government never takes anything except its bite for income taxes and sticks to the finders-keepers rule.
Of course, if the wreck is a fairly recent one, there is always the possibility that the original owners may dispute your claim to the cargo. No one seems to know exactly how much time must elapse before a sunken fortune becomes the undisputed, legitimate prize for anyone who can recover it. Lawyers have filled books arguing over this point. Apparently, though, you’ll have no trouble proving your claim to any salvage treasure that’s been under water more than 35 years.
If you find any of these, remember I want 5% for the headups to fund my lab projects! - JWD
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