Tuesday, June 14, 2011

Oak Island, Nova Scotia...the so-called Money Pit,

Oak Island
From Wikipedia, the free encyclopedia
This article is about the Oak Island in Nova Scotia. For other uses see Oak Island (disambiguation)
Oak Island

Oak Island, Nova Scotia
Location           Nova Scotia Canada
Coordinates      44°31′00″N 64°17′57″WCoordinates: 44°31′00″N 64°17′57″W
Total islands     1
Area     140 acres (57 ha)
Highest elevation           11 m (36 ft)
Province           Nova Scotia
Population        Uninhabited
Oak Island is a 140-acre (57 ha) island in Lunenburg County on the south shore of Nova Scotia, Canada. The tree-covered island is one of about 360 small islands in Mahone Bay and rises to a maximum of 35 feet (11 m) above sea level.
Oak Island is noted as the location of the so-called Money Pit, a site of numerous excavations to recover treasure believed by many to be buried there.[1] The island is privately owned, and advance permission is required for any visitation. Several documented treasure recovery attempts have found layers of apparently man-made artifacts as deep as 31 meters, but ended in collapsed excavations and flooding. Critics argue that there is no treasure and that the pit is a natural phenomenon, likely a sinkhole.[2] Excavations have revealed evidence of man made architectural structures.
Several works of fiction have been based upon the Money Pit, including "The Money Pit Mystery", Riptide and The Hand of Robin Squires. Additionally, the Oak Island/Money Pit Mystery led to the ill-fated Cork Graham/Richard Knight hunt for Captain Kidd's treasure off western Vietnam in 1983, documented in The Bamboo Chest.
In 2007, the island was featured in a museum display at the Maritime Museum of the Atlantic which displayed many artifacts from various eras of treasure hunting as part of the museum's exhibit Pirates: Myth and Reality.
Contents [hide]
1 History of the Money Pit
1.1 Early accounts
1.2 Oak Island Association and Old Gold Salvage group
1.3 Gilbert Hedden and William Chappell
1.4 Restall family and Robert Dunfield
1.5 Triton Alliance
1.6 Oak Island Tours Inc.
2 Treasure theories
2.1 Pirate treasure
2.2 Naval treasure
2.3 Marie Antoinette's jewels
2.4 Exotic treasure
3 Criticism of treasure theories
3.1 Sinkhole
3.2 Romanticized elements
4 Pit flooding issues
5 References
6 External links
6.1 General
6.2 News Reports
6.3 Sceptical
[edit]History of the Money Pit

[edit]Early accounts
There are many 19th-century accounts of Oak Island, but some are conflicting and/or are not impartial.[2] Further, physical evidence from the initial excavations are absent or have been lost. A basic summary of the history of the pit is as follows:
In 1795, 16-year-old Daniel McGinnis discovered a circular depression in a clearing on the southeastern end of the island with an adjacent tree which had a tackle block[citation needed] on one of its overhanging branches. Daniel McGuinnis, with the help of friends John Smith (in early accounts, Samuel Ball) and Anthony Vaughan, excavated the depression and discovered a layer of flagstones a few feet below. On the pit walls there were visible markings from a pick.[citation needed] As they dug down they discovered layers of logs at about every 10 feet (3.0 m).[citation needed] They abandoned the excavation at 30 feet (9.1 m).
This initial discovery and excavation was first briefly mentioned in print in the Liverpool Transcript[3] in October, 1856. A more complete account followed in the Liverpool Transcript,[4][5] the Novascotian,[6][7] British Colonist,[8] and A History Of Lunenburg County[9] (the latter source based on the Liverpool Transcript articles).
About eight years after the 1795 dig, according to the original articles and the memories of Vaughan, another company examined what was to become known as the "Money Pit." The Onslow Company sailed 300 nautical miles (560 km) from central Nova Scotia near Truro to Oak Island with the goal of recovering what they believed to be secret treasure. They continued the excavation down to approximately 90 feet (27.43 m) and found layers of logs or "marks" about every ten feet (3 m) and layers of charcoal, putty and coconut fibre at 40, 50 and 60 feet (12, 15 and 18 m).
According to one of the earliest written accounts, at 80–90 feet (24–27 m), they recovered a large stone bearing an inscription of symbols.[citation needed] Several researchers apparently attempted to decipher the symbols. One translated them as saying: "forty feet below, two million pounds lie buried.".[5] The symbols currently associated with the "forty feet down..." translation and seen in many books first appeared in True Tales of Buried Treasure, written by explorer and historian Edward Rowe Snow in 1951. In this book he states he was given this set of symbols by Reverend A.T. Kempton of Cambridge, Massachusetts.[10] Nothing more is known about Kempton's involvement in the Oak Island tale. The pit subsequently flooded up to the 33 feet (10 m) level. Bailing did not reduce the water level, and the excavation was abandoned.
Investors formed The Truro Company in 1849, which re-excavated the shaft back down to the 86 feet (26 m) level, where it flooded again. They then drilled into the ground below the bottom of the shaft. According to the nineteenth-century account, the drill or "pod auger" passed through a spruce platform at 98 feet (30 m), a 12 inches (300 mm) head space, 22 inches (560 mm) of what was described as "metal in pieces", 8 inches (200 mm) of oak, another 22 inches (560 mm) of metal, 4 inches (100 mm) of oak, another spruce layer, and finally into clay for 7 feet (2.1 m) without striking anything else.[citation needed]
[edit]Oak Island Association and Old Gold Salvage group
The next excavation attempt was made in 1861 by a new company called the Oak Island Association which resulted in the collapse of the bottom of the shaft into either a natural cavern or booby trap underneath. The first fatality during excavations occurred when the boiler of a pumping engine burst.[11] The company gave up when their funds were exhausted in 1864.
Further excavations were made in 1866, 1893, 1909, 1931, 1935, 1936, and 1959, none of which was successful. Another fatality occurred in 1887, when a worker fell to his death.[11] (Six people have been killed in accidents during various excavations.) Franklin Roosevelt was part of the Old Gold Salvage group of 1909 and kept up with news and developments for most of his life.
[edit]Gilbert Hedden and William Chappell
In 1928, a New York newspaper printed a feature story about the strange history of the island. Gilbert Hedden, operator of a steel fabricating concern, saw the article and was fascinated by the engineering problems involved in recovering the putative treasure. Hedden collected books and articles on the island and made six trips there. He even ventured to England to converse with Harold Tom Wilkins, the author of Captain Kidd and His Skeleton Island, believing he had found a link between Oak Island and a map in Wilkins's book.[12]
Hedden purchased the southeast end of the island. He began digging in the summer of 1935, following excavations by William Chappell in 1931. In 1939, he even informed King George VI about developments on Oak Island.
The 1931 excavations by William Chappell sank a 163-foot (50 m) shaft 12x14 feet to the southwest of what he believed was the site of the 1897 shaft, close to the original pit. At 127 feet (39 m), a number of artifacts, including an axe, an anchor fluke, and a pick were found. The pick has been identified as a Cornish miner's poll pick. By this time, the entire area around the Money Pit was littered with the debris and refuse of numerous prior excavation attempts, so exactly to whom the pick belonged is unverifiable.
[edit]Restall family and Robert Dunfield
Excavation by the Restall family in the early 1960s ended tragically when four men died after being overcome by fumes in a shaft near the beach. In 1965, Robert Dunfield leased the island and, using a 70-ton digging crane with a clam bucket, dug out the pit area to a depth of 134 feet (41 m) and width of 100 feet (30 m). The removed soil was carefully inspected for artifacts. Transportation of the crane to the island required the construction of a causeway (which still exists) from the western end of the island to Crandall's Point on the mainland two hundred metres away.[11]
[edit]Triton Alliance
Around 1967, Daniel C. Blankenship and David Tobias formed Triton Alliance, Ltd. and purchased most of the island. In 1971, Triton workers excavated a 235 feet (72 m) shaft supported by a steel caisson to bedrock. According to Blankenship and Tobias, cameras lowered down the shaft into a cave below recorded the presence of some chests, human remains, wooden cribbing and tools; however, the images were unclear, and none of these claims have been independently confirmed. The shaft subsequently collapsed, and the excavation was again abandoned. This shaft was later successfully re-dug to 181 feet (55 m), reaching bedrock; work was halted because of lack of funds and the collapse of the partnership.[13]
In the mid 1960s, an account of an excavation of the "Money Pit" appeared in Reader's Digest magazine.[14] Over a decade later, the Money Pit mystery was the subject of an episode of the television series In Search of..., which first aired January 18, 1979, bringing the legend of Oak Island to a wider audience.
During the 1990s, further exploration was stalled because of legal battles between the Triton partners. As of 2005, a portion of the island was for sale for an estimated US$7 million. A group called the Oak Island Tourism Society had hoped the Government of Canada would purchase the island, but a group of American businessmen in the drilling industry did so instead.[1]
[edit]Oak Island Tours Inc.
It was announced in April 2006 that partners from Michigan had purchased a 50% stake in Oak Island Tours Inc., for an undisclosed amount of money. The shares sold to the Michigan partners were previously owned by David Tobias; remaining shares are owned by Blankenship. Center Road Developments, in conjunction with Allan Kostrzewa, a member of the Michigan group, had purchased Lot 25 from David Tobias for a reported $230,000 one year previous to Tobias selling the rest of his share. The Michigan group, working with Blankenship, has said it will resume operations on Oak Island in the hope of discovering buried treasure and the mystery of Oak Island.
In July, 2010, Blankenship and the other stakeholders in Oak Island Tours Inc. announced on their website that the Nova Scotian Department of Natural Resources/Tourism, Culture and Heritage had granted them a temporary Treasure Trove License, allowing them to resume activities until December 31, 2010.[15] After December, 2010, the department will repeal the current Treasure Trove Act and replace it with a new "Oak Island Act".[16] Details of what the Oak Island Act contains are not yet public knowledge, however, according to a Department of Natural Resources spokesman, "all treasure hunting for commercial purposes will cease, Dec. 31, 2010.[16]
The new Oak Island Treasure Act came into effect as of January 1, 2011 and allows for treasure hunting to continue on the island under the terms of a licence issued by the Minister of Natural Resources.
[edit]Treasure theories

There has been wide-ranging speculation amongst enthusiasts as to who originally dug the pit and what it might contain. Later accounts say that oak platforms were discovered every 10 feet (3.0 m),[17] but the earliest accounts simply say that "marks" of some type were found at these places.[17] They also say there were "tool marks" or pick scrapes on the walls of the money pit and that the dirt was noticeably loose and not as hard packed as the surrounding soil.[17] One expedition said they found the flood tunnel at 90 feet, and that it was lined with flat stones.[17] However, Robert Dunfield (a trained geologist) wrote that he carefully examined the walls of the re-excavated pit and was unable to locate any evidence of this tunnel.[17]
The cipher stone, which one researcher is said to have translated to read "Forty feet below two million pounds is buried",[18] was allegedly last seen in the early 20th century (exact dates are a topic of controversy). Some accounts state that Smith used it as a fireback in his fireplace,[17] while others claim it was last seen as a doorstep in a Halifax bookbinder's shop.[17] The accuracy of the translation, whether the symbols as commonly depicted are accurate, or if they meant anything at all, remains disputed. Barry Fell, the author of the controversial[19][20] books America B.C. and Saga America, was sent a copy of the inscription by the chief archivist of the Nova Scotia Archives in the late 1970s.[citation needed] Fell, whose publications consisted largely of alleged translations of inscriptions on stones found elsewhere in North America, concluded that the symbols were similar to the Coptic alphabet and when translated implied that the people needed to remember their God or else they would perish.[21]
Man-made structures under Oak Island do in fact exist as discussed in many books, including a book written by Lee Lamb, daughter of Robert Restall.[22] Whether these structures are the remains of prior excavation attempts or artifacts left behind by those who allegedly built the Money Pit are unknown. It is known that several documented post-1860 treasure recovery attempts, as described above, ended in collapsed excavations and flooding. Fortunately no members died during these accidents.
[edit]Pirate treasure
One theory is that the pit holds a pirate treasure hoard buried by Captain Kidd or possibly Edward Teach (Blackbeard), who claimed he buried his treasure "where none but Satan and myself can find it."[18] Some also hold to the theory that Kidd conspired with Henry Every and Oak Island was used as a pseudo community bank between the two.
[edit]Naval treasure
Others agree it was dug to hold treasure but believe this was done by someone other than pirates, such as Spanish sailors from a wrecked galleon or British troops during the American Revolution. John Godwin argued that, given the apparent size and complexity of the pit, it was likely dug by French army engineers hoping to hide the contents of the treasury of the Fortress of Louisbourg after it fell to the British during the Seven Years' War.[23]
[edit]Marie Antoinette's jewels
There is a story that, like most others regarding the island, lacks adequate archival sources, or any quoted sources at all, which places the priceless jewels of Marie Antoinette (which are historically missing, save for some specimens in the collections of museums worldwide) on Oak Island[citation needed]. During the French Revolution, when the Palace of Versailles was stormed by revolutionaries in 1789, Marie Antoinette instructed her maid or a lady-in-waiting to take her prized possessions and flee. Supposedly, this maid fled to London with such royal items as Antoinette's jewels and perhaps other treasures, such as important artwork or documents, secreted away either on her person (one variation suggests sewn into her underskirts in the case of the jewels, though fails to mention artwork) or as her luggage; it is even said she was perhaps assisted by the remaining officers of the French navy during the uprising at the queen's behest.
The story then goes on to say that this woman fled further afield from London to Nova Scotia[citation needed]; through the royal connections she would have had during her service to the queen at Versailles, she managed to contract the French navy to help construct the famed 'pit' on the island. This theory, as noted, lacks recognized documentation other than that which is folkloric in nature, involves the French navy, which, during the Revolution had an uncertain level of authority, and would place the construction of the Oak Island structure very close to its initial discovery by Daniel McGinnis in 1795. Whether such a complex engineering effort could have been completed in that small space of time is questionable, though no official date of its construction exists. However, other theories do suggest the structure is French and naval in style[citation needed].
[edit]Exotic treasure
Still others have speculated that the Oak Island pit was dug to hold treasure much more exotic than gold or silver. In his 1953 book, The Oak Island Enigma: A History and Inquiry Into the Origin of the Money Pit, Penn Leary believed that English philosopher Francis Bacon used the pit to hide documents proving him to be the author of William Shakespeare's plays.[24] This theory was elaborated on by author and researcher Mark Finnan[25] The theory was also used in the Norwegian book Organisten (The Organ Player) by Erlend Loe and Petter Amundsen.[26] It has also been asserted that the pit may have been dug by exiled Knights Templar and that it is the last resting place of the Holy Grail or even the holy Ark of the Covenant.[27]
[edit]Criticism of treasure theories

Critics argue that there is no treasure and that the apparent pit is a natural phenomenon, likely a sinkhole and natural caverns.[2]
Suggestions that the pit is a natural phenomenon, specifically a sinkhole or debris in a fault, date to at least 1911.[28][29][30][31] There are numerous sinkholes on the mainland near the island, together with underground caves (to which the apparent booby traps are attributed).
The appearance of a man-made pit has been attributed partly to the texture of sinkholes: "this filling would be softer than the surrounding ground, and give the impression that it had been dug up before",[31] and the appearance of "platforms" of rotten logs has been incorrectly attributed to trees or "blowdowns" falling or washing into the depression.[32] An undetermined pit similar to the description of the early Money Pit had been discovered in the area. In 1949, workmen digging a well on the shore of Mahone Bay, at a point where the earth was soft, found a pit of the following description: "At about two feet down a layer of fieldstone was struck. Then logs of spruce and oak were unearthed at irregular intervals, and some of the wood was charred. The immediate suspicion was that another Money Pit had been found."[33]
[edit]Romanticized elements
Researcher and author Mark Finnan in his book 'Oak Island Secrets'[34] noted that many Masonic markings were found on Oak Island and pointed out that the shaft or pit and its mysterious contents seemed to replicate aspects of a Masonic initiation rite involving a hidden vault containing a sacred treasure. Joe Nickell[2] identifies parallels between the accounts of Oak Island and the allegory of the "Secret Vault" in York Rite Freemasonry, similar to the Chase Vault, identifies many prominent excavators as Freemasons, and suggests that the accounts explicitly include Masonic imagery.
[edit]Pit flooding issues

In 1851, treasure hunters discovered fibres beneath the surface of one beach called Smith's Cove. This led to the theory that the beach had been converted into a giant siphon, feeding water from the ocean into the pit via a man made tunnel.
The purpose of these fibres has been a source of heated debate among Oak Island researchers since Coconut trees are not natural to Canada; a sample of this material was sent to the Smithsonian Institution in the early 20th century, where it was concluded that the material was coconut fibre.[35] Carbon dating was conducted on a sample in the 1960s and returned a date of 1200-1400 AD.[35] However, this testing method reveals only when the material was harvested, not when it was deposited at the site. Furthermore it is now known that carbon dating is less reliable for marine organisms and objects long immersed in seawater, due to the marine reservoir effect. For marine organisms, typically the dated object appears about 450 years older than its true age (a correction first estimated in 1975, although the exact value needs to be calibrated for the waters in which it was found.[36])
Oak Island lies on a glacial tumulus system and is underlain by a series of water-filled anhydrite cavities, which may be responsible for the repeated flooding of the pit. This type of limestone easily dissolves when exposed to water, forming caves and natural voids. Bedrock lies at a depth of 130–150 feet in the Money Pit area.
Upon the invitation of Boston-area businessman David Mugar, a two-week survey was conducted by the Woods Hole Oceanographic Institution in 1995. This is the only known scientific study that has been conducted on the site. After running dye tests in the bore hole, they concluded that the flooding was caused by a natural interaction between the island's freshwater lens and tidal pressures in the underlying geology, refuting the idea of artificially constructed flood tunnels. The Woods Hole scientists who viewed the videos taken in 1971 concluded that nothing conclusive could be determined from the murky images.[37]

^ a b Whipps, Heather. "For Sale: Island with Mysterious Money Pit". Retrieved December 5, 2005.
^ a b c d "The Secrets of Oak Island", Joe Nickell, Skeptical Inquirer, March/April 2000.
^ "Microfiche of the original ''Liverpool Transcript'' articles". Oakislandtreasure.co.uk. Retrieved 2010-10-15.
^ Unnamed author. "Correspondence." Liverpool Transcript, 15 August 1857.
^ a b McCully, J.B. "The Oak Island Diggings." Liverpool Transcript, October 1862
^ Patrick. "Response to the Oak Island Folly." The Novascotian, 30 September 1861
^ Unnamed author. "The Oak Island Folly", The Novascotian, 29 August 1861
^ A Member. "A History of The Oak Island Enterprise." British Colonist (in 3 chapters published on 2, 7, and 14 January 1864)
^ DesBrisay, Mather, A History Of Lunenburg County (1895)
^ Snow, Edward Rowe. True Tales of Buried Treasure, (Dodd and Mead, 1951) ASIN B000OI2EFC
^ a b c The History Channel, Decoding the Past: The Templar Code, video documentary, November 7, 2005, written by Marcy Marzuni
^ Doyle, Lynn C. "Nova Scotia's Treasure Island." MacLean's 1 June 1931
^ Ellerd, Kerry. "Finding Buried Treasure: It's an Expensive Business." Montreal STAR February 6, 1971
^ "Scanned copy of the original Reader's Digest article". Oakislandtreasure.co.uk. Retrieved 2010-10-15.
^ "Treasure Trove Licence granted!". Oak Island Treasure. Retrieved 8 November 2010.
^ a b Medel, Brian (July 15, 2010). "Treasure hunter hopes new law clears path to gold" Province to replace old rules with Oak Island Act". Halifax Chronicle Herald.
^ a b c d e f g Crooker, William S. Oak Island Gold (Nimbus Publishing, 1993) ISBN 1-55109-049-X
^ a b Howlett, A. "Mystery of Captain Kidd's Treasure." World Wide Magazine October, 1958
^ Stephen Williams (1991) Fantastic Archaeology, Phila.: University of Pennsylvania Press, ISBN 0-8122-8238-8, p.264-273.
^ Kenneth L. Feder (1996) Frauds, Myths, and Mysteries: Science and Pseudoscience in Archaeology, Mountain View: Mayfield Publishing Co., ISBN 1-55934-523-3, pp. 101-107.
^ Mark Finnan. "Oak Island Secrets" Formac Publishing,1995, 1997, 2002, 2009
^ Lamb, Lee. Oak Island Obsession: The Restall Story (Dundurn Press, 2006) ISBN 978-1550026252
^ Godwin, John. This Baffling World. (Bantam, 1971)
^ Leary, Thomas P. The Oak Island Enigma: A History and Inquiry Into the Origin of the Money Pit. (T.P. Leary, 1953)
^ 'Oak Island Secrets'.(Formac Publishing 1995, 1997, 2002, 2009)
^ Loe, Erlend, and Amundsen, Petter. Organisten (Cappelen, 2006)
^ Sora, Steven. The Lost Treasure of the Knights Templar (Inner Traditions/Destiny, 1999). ISBN 0-89-281-710-0
^ This section follows Nickell, section "Man-made or Natural?".
^ Bowdoin, H. L. 1911. Solving the mystery of Oak Island. Collier's Magazine, August 18. Cited and discussed in Harris 1958, 110-120; O'Connor 1988, 63-66.
^ Faribault, E. Rudolph. 1911. Summary Report of Geological Survey Branch of the Department of Mines. Quoted in Furneaux 1972, 110.
^ a b Atlantic Advocate. 1965. Article in October issue, cited in Crooker 1978, 85-86.
^ Preston, Douglas. 1988 (thoughts taken form a Novel fiction body of work called "Riptide"). However this notion has been disregarded as a consequence of reported pick marks along the sides of the walls down to the 90 foot mark and the stone lined flood tunnel that leads from Smiths Cove as well as the presence of coconut fibres not found anywhere else in the area. "Man made death trap defies treasure seekers for two centuries." The Smithsonian. June. 53-56
^ O'Connor (1988, 172-173)
^ 'Oak Island Secrets'. (Formac Publishing 1995, 1997, 2002, 2009)
^ a b French, Carey. "Treasure Island? Fabled Booty Eludes the Fortune Hunters." Globe & Mail 19 November 1983
^ Ulm, Sean (April 2002). "Calibrating Marine Radiocarbon Dates: A Guide to Australian ΔR Values". AACAI Newsletter No. 89: 10. Retrieved 6 June 2010.
^ Joltes, Richard (August 2002). "Appendix: Woods Hole Explores Oak Island". CriticalEnquiry.org. p. 1. Retrieved 20 March 2010.
[edit]External links

Oak Island Treasure A large photo gallery, growing historical document archive, latest dig news and forum
The Mystery Pit of Oak Island containing diagrams of the Money Pit
Satellite image of Oak Island at Google Maps
The Oak Island Enigma A History and Inquiry Into The Origin of The Money Pit - Penn Leary 1953
A history of Oak Island
Friends of Oak Island Society A successor to the old Oak Island Tourism Society Inc focusing on summer tours of Oak Island
[edit]News Reports
CBC Television "Dan Blankenship, treasure seeker"
CBC Television "The Oak Island money pit: how it works"
CBC Radio conversation "Nova Scotia's own Treasure Island"
CBC Radio conversation "Engineer proposes freezing method to extract Oak Island treasure"
"Featured in Ancient Aliens episode 4"
"The Secrets of Oak Island", Joe Nickell, Skeptical Inquirer, March/April 2000.
History, Hoax, and Hype The Oak Island Legend, Richard Joltes, August 2006
"The Oak Island Money Pit", Brian Dunning, Skeptoid, November 25, 2008
Categories: History of Nova Scotia | Islands of Mahone Bay | Mysteries | Treasure of Can

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