PDF “People on the South Shore say the province should have taken the initiative years ago to develop the island, infamous for its Money Pit since it was discovered in 1795.” Halifax Daily News
Not far from Chester is Oak Island, reported to hide Capt. Kidd’s buried treasure. However there are other ideas out there. The Halifax Daily News published an article today on the Island, focusing more on why the Province of Nova Scotia hasn’t purchased the island and turned it into some sort of tourist attraction.
This author along with one of Realtor LIz Buell, had the opportunity to speak with Dan Blankenship, one of the owners of Oak Island, several years ago. After a tour of the island we had a little chat about possibly bringing the island to the market. At the time we were talking about a value of 2 million dollars with the possibility of an asking price somewhere above that value. We left it in Dan’s hands, followed up with a few telephone calls, but Dan decided not to bring the island to the market. As I say that was several years ago. Now it seems the asking price is fetching 7 million dollars.
Excerpt from todays article:
“MONEY PIT HIGHLIGHTS
1795: Teenager Daniel McGinnis stumbles across a curious circular depression in the ground. Over the next few days, he and two friends dig a hole, finding a layer of flagstones two feet below the surface. They later find layers of oak logs spanning the pit at various depths.
1861: The Oak Island Association clears the Money Pit down to 88 feet. They dig two other shafts, trying to intercept the channel from the ocean. Water eventually floods the pit.
1959: Bob Restall and his family begin their search. He finds a rock with “1704” scratched on it at the Smith’s Cove beach. Some believe it was a prank left by a previous search team.
1965: While excavating a shaft, Bob Restall passes out and falls into the water at the bottom. His son, Bobbie, and two workers try to rescue him. They all drown, possibly overcome by carbon monoxide from a generator.
1965: Dan Blankenship begins his search, pushing the shaft down 60 feet, where he finds a hand-wrought nail and a washer. At 90 feet, he runs into a layer of rocks in stagnant water.”
and
“The myths abound:
Captain Kidd and his pirate treasure.
Sir Francis Drake hiding plunder from the Spanish treasure fleets.
Original manuscripts of Shakespeare’s plays written by Sir Francis Bacon.
The Knights Templar and the Holy Grail.
For the full story go to The Halifax Daily News (article my be time sensitive and could be archived quite quickly)
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