In 1861, the Oak Island Association tried their luck at cracking the case. They poured their hearts and time into reaching an 88-foot depth in the Money Pit. They made a new shaft to stop the water from entering.
Unfortunately, the team had a devastating tragedy when the entire bottom part of the pit fell. When the pump burst, one of their members was killed. Rumors started circulating, saying that ghost pirates were acting as guards of the hidden treasure.
A Deeper Pit
The Truro Company realized that the so-called “Money Pit” was deeper. As such, they had to keep draining the water over and over. However, as they repeated the process, they noticed something strange was happening: the level of the water in the pit was moving with the tides.
This realization led to the discovery that the entire beach was artificial; a complex construction with drains and flow tunnels beneath it. Surely this kind of effort would only be undertaken to protect a pretty hefty treasure, right?
The Storm That Ruined Everything
The Truro Company thought of creating a dam to obstruct the flow of water and dig out the treasure. However, they discovered that somebody had already attempted this when they came across an older dam. Then a storm came.
The storm created an unusually high tide which destroyed all their hard work. At this point, they were in way too deep, and the endeavor drained their pockets. Lacking the funds to rebuild, they had to give up.
A Strange, Sheepskin Artifact
As the 18th century was about to come to an end, another team of explorers decided to risk their lives to try and find gold and glory. As they were in the process of investigating the mysteries that covered the Money Pit and Oak Island, they discovered a sheepskin parchment with letters printed on it, a scary artifact in itself.
But, even more, disturbing and frustrating was the fact they could not understand what it said.
Yet Another Tragedy
Still, even without knowing what the parchment meant, they still wanted to continue digging. Just as they were getting close to their mission, Maynard Kaiser, one of the team’s explorers, met his tragic death.
It all happened when they tried to lift him back to the surface. As he was being hoisted up, his rope untangled from the pulley and, tragically, Maynard fell to his death down the shaft. Was this just an accident? Or maybe a part of some island curse?