An analysis of the money pit

Revealing the Mystery If someone were to claim they knew a story that involved the Holy Grail, a band of pirates, William Shakespeare, Franklin Delano Roosevelt and Edgar Allan Poe, you might think the tale was a riddle or a fanciful movie script. However, one particular site in Canada holds a history that brings together all of these elements and more. To the casual observer, the acre island appears like many in this part of the province.

An analysis of the money pit

On the eastern end of the wooded island he found something out of place: It didn't take young Daniel long to bring in heavy equipment, in the persons of two friends armed with shovels and the knowledge of old stories that the pirate Captain Kidd may have buried treasure on this part of the coast.

Two feet down they struck a layer of flagstones, and all the way down they found pick marks on the walls of the shaft. The three boys dug for days, and just when they were about to give up, they came to a solid platform of logs.

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There was nothing under the logs, but it fired the boys up: There was no longer any question of whether something had been buried here.

Over the coming weeks they finally reached 30 feet — that's incredible for three teenagers — and along the way found two more log platforms. By then the difficulty and frustration won, and they gave up. But the local newspapers had made the pit something of a phenomenon.

A few random people came and tried to dig further, and around a mining group called the Onslow Company took over the island and made the first really serious effort. They found more regularly spaced log platforms, a few of which they found to have been apparently sealed using coconut fiber and putty.

Their most important find was a stone tablet at 90 feet, inscribed with weird symbols, translated to mean "40 feet below, two millions pounds lie buried. Just below the tablet they struck a side tunnel, open to the sea, which immediately flooded the pit.

Treasure: Oak Island: The Story of Oak Island

It was a booby trap. To make a very long story short, many companies and investor groups have taken over the island and launched major digging efforts, costing millions of dollars and the lives of six men killed in various accidents. An auger sent down the hole in past the flood tunnel went through what was said to be a sheet of iron, more oak, " broken bits of metal ", and brought up three links of gold chain and a 1-centimeter scrap of parchment reading "vi" or "ri".

Flooding and collapses marred many mining efforts over the decades. In a causeway was built to the island to deliver a great ton digging crane which excavated the Money Pit to a depth of feet and a width of feet.

Inworkers sunk a steel caisson all the way down, finally striking bedrock at feet. They lowered a video camera down into a cavern at the bottom of the shaft, but whether it shows nothing interesting or a spectacular pirate's cave seems to depend on whose account you read.

After more than years of excavation, that entire part of Oak Island is now a wasteland of tailings and abandoned gear, and the location of the original Money Pit is no longer known.

An analysis of the money pit

What might have been buried at the Money Pit? Theories abound beyond the popular local notion of Captain Kidd. Some suggest the Vikings.

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An interesting nomination is that of the British Army protecting payroll during the American Revolution, whose Corps of Royal Engineers were about the only folks at that time with the ability to construct such a system, with subterranean flood tunnels leading to the sea.

I've long been curious about a couple of elements from the Oak Island story. First, the coconut fiber.

The Top Ten Myths about the Money Pit 1) The Discovery of the Pit in is Historical Fact. Wrong! While the story of "three boys on an adventure" finding the site in this year has been passed down by generations of poor researchers, no contemporary source . The Legacy IT Conundrum: Money Pit or Value-Add? An analysis of IBM's new BlueMix project, which puts most of IBM's software in the cloud, reveals that 80 percent of IT spending goes to legacy. The Top Ten Myths about the Money Pit 1) The Discovery of the Pit in is Historical Fact. Wrong! While the story of "three boys on an adventure" finding the site in this year has been passed down by generations of poor researchers, no contemporary source documenting these events has ever been discovered.

Coconuts are not found in Nova Scotia, nor anywhere in the vicinity. The closest place coconuts were found in the 18th century was Bermuda, about miles due south of Oak Island.

You might think this supports the pirate theory, since pirates certainly frequented Bermuda and the Caribbean. Some accounts of Oak Island have said that coconut fibers were found in large quantities buried beneath the beach, though this has never been evidenced. A analysis by the National Research Council of Canada did identify three of four samples submitted as being coconut fiber.

Radiocarbon dating found that the coconut came from approximately the year — three centuries before the first European explorers visited the region, and two centuries after the only known Viking settlement more than miles away.

How would year old coconuts get buried 50 feet underground when there was nobody around to do it, in a booby-trapped shaft that nobody had the technology to dig?

An analysis of the money pit

It's really those flood tunnels that put the Money Pit over the top of anything you could expect pirates or anyone else to be responsible for, especially during a century when no Europeans were within thousands of miles. Divers would have needed weeks or months to cut subterranean tunnels from the bay nearby to the foot level of the Money Pit.

The geology of Oak Island and its surrounding area gives us some more clues. The region is primarily limestone and anhydrite, the conditions in which natural caves are usually formed. Ina farmer was plowing Oak Island just yards away from the Money Pit when suddenly her oxen actually broke through the groundinto a 12 foot deep sinkhole above a small natural limestone cavern.The Money Pit () Plot.

Showing all 5 items Jump to: Summaries (4) Synopsis (1) Summaries. Walter Fielding and Anna Crowley have to start looking for a new house- but there's not much they can afford! This soon changes when they meet a lonely old con artist who sells them a beautiful mansion at a ridiculously low price.

California’s High-Speed Rail: Slow, Expensive, and Bound for Cancellation By raise a significant amount of private money on its way to operation, but, eight years after being narrowly.

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Swedroe: Institutional Investing Money Pit. August 27, Their analysis is based on a unique data set sourced by a U.K.

regulator, the Financial Conduct Authority, which provided detailed. Many have grappled with trying to explain the mystery of Oak Island, but none have been able to find out what's at the bottom of the Money Pit. Chapter Analysis of The Money Pit Mystery; Click on a plot link to find similar books!

Plot & Themes Composition of Book descript. of violence and chases 10% Planning/preparing, gather info, debate puzzles/motives 50% Feelings, relationships, character bio/development 20% How society works & physical descript.

Indeed, his analysis of Mr David Cunningham King would not be at variance with my own arm’s length assessment of the convict chairman. Essentially he was putting his time at Sevco “down to experience Rangobango on Statement o’clock and the money pit;.

The Money Pit () - Plot Summary - IMDb