info on poverty island

[onfire]

Anyone have any info on a wreck off shore of poverety island on mich. side of lake mich.Civil war Gold?

 

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[AA23]

I've heard rumors that Siur de La Salles lost ship The Griffin had been found around there so i looked it up, heres some storeys bout that

http://www.record-eagle.com/2004/oct/09ship.htm

http://www.cdnn.info/news/industry/i060102.html

 

[NowandThenTreasures]

Richard Bennett is using an underwater sled to search the area

https://unsolved.com/gallery/poverty-island-treasure/

 

[xaos]

The Legend: The beleaguered South, strapped for capital, put out a desperate call for relief to France. According to the legend, the French emperor, Napoleon Bonaparte III, secretly dispatched a shipment of gold across the Atlantic to Canada.

Yes, at the time, France was not really an ally. The US opposed the plan by Napoleon to turn Mexico into a French colony. But seriously, this is France in 1860's, and $15 million is secretly sent to the South, through CANADA?!?!?!? France was just wrapping up a war with Austria over Italy, and gained parts of Italy as a result.

Reality: History notes that the $15 million, known as the Erlanger Loan, was financed through bonds in France backed by cotton at a 50% discount. This was very favorable (and popular) in Europe.

Before the South collapse, of the $15 Million floated in bonds, about $6 Million had been transferred to the South, most in the form of arms, munitions, and supplies from Europe through blockade runners.. (of course, at greatly rates inflated rates) The South collapsed before any other bonds were paid, and the US did not honor any Confederate Bonds.

This was not a secret transfer, and there is no record of any funds being lost.

http://nautarch.tamu.edu/PROJECTS/denbigh/erlanger.htm

As they say on TV, myth..

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[Harvest]

I have been researching that wreck for most of my life and I hope that someday I’ll be able to go out there and get it believe me it’s there !!!