Newspaper: To Hunt Treasure 1928

LadyDigger

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The Key West Citizen, Key West, Florida, 15 November 1928, Page Three

TO HUNT TREASURE
(By Associated Press)
DAYTONA BEACH, Nov. 15., A purported treasure of $7,000,000 in gold is the objective of Carl Holm, local treasure hunter, who has just purchased a new diving suit for use in an expedition near the mouth of the Suwanee River, where, he said, the gold is supposed to be buried. The hunt is being financed by a group with charts supposed to show where the wealth is buried.

Another article on this found:
The Key West Citizen, Key West, Florida, 7 December 1928
(By Associated Press)
DAYTONA BEACH, Dec. 7. -- They haven't found the Suwannee River "treasure" yet, but they have located the place where they believe it is hidden. This was reported here by Carl Holm, Daytona Beach deep sea diver, who, with a party of others, is exploring the bed of the river for several weeks in search of a chest of gold believed to be buried there. Holm said he had found a chest on the river bottom where he believes the "treasure" is concealed.

Yet another article, possibly related to the Suwannee River:
The Key West Citizen, Key West, Florida, Tuesday, 8 April 1930, Volume LI, No. 84
Florida Hoping To Get $15,000,000 Teken By Pirates From Warshship
(Special to The Citizen)
TALLAHASSEE, April 8. -- Officials are wondering if there is a chance that the state may get its hands upon the $15,000,000 the United States paid Spain in the famous "Louisiana Purchase"

Promoters have been selling stock around Miami in a company which has for its ostensible object raising from the Suwanee River near Old Town, Fla., a huge iron box which they claim contains the actual gold coin paid Spain by the United States for what is now Louisiana and several other states.

This coin, history has it, was taken from a Spanish man-of-war by pirates. Promoters of the "recovery" project, claim they have located the treasure chest, but that they recently lifted it partly to the surface of the river. It would have been obtained at the time had not the lifting cables parted, dropping it again to the river bed, they say.

All this probably isn't true, officials here realize. There is a bare possibility, however, that it may be. If it develops that it is, they are casting about for whatever claim the state may lay to the treasure. It certainly does not belong to the federal government, it is pointed out. Neither, they feel, can it be the legal property of its chance finders. Who, then, they argue has a better right to it than the state?

They haven't discovered the answer yet, but there's every reason to believe they will if it develops that the "treasure" story is anything more than a wild promoter's tale.
 

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