And thing I Like to mention and thank is This Canadian researcher that Hardluck mentions very did some interesting research on the Topic.
One aspect of the legend One such element of truth in the legend was for a very large mature tree (oak or pine) adjacent to the pit having been marked with strange characters carved into the trunk. During 1770 a very large fire consumed most of the mainland forest between Chester and Lunenburg. Later in 1788 the Vaughn brothers petitioned the government to cut down about 900 acres of sundry trees for the purpose of farming and milling. The Vaughn brothers owned and operated a mill directly opposite Oak Island, they also owned the second largest number of Oak Island lots.
In reply to the Vaughn brothers petition,
John Wentworth Esq. Surveyor General of Woods in the Province of Nova Scotia and all other His Majesty's Territories in America, etc.
WHEREAS it hath been represented to me by Daniel Vaughan, Anthony Vaughan and James McLeod that they are possessed of a Tract of Land situated, laying and being in the Township of Chester & County of Lunenburg, being the Lotts No 1, 2, 3, 4, 5 &6 containing nine hundred Acres and are commonly known by the name of the Western Shore Lotts, second division, letter B and that Sundry Pine Trees are standing on said Lotts which prove detrimental to the culture and improvement of the same.
Having caused the aforesaid Lotts of Land and Pine Trees standing thereon to be inspected and surveyed, I do, inconformity to His Majesty's instructions, hereby grant lycense to the aforementioned Daniel Vaughan, Anthony Vaughan and James McLeod to cut and take away the Pine Trees growing thereon; Save and except thirty eight trees, being from Sixteen inches and upwards in diameter and from Twenty Six feet and upwards in length, which are marked *W being fit and are to remain for his Majesty's service; and are thetfore wholly excepted ut of this lycense accordingly.
Given under my hand at Halifax
this 25th day of January , 1788
J.W. Wentworth"
* represents an unreadable character, thus the mark on the trees consisted of two characters with the second being a W
An original copy of this document can be found at Nova Scotia Archives and Records Management microfiche reel 15684. As you can clearly see, the element of truth was for trees to have been marked for use by the crown. One can easily understand that being later embellished to strange treasure markings.
The crown reserved these large trees for use by the Navy. Considering the large fire in 1770, many of the large trees were burned. In the letter above, one can clearly read the surveyor was only able to identify 38 trees in all of 900 acres that were larger than 16? in diameter and taller than 26 feet. Once can easily understand the surveyor glancing over at Oak Island and seeing the large trees which were unaffected by the fire of 1770. It sounds to me the surveyor visited the island and marked some of those trees too. And thus a possible answer for strange marking on the trees.
These events and combination of a 13 year imagination over these markings, exploitation and manipulation of the facts into story that appeals to everyone common denominator greed. And over the last 200 odd year the legend has taken a life of its own.