While the Laginas begin to energy up for a new assault on the treasure hidden beneath Oak Island, a brand new principle about the money Pit has been revealed. Joy Steele, in her book, The Oak Island Mystery Solved, has supplied an fascinating idea. According to her, there isn't any treasure, never had been, and the alleged Money Pit is nothing greater than a tar kiln, used in the early 18th century to produce material to repair ships. And, given what Stone Island Online Shop has been discovered on the island by the Laginas and a few of those others, this does make some sense.

In response to the historical past, again in the early eighteenth century, the British received their naval shops from Sweden which apparently included tar. However that provide was cut off and the British seemed to their colonies in the new world to change that source. They induced colonists within the Carolinas to create the tar kilns because of the dense pine forests (Can you say Tar Heels?). It would seem on my quick research that they built dozens of these kilns within the Carolinas, but it appears in addition they built them up and down the east coast of North America.

The question turns into, "Would they have built tar kilns on Oak Island?"

I've discovered that pine trees are thought of resinous timber, however oaks aren't. They don’t produce resin when cut or "injured" which makes them good for furniture, cabinets and fire wood. Pines do produce the resin which could be rendered to tar which makes them dangerous for furniture and hearth wood.

Would the British have established a camp on Oak Island and used it to produce tar? Nicely, oak trees aren’t any good for that, however there are pine timber in Nova Scotia. Would Oak Island have been a spot where the British would build these kilns even when the pine timber were not in abundance on the island?

We all know there was a British camp on the island. That was established by these guys the Laginas brought in and who, using metal detectors, found British coins and other debris that steered a camp. So, there was a British presence on the island that predates the discovery of the money Pit. And do not forget that the residents of Nova Scotia reported seeing lights on the island in the early eighteenth century.

I don’t know all that much about crusing ships of the eighteenth century, however it would seem that docking at an island for repairs may need been simpler than crusing all of the technique to the mainland (and sure, I know it’s not all that far, however the tides and depth of water may need made it considerably problematic). That may also explain the synthetic nature of that swamp that the Laginas are at all times trying to drain, might clarify some of the debris found in the swamp, and would possibly clarify why some believed that a ship had been scuttled in the world. It could might also clarify the artificial beaches, the coconut fiber and the alleged coffer dam.

I additionally know that some of you may say, "Yes, however what about that stone with the unusual carvings found 90 toes down in the money Pit?"

I would say, "I imagine that was created as an inducement for selling stock in another try to penetrate the cash Pit. They may say that they had found this plaque proving that there was a huge fortune just a few feet down. Purchase inventory in my firm to get better it." I'd notice that no treasure has been found a number of ft under where it is the alleged stone island beanie was found.

There are those on the market who will complain about this debunking of the money Pit, however I should say that you could observe the evidence. The Laginas have provided some of that proof from their searches. They've discovered coins on the floor, have pulled iron nails out of the swamp that suggest they'd been utilizing on crusing ships, and they've found evidence of a lot of tunnels… however they've found absolutely nothing to suggests there is a treasure hidden anywhere on the island.