SALVAGED BULLION
slm. Find In Reef
(N.Z.P.A.-Reuter—Copyright) WASHINGTON, August 30. A Florida team has salvaged doubloons, pieces of eight, silver bullion and gold jewellery worth more than a million dollars from the jagged, coral graveyard of a fleet of Spanish galleons lost off Cape Kennedy In 1715. Announcing this today, the National Geographic Society said the treasure came from ships which were pounded to splinters on the reefs by a hurricane. Ten ships of 11 in an armed treasure fleet sank and about 1000 sailors died.
The ships had been laden with New World plunder for the Spanish crown. The loss ruined merchants of Seville, Cadiz, Vera Cruz and Cartagena. The find was the richest prize of sunken treasure since 1687, when Sit William Phips, of Boston, salvaged almost a million dollars from a galleon sunk off Hispaniola. Kip Wagner, a construction engineer, of Sebastian, Florida, and nine associates made the present discovery. They formed a corporation and began a systematic search of the sea floor off Florida four years ago.
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Bibliographic details
Press, Volume CIII, Issue 30533, 31 August 1964, Page 11
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171SALVAGED BULLION Press, Volume CIII, Issue 30533, 31 August 1964, Page 11
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