The Maritime History of the Great Lakes
Oswego Palladium (Oswego, NY), Sept. 9, 1882

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Treasure in the Lake
A Million and a Half Dollars In Lake Ontario Waiting to be Picked up

Just now the St. Catharines Journal is engaged in an attempt to get a credulous public engaged in an attempt to believe an apocryphal story related first in the long ago that treasure amounting to over $1,500,000 lies beneath the waves of Lake Ontario a short distance from the entrance to the harbor of Port Dalhousie. The story as rendered by the Journal is as follows: "During the summer of 1813, the Niagara peninsula up to near the present city of Hamilton was in the possession of the invaders. The Americans had a lively little fleet, and it required all of the tact and energy of Sir James Yeo, who acted as admiral to a small flotilla of schooners , to keep out of their way. Matters were badly mixed and one occasion Yeo had a lively race up the lake to get under cover of Vincent's guns on Burlington Heights.

"After refitting he cruised off the lake shore, and on the morning of the fourth of August was at anchor with his few armed vessels off the entrance to the Twelve Mile creek. His armament was not formidable, although one of his schooners, as we were informed several years ago by the late Capt. Lampman, who served as an artilleryman, had a 32 pounder on board. On the day mentioned a squadron of four American vessels were coming up the lake from Fort Niagara convoying a light schooner, which it is said, carried nearly $1,500,000 of money to pay the troops on the peninsula and on the lake. Yeo noticed them coming around the eight mile point, and at once gave orders to engage. The wind was favorable and he met them broadside on. A short cannonade and a close fire of musketry took place and the two leading vessels surrendered, whilst a well directed shot from a 52 pounder sent the treasure ship, with all on board, said to be 200, to the bottom. The remaining vessels escaped by superior sailing, and Yeo brought his captives to Kingston. " The Journal wants some enterprising diver to make a dip for the million and a half, which it was supposed was chiefly silver coin.

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Sept. 9, 1882
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Richard Palmer
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Public domain: Copyright has expired according to the applicable Canadian or American laws. No restrictions on use.
Maritime History of the Great Lakes
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Oswego Palladium (Oswego, NY), Sept. 9, 1882