The Oak Island Enigma
A History and Inquiry Into The Origin of The Money Pit.
Copyright 1953 by Penn Leary
Hand typeset, printed on a 6" x 9" press, and published by the author.
This is a story of treasure on a deserted island.
The historical account of Oak Island, Nova Scotia, given here is true; that is, as true as any history of events
covering more than 150 years. It is a disappointing story, since it has no ending or real beginning.
Most tales of this sort are founded on an ancient map or legend which point to some part of the world as
the hiding place of great riches. Usually the man who buried the treasure, and the date of its internment, are
well known, but the exact location of the cache is obscure.
Yet the reverse is true of Oak Island. The particular spot where its treasure was buried has been fixed,
within a few yards, since the late Eighteenth Century. No scrap of concrete evidence exists to connect it with
any person or any age, and the character of the treasure is equally uncertain. We can only depend on a
knowledge of human nature to be sure that it is something of enormous value.
No satisfactory explanation of the origin of the earthworks has ever been given. The Mahone Bay area, in
which Oak is located, was well settled by the Acadians before 1700. We must necessarily select some date prior
to that as the date of its burial, since the labor connected with the excavation could have been kept secret only
when the Bay was uninhabited.
The explanation given here is, admittedly, a theory founded on another theory which is not commonly
accepted. The skeptical and those who believe only what they were taught in grammar school will reject it
immediately. The more imaginative may take it much as they take the story of Atlantis, impossible to prove or
disprove, but worth knowing about anyway. To the few who have troubled themselves to study the Baconian
question the subject may be of particular interest.
At all events, a fortune lies buried on Oak Island, whether it is gold, diamonds or moldy parchment. This
book is written simply in the hope that someone with the wherewithal to accomplish the job will go there, dig it
up, and satisfy the author's curiosity.
--Penn Leary, June, 1953.