In retrospect, it seems rather remarkable that there was little mention, even in the early twentieth century, of an explanation for Oak Island rooted in the history of Nova Scotia that was far more credible. This theory involves the removal of the Acadians.
The Acadians had been French originally, back in 1605 when their first sixty families were settled by Champlain at Port Royal. Even as their numbers grew into the thousands, most of the Acadians remained on the Bay of Fundy, though a good number made their way to Mahone Bay, where they established small communities at LaHave and at what is today Lunenburg (called Merligueche back then). The Acadians gradually began separating from their French roots in an attempt to establish themselves as a unique population. This was a matter of sheer pragmatism, as it became increasingly clear that the Acadians’ best hope for survival lay in refusing to take sides in the long struggle between France and England for control of the land they called home. Theirs was an ethos of labor and thrift. The Acadians worked as farmers, tradesmen, artisans, and small business owners and thrived in Nova Scotia. They also controlled much of the smuggling trade in the province and were reputed to be the main suppliers of provisions to pirate ships.
After the Treaty of Utrecht was signed, the English demanded that the Acadians swear an oath of loyalty to the British Crown that included a promise to bear arms against the French if called upon to do so. The Acadians resisted so successfully that the British eventually inserted a clause in the oath that permitted them to remain neutral during military conflicts. The Acadians’ independent stance became impossible, however, after Edward Cornwallis was appointed the first governor of Nova Scotia in 1749 and created the city of Halifax to serve as his provincial capital. Governor Cornwallis (the uncle of Charles Cornwallis, who led the British armies against the Americans in the Revolutionary War) insisted that the Acadians’ oath of loyalty be reconsidered in light of changing circumstances. The French had retaken Louisbourg and the rest of Cape Breton, and Cornwallis saw the ten thousand Acadians living in Nova Scotia as a potential threat to British control of the mainland. If he evicted them from the province, Cornwallis reasoned, the Acadians would almost certainly resettle on Cape Breton, substantially increasing the French presence on Canada’s Atlantic coast. First the governor insisted that the Acadians retake the loyalty oath, this time without the clause that permitted them to remain militarily neutral. When the Acadians again refused to sign the oath, tensions with the British rapidly escalated beyond their ability to manage them. Still, most of them were caught off guard when, in 1856, Cornwallis ordered that the Acadians be rounded up at gunpoint, stripped of their land and possessions, then loaded aboard ships that would drop them off at ports spread along the American coast between Maine and Georgia. There was a rush among the Acadians to conceal their assets; they liquidated as much of their property as possible, then buried the coins in safe places.
When the Treaty of Paris was signed in 1763, the edict expelling the Acadians from Nova Scotia was revoked and a good many of them returned to the province. (Most of those who did not made their way to the bayous of Louisiana, where they became the Cajuns.) Few of the Acadians were permitted to reclaim their former homes in Nova Scotia, however, which made it difficult if not impossible to gain access to the places where they had cached their fortunes before the expulsion of 1756. What resulted during the nineteenth century was story after story of some lucky plowman or merchant of British or German or Swiss origin discovering a stash of Acadian coins in a cellar, a well, or a farm field. In 1879, for example, just ten miles south of Oak Island, the discovery by a farmer named William Moser of more than two hundred French écus and Spanish escudos while digging up the floor of his barn had been front-page news in the local newspaper.
It was inevitable that someone would suggest, eventually, the underground vault on Oak Island was a kind of bank where the most prosperous of the Acadians had deposited their wealth before being rounded up by the British in 1756. It made a good deal of sense, except that there were very few if any truly wealthy Acadians.
On the other hand, Nova Scotia had been home to many rich Huguenots in the eighteenth century. Most of the Huguenots (Protestants, as opposed to the mostly Catholic Acadians) who left France for the New World because of religious persecution in the late seventeenth and early eighteenth centuries were upper class. Many were members of the French nobility and nearly all of the others were part of what historians have called an affluent artisan class.
In 1685, when the Edict of Nantes (which since 1598 had protected French Protestants from persecution by the Catholics) was revoked by Louis XIV, fifty thousand Huguenot families fled the country. Nova Scotia was among their primary destinations.
The theory that linked the Huguenots to Oak Island, though, seems to be most solidly founded in an early twentieth century report by the historian (and William Kidd biographer) Dunbar Henrichs. In 1928, Henrichs was living on Mahone Bay in the town of Chester. It was there that Henrichs was visited by a Frenchman who had come to Nova Scotia to investigate a family legend involving a group of wealthy Huguenots (including one of his ancestors) who had escaped from France aboard two ships immediately after the Edict of Nantes was revoked. The family story was that the ships had sailed together from La Rochelle across the Atlantic to the island of Saint-Domingue (in what is now Haiti), where the engineer accompanying them had supervised the construction of a complex of underground vaults protected by flood tunnels. Some but not all of the families had deposited their wealth in these vaults, then boarded one of the ships, which sailed off to New York. The second ship, carrying passengers who still held their wealth onboard, had sailed farther north to Nova Scotia, making its way eventually to Mahone Bay, where the leaders of this group selected an uninhabited island on which the same engineer supervised construction of a second system of vaults, also protected by flood tunnels. These vaults could be accessed either by a secret tunnel from the surface of the island or by closing a gate that had been installed in the flood tunnel system, as the Frenchman told the story, Henrich said.
Henrich admitted he hadn’t taken the tale seriously until he heard that in 1947, nineteen years after his conversation with the mysterious Frenchman, a system of tunnels and vaults very similar to what had been described were found by an engineer named Albert Lochard in Haiti.
The Huguenot theory became quite a compelling one in his mind after that, Henrich said. There was one major problem with it, however. The Huguenots had not arrived in Nova Scotia in any numbers until after the Acadians were expelled in 1756, by which time the Mahone Bay area was populated by a good many New Englanders and Germans who had moved there on the promise of free land from the British government. It is doubtful that the Huguenots or anyone else could have created the works on Oak Island at that late date without people noticing.
The main objection to both the Acadian and the Huguenot theories of Oak Island, though, was the same one made in answer to those who suggested that whatever treasure had been buried in the Money Pit had long since been removed by the original depositors. If the people who placed the treasure there had returned for it, the reasoning went, they certainly wouldn’t have bothered to close the Money Pit up so neatly as it was found to be by McGinnis and the others back in 1795. “They would have just left the dirt piled up and hole open—why not?” as Marty Lagina put it to me in a conversation over our breakfasts one morning in August 2016. That the platforms inside the Pit were still intact and the massive hole in the ground still filled in with soil all the way to the surface, along with the fact that there was no obvious sign of any point of entry anywhere else on the island, proved in the minds of Oak Island’s treasure hunters that whatever had been buried down there remained. A young man who believed as much would incorporate the next company that conducted operations on Oak Island.
Frederick Leander Blair was a twenty-six-year-old insurance salesman working out of an office in Boston, Massachusetts, when he formed the Oak Island Treasure Company in 1893. Over the next fifty-eight years, as his interest grew into an obsession, Blair would not only become the driving force in the search for the treasure on the island, but he would also become the most relentless seeker in the search for answers as to how it got there and why. It is largely because of him that we know as much as we do about what happened during the first century after the discovery