Meet Gilbert Hedden
Shortly after Chappells Limited suspended operations, the Bethlehem Steel Company took over and it was Gilbert Hedden who was the new Money Pit enthusiast. He was convinced that it was pirate William Kidd who originally left treasure on the island. A few years later, Hedden purchased part of the island and hired a pumping company to start a full-fledged excavation. With everything prepared and ready to go, Hedden went to Oak Island the following year. But to what avail?