Tag Archives: Shipwreck

In the News: Shipwreck Yields More than $1 Million in Gold


 In the News

 

Shipwreck Yields More than $1 Million in Gold

A marine salvage company has recovered nearly 1,000 ounces of gold worth $1.3 million from a historic shipwreck off the US east coast, but this is a mere fraction of what went down with the ship in 1857—and what the company will likely eventually raise from the depths. The ship was transporting an estimated 21 tons of gold ingots, coins, and raw gold as well as the personal wealth of its 477 passengers when it sank in a hurricane, contributing to the Panic of 1857, a US banking crisis. Discovered in 1988, the wreck was explored by a company that recovered some $40 million in gold before being driven off by lawsuits. More… Discuss

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TODAY’S SAINT: FEAST OF ST. PAUL’S SHIPWRECK


Feast of St. Paul’s Shipwreck

This feast is a commemoration in Malta of the shipwreck of St. Paul on the island in 60 CE, an event told about in the New Testament. When storms drove the ship aground, Paul was welcomed by the “barbarous people” (meaning they were not Greco-Romans). According to legend, he got their attention when a snake bit him on the hand but did him no harm, and he then healed people of diseases. Paul is the patron saint of Malta and snakebite victims. The day is a public holiday, and is observed with family gatherings and religious ceremonies and processions. More…

 

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