Transport: Gold on Cocos

Into Los Angeles' sunlit harbor one day last week wallowed the 156-foot three-masted schooner Metha Nelson, her once-trim hull battered, her rigging tattered, her Diesel auxiliary wheezing, her worn-out crew grumbling. Waiting on shore among reporters who thought they might get a story was a deputy U. S. marshal with a handful of subpoenas. The reporters got a whopper from Captain Robert B. Hoffmann, who had plenty to say: "A Hollywood treasure hunt—fooey! The whole thing was nuts from the very beginning." He soon was testifying before a grand jury and telling his story to the press:

Last September, Marino Bello,...

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