Transport: Sunken Treasure

When the Lutine bell, hung at the entrance to Lloyd's underwriting room in Leadenhall Street, London, rings once, it signifies bad news for ship brokers.

When the bell rings twice, it means that a ship listed as lost or overdue has been at last reported. One day last week the Lutine bell gave two solemnly joyful clangs. The ship reported was the H. M. S.

Lutine herself, 32-gun pride of the British Navy, which sailed Oct. 9, 1799, from Yarmouth Roads, laden with gold ingots worth $10,000,000. Some of the gold was to pay...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!