ug ▁ 1 1 8 ▁feet ▁( 3 6   m ) ▁deep ▁with ▁the ▁branch ed - off ▁tunnel ▁going ▁under ▁the ▁original ▁sh aft . ▁S omet ime ▁during ▁the ▁exc av ation ▁of ▁this ▁new ▁sh aft , ▁the ▁bottom ▁of ▁the ▁original ▁sh aft ▁col lapsed . ▁It ▁was ▁later ▁spec ulated ▁that ▁the ▁tre asure ▁had ▁fallen ▁through ▁the ▁new ▁sh aft ▁into ▁a ▁deep ▁void ▁causing ▁the ▁new ▁sh aft ▁to ▁flo od ▁as ▁well . ▁The ▁Tru ro ▁Company ▁then ▁ran ▁out ▁of ▁funds ▁and ▁was ▁dissol ved ▁som etime ▁in ▁ 1 8 5 1 . ▁ ▁The ▁first ▁published ▁account ▁took ▁place ▁in ▁ 1 8 5 7 , ▁when ▁the ▁Liverpool ▁Trans cript ▁mentioned ▁a ▁group ▁dig ging ▁for ▁Captain ▁K idd ' s ▁tre asure ▁on ▁Oak ▁Island . ▁This ▁would ▁be ▁followed ▁by ▁a ▁more ▁complete ▁account ▁by ▁a ▁justice ▁of ▁the ▁peace ▁in ▁Ch ester , ▁Nova ▁Scot ia ▁in ▁ 1 8 6 1 , ▁which ▁was ▁also ▁published ▁in ▁The ▁Trans cript . ▁However , ▁the ▁first ▁published ▁account ▁of ▁what ▁had ▁taken ▁place ▁on ▁the ▁Island ▁did ▁not ▁appear ▁until ▁October ▁ 1 6 , ▁ 1 8 6 2 ▁when ▁Anthony ▁V aug han ' s ▁mem ories ▁were ▁recorded ▁by ▁The ▁Trans cript ▁for ▁poster ity . ▁Activ ities ▁regarding ▁the ▁On slow ▁and ▁Tru ro ▁Comp an ies ▁were ▁also ▁included ▁that ▁mention ▁the ▁myster ious ▁stone , ▁and ▁the ▁Tru ro ▁owned ▁aug