Southern shield., 1858-04-03
Treasure Haunting in she Sea.

At meeting in this city on iYednes- day of the stockholders of the Boston Relief and Submarine Company an in- tereshng report was made by the direc- tors of the result of two expeditions of the company to recover treasures buried in the sea. One of these ex- petitions was to raise the vessels and other materials sunk by the Russians in the harbor of Sebastopol. In this ex- petition as yet only partial success has been obtained. The two vessels of the expedition arc, however, to be employed the coming Geasonin operat- ing upon vessels in Turkish waters.
 The other expedition has been sent to the Caribbean sea, under the com- mand of Capt. Couthouy. After va rious misadyentures, the whole of the crew being attacked with yellow fever at St. Thomas, from which they all fortuntely recovered, at length the Bay of Cumana, in Venezuela, was reached, where work was at once com menced upon the sunken Spanish frig- ate San Pedro, andit has been contin- ued steadily ever since. The several divers connectedvith Capt. Couthouy's force spent in the aggregate about eight and q half hours under water daily during the time they had been at work upon the wreck.
 After removing a vast amount of deck material, the divers penetrated into the deck-ro where they found gun carriages, deck furniture, Sc, pill ed up in one large mass, making any attempt to work useless without first removing it. At this place four mag niicent brass cannons were taken out, and eleven strange boxes, supposed to be cast-steel ; they were of the size of candle box, but were thought by some to be platina. Silver dollars were also found at the depth of sixty feet in the water covered with mud, but they were mostly separate. Sev- cral gold watches were here taken out, and many other articles and the divers came to the conclusion that when the explosion of the vessel took place these articles were driven from the forward part of the ship, where tie bulk of the treasure undoubtedly remained. Taking this as 3 reasonable view of tie case, they proceeded to their work with renewed v;gor, anl after great difficulty succeeded in clearing sway the large amour. e raJ5ish, and ob- taiucd an entrance to thc hold n the forward part of tie ship on the 12th of December last. About 5700 in specie and another brass Six-poundar were taken out at this place in short time, also watches and many curious relics. The money found here was cemented together inrolls of SI5, S2O, and $100 each, and plainly showed that they must be very near tho vast amount of money contained in this ship. According 10 the official docu- ments, when the San Pedro went down she contained one million Spanish dol lars and a million and a half in gold, . large portion ofwhich should De there still.
 The work was now fairly commenc- cd, and the directors felt greatly en- couraged, and saw no reason why the stockholders should not be so. The last advices, which were up. to Janua- " 1st, represented that they had been unexpectedly stopped in thoir labors by timber, &c., in the hold, but hoped in short time to remove 1t. In the mean time Captain Couthouy had been to the capital to obtain license for his divers to dive for pearls at the Pearl bank. -Bo8to0 Traueler.