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$500 Million in Sunken Treasure Returning to Spain (Lawyers beat treasure hunters)
Fox ^ | Dec. 23, 2009 | staff

Posted on 12/26/2009 12:34:43 AM PST by tlb

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To: FrankR
"But, he was light years ahead of the pond scum bottom feeder we have in office now."

You're right of course.

21 posted on 12/26/2009 2:15:50 AM PST by Mila
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To: tlb

They should put it back then.


22 posted on 12/26/2009 2:23:27 AM PST by NoLibZone (Be of good cheer, could have been worse - McCain could have won! If Reagan rises & runs I'll vote.)
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To: tlb
Whatever happened to "Finders keepers........?"

If this is not the most insane, asinine, legal ruling I've seen in my 66 years--and I've witnessed plenty--it at least is in the top 10.

Carrying this IDIOT, MOONBAT, Judge's contrived legal opinion to the extreme, anyone finding a $20 bill--or even a quarter--on the ground or elsewhere, would be legally bound to return it to its rightful owner (Uncle Sam) even if said legal tender, was discovered outside the US controlled borders or waters.

UN-Frikkin believable!!!

23 posted on 12/26/2009 2:25:26 AM PST by Conservative Vermont Vet ((One of ONLY 37 Conservatives in the People's Republic of Vermont. Socialists and Progressives All))
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To: papasmurf

“This is going to appellate and, if necessary, the Supreme Court.”

I wonder how the “wise Latina” will rule ?


24 posted on 12/26/2009 2:27:32 AM PST by PLMerite (Ride to the sound of the Guns - I'll probably need help.)
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To: Conservative Vermont Vet
Whatever happened to "Finders keepers........?"

If this is not the most insane, asinine, legal ruling I've seen in my 66 years--and I've witnessed plenty--it at least is in the top 10.

No it is not.

The law is intended to discourage scavengers from looting war graves.

Do you want salvage divers sifting through the wrecks at the bottom of Pearl Harbor?

After reading Post 15 it may not be a perfect fit to this wreck but it is a good law.

25 posted on 12/26/2009 2:41:36 AM PST by Pontiac
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To: tlb

Finders keepers. District Judge should walk plank yeasterday and be ignored.


26 posted on 12/26/2009 2:42:23 AM PST by screaminsunshine (!!)
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To: tlb

It gets me to wondering if Judge Steven Merryday has had some ‘private conversations’ with someone in Spain about this case.

With even one percent of the recovered amount for Spain could be enough to retire on very nicely.


27 posted on 12/26/2009 2:46:17 AM PST by RetSignman (Townhalls ..."We have seen the Patriots and they are us")
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To: anglian

anglian wrote: “Who has confirmed that it is the Spanish warship Nuestra Senora de las Mercedes?”

..... Being a naval history buff, I’ve been following this story since it appeared over the summer. Given the locale of the search and the quantity and dates of the recovered coins, it is almost certain that the wreck was that of the Nuetra Senora de la Mercedes. This vessel was one of a squadron of four frigates of the Spanish navy transporting a large cargo of treasure to Spain from Montevideo. The squadron was intercepted at sea on the morning of 3 October 1804 (at which time England and Spain were officially at peace) by four British frigates about 27 miles from Cape Sta Maria on the Spanish coast. In the ensuing battle, the MERCEDES suddenly blew up and sank after about ten minutes of fighting. The remaining Spanish frigates FAMA, MEDEA, and CLARA were captured by the British and carried back to England.

According to the “Naval History of Great Britain” by William James:

“The cargoes of the three captured frigates, consisted of Vidona wool, cascarilla, ratinia, seal-skins, seal-oil, bars of tin, pigs of copper, dollars, and ingots of gold, and netted very little short of a million sterling. Therefore, as the Mercedes was similarly freighted, the total value of what had been shipped on board the squadron probably amounted to nearly a third of a million more.

Note: the above assessment of cargo value was made in the early 19th century.

The attorneys for the salvors have a quite valid argument that much of the cargo was not in fact the property of the Spanish government, but private property. My personal opinion is that, having made no attempt on their own to recover this cargo sitting 27 miles from their shore over the intervening period of 205 years, the Spanish government at the very least owes a VERY substantial finder’s fee. But the law pertaining to such matters is both murky and capricious: perfect waters for the legal sharks.

Peru’s venal coattail claim is perfectly laughable, considering that Peru did not even exist as a nation at the time of the loss.

- - -

I hope everyone had a happy Christmas. Best wishes to us, one and all, for a good New Year.

>>> Remember November <<<


28 posted on 12/26/2009 2:59:40 AM PST by Senator John Blutarski (The progress of government: republic, democracy, technocracy, bureaucracy, plutocracy, kleptocracy,)
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To: NoLibZone

NoLibZone wrote: “They should put it back then.”

..... There would be a certain perverse justice in that.


29 posted on 12/26/2009 3:01:39 AM PST by Senator John Blutarski (The progress of government: republic, democracy, technocracy, bureaucracy, plutocracy, kleptocracy,)
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To: Ronin
Your right on that...if Spain wanted it they should have sunk the time and money into looking for it...it stinks that countries do that...Even the US.....

It should be *find treasure*--*put treasure into pocket**--go home with treasure** and screw anyone that wants to steal it fron you....

30 posted on 12/26/2009 3:43:01 AM PST by goat granny
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To: tlb

I can potentially see a booming business in boat portable gold smelting furnaces in the future if this stands.

Once the gold is cast into bars, no one will be able to prove where it came from. Sure you lose the historical value, but gold is gold and a good find could still net a tidy profit.


31 posted on 12/26/2009 4:17:52 AM PST by Dr.Zoidberg (Warning: Sarcasm/humor is always engaged. Failure to recognize this may lead to misunderstandings.)
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To: Conservative Vermont Vet
Carrying this IDIOT, MOONBAT, Judge's contrived legal opinion to the extreme, anyone finding a $20 bill--or even a quarter--on the ground or elsewhere, would be legally bound to return it to its rightful owner (Uncle Sam)

Have you had any dealings with the IRS lately. They tell you how much you owe them and even if you prove that what they say you owe is more than you make in 4 years they will seize all of your assets until you pay what they, arbitrarily, say ids theirs. It is clear that government sees all funds as theirs and only through their benevolence is anyone allowed to keep some scrap from the government table.

I thought the emancipation act was supposed to stop this but I guess slavery is only OK when the government does it.

32 posted on 12/26/2009 4:43:10 AM PST by Gordon Pym
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To: Dr.Zoidberg

OK, the next time anyone finds a Roman wreck, I guess the finds belong to the government of Italy...


33 posted on 12/26/2009 4:43:18 AM PST by CondorFlight (I)
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To: coydog

Yup you nailed it!


34 posted on 12/26/2009 4:58:47 AM PST by Red in Blue PA (If guns cause crime, then all of mine are defective!)
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To: wardaddy

The next big find will be kept private. No press. F em!


35 posted on 12/26/2009 4:59:41 AM PST by stephenjohnbanker (Support our troops, and vote out the RINO's!)
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To: tlb

This ruling means that in the future, wrecks found in international waters will be secretly looted, with the cargoes sold off on the international collectors’ market with no publicity, instead of being explored by archaeologists. Vital chapters in human history will now remain unwritten.


36 posted on 12/26/2009 5:41:10 AM PST by BlazingArizona
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To: Mila

I would not infect my buttocks by wiping it with a lawyer’s face. May all of these blood sucking maggots rot in gehenna forever.


37 posted on 12/26/2009 5:49:01 AM PST by Bulgaricus1 (Fill your hand you son...)
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To: Hexenhammer
"After 200 years of non-action, they gave up their claim"

....abandoned propriety!

38 posted on 12/26/2009 5:49:04 AM PST by cambyses ("A big lie is more plausible than truth" E. Hemingway)
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To: tlb

If the Little Red Hen had been sued by all the other farm animals, this judge would have made her give up her bread to them.


39 posted on 12/26/2009 6:08:44 AM PST by wildbill (You're just jealous because the Voices talk only to me.)
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To: Daffynition

In this “let’s be fair” generation. Let’s give Peru who lost it 25%. Spain who transported it 25%. The British who sunk it 25%. And the treasure hunters who found it 25%.


40 posted on 12/26/2009 6:34:03 AM PST by Colorado Cowgirl (God bless America!)
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