The Mystery Ship in Lake Michigan
One of the most persistent rumors of sunken treasure is that of the Poverty Island wreck of an unidentified vessel which sank off Escanaba carrying a load of $4,500,000 in gold bullion. If Lake Michigan does hold this ship, it has the richest treasure of the Great Lakes. If legend is true, this nameless vessel was sailing from or to Escanaba. Its gold was being transported in five chests sent by a foreign power to help finance the outcome of the Civil War – in whose favor nobody knows.