Background: Part 2 of our series on the elusive Money Pit on Oak Island continues from where we left off in Part 1, which covered the initial discovery of the pit in 1795 up to 1867. Part 2 covers the dissolution of The Oak Island Eldorado Company (later known as the Halifax Company) in 1867 up until a fateful day in 1965, when the island would claim its next four victims in just a matter of minutes. Tragic as this was, this did not deter the line of treasure seekers from that moment until the present day, even though local legend claims the island will take one more life before it will give up its secrets.