Gilbert Hedden

Who is Gilbert Hedden?

Gilbert D. Hedden of Chatham Borough, New Jersey achieved the most remarkable progress towards solving the Oak Island treasure mystery.

Hedden became, in 1919, Vice-President and General Manager of the Hedden Iron Construction Company, Hillside, New Jersey, fabricators and erectors of structural steel. On the sale in 1931 of the business to Bethlehem Steel Company, he became plant manager of the "Hedden" works.

In his public life, he served as Mayor of Chatham Borough, New Jersey from 1934 to 1938. On May 8, 1928, he read an article on Oak Island in The New York Times Magazine. Hedden was fascinated by the story and determined to purchase the island and search for the treasure. He spent much of his fortune in search of the treasure.

His search lasted from 1934 to 1936, when he helped arrange for New York University engineering professor Edwin Hamilton to take over. Hedden bought the east end of the island in 1935 and attempted to drain the so-called Money Pit with a pump. His discoveries during the search included finding an inscribed stone, believed to be Masonic, at Joudrey's Cove in 1936.

"The Big Dig: the $10 Million Search for Oak Island's Legendary Treasure" was written about the costliest treasure hunt ever. Lives and vast amounts of wealth were lost. The treasure still remains, and other treasure hunters have since followed. Hedden is the most notable due to his large investments, engineering background, and early discoveries.