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...Chile's second largest city, Concepción, the army has issued a "silence" order on some urban blocks so rescue workers can hear the possible tapping of survivors under the rubble of the massive 8.8-magnitude earthquake that hit the country on Feb. 27. The quake may be, as Chilean President Michelle Bachelet said on Sunday, "an emergency unparalleled" in the country's history. But the death toll - fewer than 1,000 so far, despite the quake's being one of the strongest ever recorded - is a tribute to Chile's remarkable preparation and response...

Author: /time Magazine | Title: Chile: Prepared for the Quake but Not the Tsunami | 3/1/2010 | See Source »

Following a steady procession of other curious adventurers, Webber launched his first search for the Concepción in January 1977. He was backed by a consortium of bankers and aided by a team of divers, cartographers, numismatists and electronics technicians. His fishing boat was equipped with sophisticated tracking instruments in addition to $15,000 worth of maps made from aerial photographs. This was not, as Webber put it, a Captain Kidd operation. Said he: "It was purely academic, based on research and scientific technology." Webber did have to strike a sort of treasure hunter's bargain, however...

Author: /time Magazine | Title: Science: The Treasure of Silver Shoals | 1/15/1979 | See Source »

Five months and 13 shipwreck sites later, Webber conceded defeat, even though he knew he had probably floated right over the Concepción. The problem: his principal tool, an onboard magnetometer for detecting telltale aberrations in magnetic fields, could not be used effectively. Haskins' research had revealed that the galleon was outfitted with nonmagnetic bronze cannons and that its iron anchors had been cut loose in deeper waters. The ship's remaining iron artifacts, such as hull fittings and cannon balls, had slipped into coral crevices where the device could not detect them...

Author: /time Magazine | Title: Science: The Treasure of Silver Shoals | 1/15/1979 | See Source »

...from the spot indicated by the 17th century expedition's log, they found iron fittings and pottery shards. Soon after, they found a 17th century Spanish olive jar, a rare Chinese cup and silver pieces of eight dated 1639 and earlier. Not a trace remained of the Concepción 's wooden hull...

Author: /time Magazine | Title: Science: The Treasure of Silver Shoals | 1/15/1979 | See Source »

...Dominican corvette now guards the site as plaudits pile up from other sea hunters. Admits Jacques Cousteau: "I would have liked to discover it myself." Melvin Fisher, president of Key West's Treasure Salvors Inc., calls the Concepción "a fabulous find, a major discovery," but he cautions that Phips may have virtually exhausted the treasure after all. For now, Webber can afford to shrug off any doubts. His backers' investment of $500,000, he reports, "is already covered." And the salvage operation, confidently scheduled to last six months, has just begun...

Author: /time Magazine | Title: Science: The Treasure of Silver Shoals | 1/15/1979 | See Source »

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