"The information can help guide the instructional process. There may be one boy the coach must tell something to 20 times while the rest of the squad needs only seven or eight times. This boy may show high on negativism. He may still be fighting for autonomy, fighting for freedom from his father."
McCloskey, fighting for a winning season, admits that the tests have revealed little he didn't already suspect. "But they've shown that we were right in our estimates of the kids," he says. "If they had turned up differences, then I'd have been worried." Not that he isn't, in a larger sense. Asked to name Penn's chief asset, McCloskey said: "Prayer."
If you haven't seen your broker lately you may have missed a new corporation that has just arrived on the adventure-and-speculation front. It is Treasure Hunters Inc. of Washington, D.C., and its prospectus affirms that it will "engage in the search for sunken cargoes and buried treasures throughout the world." On September 28, when its registration with the Securities and Exchange Commission became effective, Treasure Hunters offered 1,900,000 shares to the public at $1 each, with 20 shares the minimum order accepted. And just to insure that everyone recognized a sporting proposition, the prospectus engagingly advised that "no person should invest in this enterprise any more than he can afford to lose." Thus far, no sportsmen have been injured in the rush to buy.
Daniel Stack of Brooklyn, the 31-year-old attorney who is president of Treasure Hunters Inc., cheerfully admitted the other day that he has had a blue-water urge for a long time: "Ever since I was a boy I've read about the millions in gold doubloons and silver pieces of eight that lie on the bottom. I even took Spanish so I could do original research, but had to give it up when I found I was probably the worst language student Brooklyn College ever had. I tried for a Navy commission seven years in a row and was rejected every time for being underweight. The eighth time I drank nine pounds of water and was sick for three days, but I got my ensign's stripe. Then, just about 1953, when I expected destroyer duty, I was given a desk job in Supply instead. But I can't complain. It was on that job that I began to get the people together who are presently officers in our organization. Now that I'm out of the Navy and the company is formalized, I feel I'm on the threshold of a dream."
Dream or not, Treasure Hunters Inc. has talented direction. Its chairman of the board is Commodore Robert E. Robinson Jr. (Ret.), an Annapolis man who was chief of staff of the North Pacific Command during World War II. Company officers include Cloyd M. Smith, an engineering consultant to the U.S. government and private industry; Edward Bunnell, a ship designer and diver who once held the world's simulated depth-pressure record; Captain Ernest G. Vetter (USNR), commander of the Navy Flight Instructor School at Purdue during World War II; and Robert I. Nesmith, an internationally recognized authority on Spanish coins and pirate treasure.
"With experts like these," said Stack, "and with the nearly $2 million we hope to raise, we should be able to avoid the mistakes that others have made. You need more than sufficient money and equipment to find treasure; you also need accurate research, a well-trained crew, adequate time and a respected reputation."
One of Treasure Hunters' first ventures aims at bringing up a part of the richest of all sunken treasures, that in Spain's mud-covered Vigo Bay. It was there, in 1702, that 23 Spanish galleons, stuffed with gold and silver estimated at $115 million, were cornered and plundered by a fleet of English and Dutch warships. Among those that were lost was one that struck a submerged rock and sank in almost 300 feet off the mouth of the bay, laden with at least $2 million in bullion. Company divers, working under permits from the Spanish government, are currently searching for this wreck on Vigo's bottom; if and when the location is pinpointed Treasure Hunters' salvage experts will move in.
"We were worried," said Stack, "about how we could show our stockholders what we're doing. We think we've solved the problem. The company plans to have its stockholders draw lots to see which one will go along on future exploratory voyages, and the one who goes can report to the others on his findings. Since one-quarter of any prize money goes to the officers of the company and the crew, the stockholder would also get a share."
This part of the offer, Stack explained, is open only to male stockholders. No women will be allowed on the company's voyages: too many complications. "I might add," Stack said, "that this particular rule makes my wife furious."