Then negotiations were interrupted by the political events which caused the separation of Belgium from Holland. The people of the Netherlands heartily hated England for her leading part in this partition, and not even the allurement of fishing gold out of the sea could persuade the Dutch adventurers to have anything to do with Lloyd's or anything that smacked of the perfidious English. For a quarter of a century, the wreck of the Lutine was undisturbed. Then, in 1846, two enterprising English divers in need of work, Hill and Downs by name, conceived an audacious scheme to enrich themselves. They drew up a petition to the King of the Netherlands, asking that they be permitted to pick up as much gold as they could lay hands on among the timbers of the Lutine. Surprising as was this request, it was not refused. According to custom, the petition was carefully examined at The Hague, and the discovery was gravely announced that there was no legal obstacle in the way of the divers, or anyone else, who cared to seek for the Lutine's treasure.

One of the articles of a new code of maritime law, passed by the States General of the Netherlands in 1838, provided that the salvage of vessels wrecked "on the outer banks of the coast," was thrown open to all persons, under stipulated conditions, and that the wreck of the Lutine came within this act. The government formally notified Hill and Downs that while the right of salvage could not be granted to any particular person, the ground was free on condition that "one-half of all that might be found must be given up to Lloyd's."

The divers may have found some other employment by this time, for they appeared not at the wreck, but the publication of the proceedings awoke the old Dutch company formed by the "Upper Strand Finder" and they opened negotiations with the committee of Lloyd's. No one concerned seemed to be in a hurry to find the several million dollars remaining in the Lutine and nine more years dragged past before a working agreement was signed between the two parties. The Dutch company undertook to carry on the work of salvage, paying over one-half the gross proceeds to Lloyd's.

It was in 1857 that the Dutch went to work, and after a month of exploration the Secretary of Lloyd's received this pleasing information from his agent at the Texel:

"I feel most happy to inform you that the new efforts to save the value out of the Lutine have not been without success. Yesterday there was recovered by means of divers and pincers, 13 silver coins, being Spanish piastres, 1 gold Louis d'or, 5 brass hoops and casks, and a quantity of cannon and shot.

"Considering the value of the saved objects, it may not be of much signification; but the salvage itself is of very great importance, as it proves two facts, namely, first, that the wreck of the Lutine has really been found, and secondly, that there is specie still in the wreck. As soon as anything more is picked up, I will inform you immediately thereof. Be assured, I have taken the necessary steps to secure the interests of Lloyd's committee, as owners of the treasure, which we hope may entirely be saved."

A little later, the wreck was found to be very little scattered and its precise location was determined. The news of the discovered "gold wreck" spread among the fishermen of the Zuyder Zee and the German Ocean and they winged it to the scene until "there were sixty-eight large and well manned boats in the immediate neighborhood looking for plunder." At this threatening mobilization, the Dutch government thought it wise to send a gunboat with a party of soldiers on board.

In the summer of 1858, the divers brought to the surface the bell of the frigate, which now rests in the committee room of Lloyd's with the other relics. The Lutine had been one of the crack ships of the French navy and was captured by Admiral Duncan, he who sent her to her doom. The bell bears on its bronze side the royal crown and arms of Bourbon, and on the rim the name of "Saint Jean" under whose protection the ship and her crew had been placed when she was launched as a fighting frigate of His Majesty, Louis XVI of France.

The treasure seeking was continued for several years, whenever the treacherous sea permitted, until, at length, a great gale out of the northwest closed the channel near the wreck and covered her deeper under the sands. The work was finally abandoned by these salvors in 1861. They had forwarded to England for the benefit of Lloyd's a total amount of £22,162, to show that the undertaking had been worth while. In the Act of Incorporation of Lloyd's granted by Parliament in 1871, the treasure recovered, as well as that still left in the wreck, was carefully referred to, and it was stated that "the Society may from time to time do, or join in doing all such lawful things as they think expedient, with a view to further salving from the wreck of the Lutine."

It seems rather extraordinary that the exact amount of the treasure lost in the frigate should be a matter of conjecture, and that the records of Lloyd's throw no light on this point. The explanation is that only part of the precious cargo was insured by the underwriters then doing business in the Royal Exchange building, and that a large amount of gold coin and bullion was hastily forwarded to the Lutine by divers bankers and merchants shortly before sailing. The records of these consignments were, of course, scattered and have long since been lost.