Dateline: September 1924
After the majestic Potter Hotel burned in 1921, homes and hotels began to be constructed in that area. “Whispers of lost jewels and gold in the ashes of the once stately Ambassador [Potter] Hotel started after [it] burned to the ground in 1921 . . . Since that time, workmen occasionally have discovered jewelry of varying value among the ruins, and for years, many people carefully scrutinized the ashes at every opportunity in hopes of recovering some of the lost treasure.
“Recently . . . a workman on the hotel grounds was reported to have discovered a diamond brooch valued at approximately $15,000. The following day, he failed to reappear at the grounds for his daily work. Furthermore, inquiries revealed that he had left the city, and his whereabouts were unknown.
“Since that date, workmen excavating for new residences on the hotel grounds, have shown renewed activity in their work. The site of the old hotel is a continuous attraction, and explorations through the debris in search of sparkling solitaires and necklaces has become a favorite pastime.” – Santa Barbara Morning Press, Sep 21, 1924
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