Legends and myths regarding RMS Titanic
At the time the "Titanic" sank, the 1 May 1912 issue of "The Popular Magazine", an American pulp magazine, was on the news stands. It contained the short story "The White Ghost of Disaster," which described the collision of an ocean liner with an iceberg in the Atlantic Ocean, the sinking of the vessel, and the fate of the passengers. The story, by Mayn Clew Garnett (the pseudonym of sea-story author T. Jenkins Hains), created a minor sensation. In 1898, fourteen years prior to the "Titanic" disaster,
Morgan Robertson wrote a book called "Futility, or the Wreck of the Titan". This story features an enormous British passenger liner called the "Titan", which, deemed to be unsinkable, carries insufficient lifeboats. On a voyage in the month of April, the "Titan" hits an iceberg and sinks in the North Atlantic with the loss of almost everyone on board. There are some similarities between the fictional sinking of the "Titan" and the real-life sinking of the RMS "Titanic".
Wreck of the RMS Titanic
The following year, the British billionaire financier and tycoon Sir James Goldsmith set up Seawise & Titanic Salvage Ltd. with the involvement of underwater diving and photographic experts. His aim was to use the publicity of finding "Titanic" to promote his newly established magazine, "NOW!". An expedition to the North Atlantic was scheduled for 1980 but was cancelled due to financial difficulties. A year later, "NOW!" folded after 84 issues with Goldsmith incurring huge financial losses.