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.