It is said that the devil's cave is under this stone, and that it contains hidden treasure. Many times the treasure has been sought for, but no bottom could be found to the stone; and hence it was supposed to be protected by the devil. Still adventurers continued to dig, until the excavated hollow round the base of the stone became filled with water, and it stood in the centre of a small lake. Then an attempt was made to draw it out of its place by a yoke of oxen, who strained so hard a the task that the chains snapped, and the attempt proved abortive; although the guardian spirit of the stone appears to have taken alarm at the project, for he is said to have flown away in the shape of a drake, at the moment when the chains broke. Subsequently the stone sank into the earth, and totally disappeared, and for many years the plough passed over it.George Oliver, in The Gentleman's Magazine for June 1833, p580.
In all material points, I am persuaded that this tradition is purely mythological; for the Drake Stone was but slightly fixed in the earth, and at the time when these attempts were said to have been made, the bottom could not have exceeded a foot and a half from the surface of the ground; besides which, no one pretends to assert that any of these experiments occurred in his time; and the oldest person I have consulted, says, that "he had the tale from his fore-elders."
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