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Legends of Cayman's occupation by pirates during the 18th century, including treasure caches left behind by Edward "Blackbeard" Teach, Neal Walker (in Little Cayman) and Henry Morgan, continue to be a romantic but historically questionable part of the folklore of this Western Caribbean country.
One of the most colourful historic legends, The Wreck of The Ten Sails, was recently "rewritten" in an accurate account uncovered through detailed research by Dr. Margaret Leshikar Denton.
On February 8, 1794, not November 1788 as long thought, 10 merchant vessels went aground in rough seas off Grand Cayman's East End, led by the HMS Convert. Contrary to an enduring popular legend, the convoy did not carry Prince William, the future King William IV, or any member of the Royal family, whose courageous rescue by Caymanians was attributed with the granting of the Cayman's freedom from taxation by King George III.
Another important historic event is considered the "Birth of Democracy" in the Cayman Islands. Pedro St. James great house in Savannah was the site of a historic meeting of residents which took place on 5 December, 1831 during which it was resolved that representatives should be appointed for the five different districts for the purpose of forming local laws for better Government. The elections took place on 10 December in the five districts on Grand Cayman and on 31 December they met as the first Legislative Assembly for the first time in George Town.
In addition, another historic event took place there in May 1835, when the proclamation declaring the emancipation of all slaves throughout the colonies was read at Pedro St. James and at a number of other prominent places in the Cayman Islands.
(Article from: www.caymanislands.ky )