There's a famous quote from the 1962 Western "The Man Who Shot Liberty Valance" that goes, "When the legend becomes fact, print the legend." It's a suggestion that popular culture frequently turns legends into acceptable truths. It could also imply that legends are sometimes far more intriguing than what history truly reveals. In the case of Cooter Pond, the legend of what supposedly lies beneath has proven to be popular lore.
On the bottom of the pond is said to be at least three railroad cars from a derailment that occurred there in the 1930's. At the time, the Atlantic Coast Line (ACL) operated a railroad between Floral City and Dunnellon. According to residents quoted in newspaper articles in 1983, a locomotive carrying numerous commodities went off the tracks and into the chin deep water.
According to Albert Johnson of Inverness, quoted in this
Ocala Star-Banner article, his grandfather told him of a flat car and several box cars that derailed. He told the paper that the cars were loaded with canned hams and women's apparel, and that "many town residents lined the banks and dove in" to try and retrieve items. Johnson said his grandfather told him a large alligator inhabiting the water scared off the treasure seekers.
Another man quoted in a separate newspaper article said some cars were filled with Chevrolet automobiles. While some others claimed to have seen wheels and axles when the water was shallower, to date, nothing has been recovered. According to a spokesman from ACL quoted in the
Star-Banner story, the last-known derailment in the area was in 1942, and no records existed earlier than that. It's possible there was a derailment and it was simply too expensive to attempt to retrieve the cars, the spokesman said. The rail line since merged several times with other companies, and is now part of CSX Transportation.