That sounds like a good theory to me. The thing is, hatches 18 and 19 are on top of cargo hold #3. Which is the aft cargo hold. She took a nose dive into the lake, which most likely means, she had water in the forward cargo hold. If she had water in the aft section, she would most likely have her decks awash when she beagn to sink. It wouldn't have been a nose dive, instead she would have started to go down in the stern. And the wreck can't prove that. If that happened, McSorely (captain) would have seen the stern go down and would probably have time to call a distress. It is possible though.
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