The Black Lagoon is found deep in the bowels of the Raquette River. Legend has it that many years ago, two local boys (neighbors both aged 12) drove their small fishing boat into the lagoon just at twilight. They were not seen again for more than 15 hours. Parents and neighbors searched frantically for all those 15 hours to no avail. Police were brought in as well as an underwater recovery team. Then suddenly the two boys were found about ¼ mile away where Little Cold Brook runs into the Raquette River. The boys were sitting on a low branch of a pine tree. The boat was never found. The rescuers who came across them were retracing their tracks from a few minutes earlier and were stumped as to they could have missed the boys on the way through. The boys grew up, but neither spoke again.
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