I grew up near Possum Kingdom Lake. Not viewing the movie yet, I am unclear on the "conspiracy". According to my grandfather, the legend centered around the fur trade.The area was well known for it's robust fur bearing animals. As the legend goes, a trapper had a very good day recovering game from his snars. On his way home with his many pelts, he was ambushed by the Comache Indian tribe. The trapper tried to out run them, but little did he know the Indians had chased him toward the cliffs of Possum Kingdom. The horse near exhaustion stopped at the edge of the cliff. That's when the trapper turn to his pursuers saying, " I will go to hell, before I give you my pelts". He then turned, spurring his steed to jump off the cliff to his death!
The irony, the Indians just road back down the cliff into the valley. They collected his furs without a fight.
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