The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-21

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leave larger god reserve than this coun-
try has ever known TIE waters that
sweep in ana out of New York bay daily
contain gold enough to buy all the ships
and merchandise borne on their surface.
"Eacn one Of our 80 machines use wa
ter Independently of all the rest, and so
easily managed are they that three men
only will be required 10 operate them. So
simple Is the secret that were We 10 re-
veal it every man could set up a gold fac
tory on the seashore.
ITO guard our secret we shall employ
armed Watchmcn day and night The peO-
PIE have been very curious regarding our
experiments. which have been carried on
in a sloop, and We have seen story after
story about the mysterious sloOp seen here
and there in the sound or of the New
England shore. For more than a year
these experiments have been carried on,
and now the method is perfect
a grain OF gold is worth 43 cents. and
the cost Of getting it is very small so that
a fortune of untold amount awaits us.
This IS no vision for others have seen the
results besides US. With a crude machine
We secured 81, 100 in one month. So far we
have expended $1,000 in perfecting the IN
yention and now get 500 a day, and by
spring We VIII exceed our highest prOphe-
cy yet New mills VIII be built from time
to time, and no one can compute what this
company viii be able to get out of old
ocean.
Mr. Ryan is so confident of his plan be-
ing a success that he says he has refused
81 o00.0O1 for his share of the stock.
1t appears that the clergyman, after he
received what he terms revelation in
heavenly vision in regard toi the floating
billions Of gold in the sea, made an ex-
pertinent on the coast OF Florida which
satisfied him that the secret meant riches
beyond estimate. Then he sought aid in
all. Tal
These he found combined in the person OF
Mr.. Ryan, who is a jeweier of excellent
reputation here, and who was formerly
an alderman
When the Rev. Mr. Jernegan was pastor
OF the Baptist church here Mr.. Ryan was
one of his deacons and was known as a
liberal contributor to the church funds.
He heard the preachers story with in
tense interest. and after seeing a test
promptly made an agreement with the
pastor TO share his toll and gold, and ad-
vanced the money necessary for begin
ming operations at once.
The first tide MILL a far as I can learn,
was set in motion about Oct !, and since
then the tireless sea, harnessed by these
highly favored gentlemen. has been toiling
for them like bond servant delivered in
to their hands and made to work day and
night At last persons fond of quotation
will have TO renige on that story that THE
mill will never grind with the water that
is past" for that was written of the plain
old grist mill. Now the churning tides, ac-
cording 10 Mr.. Ryan's story, ebb and come
back again, gold laden, to yield new spoil.
So you see, the shadows of Ryan and of
Jernegan fall in a single day across that
Of the founder of Dawson City and oblit-
crate it.
VERY simple" says Mr.. Ryan. 1T has
long been known the sea is impregnated
70,
gold so rapidly that the mind can scarcely
conceive the wealth at our command.
That's all there is about 1t. Every one
VIII believe it by New Years"
And there you are. OF course there is a
company and all that and of the objects
of such a company all men, says Middle
town on hearing of It, will judge according
to the light that is in them-which, in Con-
necticut it is generally conceived, is
enough to guide the average man past pit
falls of the nature of the South sea bubble
The Rev Mr.. Jernegan, it Is said, will
give up preaching to assume a share of
the management of the work, as if to make
sure by personal supervision that the pos
sibnites of the vision which came to him
as he sped southwark a year ago are prop
erly developed. Whether or not he has
projected far-reaching schemes for the
amelioration of mankind through the gold
en- key which Mr.. Ryan says was thrust
into his hand, does not now appear.
A word here Of the clergyman himself.
Mr.. Jernegan is a graduate of Newton
Theological Seminary and post graduate
of Wesleyan. As a student at Phillips.
Andover, and Newton he was known as a
grind" and a constantastudent of chem
istry. AS a preacher he continued his re-
search. and looks now, Mr.. Ryan says. as
if he had outdone the alchemists and Ros-
icrucians in their palmiest days He is
spend his time at Passamaquoddy Bay,
while Mr.. Ryan says he will attend to the
coinage of the gold end silver If their in
vention is one-fourth as successful as
they imagine, he says, it will revolution
ize the market ratio of these two metals
and change the status of the monetary
question in a few months.
Some of the leading capitalists of New
York and Boston. Mr.. Ryan says, are now
interested in the company, among them
being a Boston man who is financial man
ager for Secretary Long of the navy.
"Electrolytic" is the descriptive word
used i'm Incorporating the company. 1t is
supposed here that Passamaquaddy Bay
was chosen because of its remote position.
The only town of Importance thereabouts
is Passport, known as the place where,
by the simple process of labelling, her
rings are transformed into sardines There
are many locations on the shore where
salt water is cheap ana where the lnnaDl-
tants are few The railroad facilities are
poor 1t is believed that in spite of the
present sparse population, a widespread
acceptation of Mr. Ryans story would
arouse curiosity not to say greed, to such
an extent, that the National Guard of
Maine would be necessary to protect the
tide malls. Safety lies, perhaps, in the
likelihood that the horny handed fisher
men may hear the tale as one fitted to be
"told TO the marines"
Mr. Jernegan, it is said, would accept
no salary when preaching in Mddletown,
believing that 1.-THE Lord would provide"
IL is said that he was very poor before the
vision of gold came to him.
The police of towns along the sound will
find much needed light in Mr.. Ryans an
nouncement that the long, black, LOVELY
ing rakish sloop' with which they credited
so many burglaries along shore, was en-
gagged in a legitimate enterprise
Every lime a grocer missed a cheese or
a hen roost was robbed, the police, fail
Ing to locate the criminals ashore, told
tales of this black sloop's appearance soon
before the thieving, with the result that
sound pirates were accepted as existing
and thriving The sioop, it will be re-
membered, used to fool around on a lee
Ill ..rvr l..