The San Francisco call., 1898-08-14

ment on the payments to be made.
 After staying in Providence two or three days 1 came to New York, hav- ing done what Fisher had requested in the way Of aiding hirn in his experi- ments. According to instructions I sent on my bill-$500. Instead of pay ing it promptly Jernegan sent me $200 by Fisher. I protested vigorously and said that l proposed to have the full amount of my bill. After some delay it was paid.
 l thought the matter over and con- cluded to get out of the business, and [ so informed Jernegan. He said that he was sorry to lose me and hoped that would remain, but my mind was made up and they couldn't change me.
 But the promoters continued to visit me as usual and still urged me to re- sume operations. They even wanted me to accompany them to Europe on a money raising trip for further promot- ing the scheme. but I declined. wanted nothing to do with the affair in any shape or manner.
 Later the Rev. MT. Arlington, a Bap- tist clergyman of Newburyport. was persuaded to join the enterprise and they sent him abroad to raise funds.
 Jernegan soon followed and opened a laboratory at 75 Gloucester place, Port u. operated under the alias of Dr. w. l.. Stanley at that address. This was at the beginning of the London season of last year.
 For time I heard no more of them until l learned that a gentleman-Mr. Kilgore, lawyer, of BoSton-had loaned them $3000 for which he was to receive 100 per cent interest, payable mi-annually. In view of the declara- tion that they could take gold out of the ocean day and night, without labor or particular expense, this was no more than for a laboring man to pay 1 per cent for money.
 Another man was duped by the scheme-the Rev. Mir. Fuller of Ja- maica Plains, Mass.-and induced to in vest $2000. He was so infatuated with the prospectus that he even mortgaged his house to join in the great work of plunging your hand in the ocean and pulling cut fortune.
 next learned that the syndicate had opened offices in Boston, at 53 State street, and were doing business on a large scale. They had established works on an island at North Lubec, Me. The report sent abroad was that they were taking out gold off the Maine coast by the bucketful and sending 1t through their bankers, MeSsrS. Ladenburg, Thalmann & Go. of 40 Wall street, to the United states Assay O1nce, or which MT. Torrey is the head
 The total, representing $15,000 to S20.- 900, was sent in various sums from time to time. But these amounts do not by any means represent the full amount of gold sent to the assay office.
 This Rev. Mir. Jernegan is a polished gentleman. He has a classical educa- tion, but he does not talk like a clergy man. He breaches a beautiful sermon and has @ fine delivery, but his con- versation was far from that of a clergy man during week days when he was on his. great still hunt for fortune in the bottom of the sea.
 It will be observed in his letter to \ Diver Fisher, who was his old play mate in Edgartown. that the Rev. Jer- negan had no hesitation in admitting his manifold shortcomings. His refer ence to his lust for gold and evidently lust for women, as having been the vexfng problem of his life, hints at a phase of the story.
 Here is the letter In full, which refers to his financial affairs at the beginning of their venture, when clergymen and capitalists were coaxed into the trap, as well as to his lust for gold:
 CASTLE SQUARE HOTEL, Boston, Feb. 26, 1S98 ?. m.--Dear c.: You will see how T. Is getting along by inclosed
 ''I am almost sick abed. Have lost nine pounds in the last few weeks. Took a Turkish bath this morning and am going to bed now and take the best of care of myself. ,-or, vo-,, ,,o h received.