The times. [volume] (Richmond, Va.) 1890-1903, 1898-08-02

out 20 witness the experiment and they
were to be there that night
And come they did. one was A. r.
RYAN a jewclcr and capitalist from MIDI
dletOwn. Conn. the other MI. flffson,
n florist. from the same town. boin OF
whom were willing 20 put money IN the
gold business should II be found TO Work.
The night was cold. but from lale illn9
afternoon until early morning the pro-
moter and his dupcs sat I'm the little
board shanty listening 10 the p''tin6 OK
the waves on tho rocks and dreaming the
widest dreams Of avafice.
Tho reverend inventor explained lne
process with scientific eXactliude' IN
small lead-llncd square box was piaeed
n quantity of quicksilver, when mo
knowing capitalists had thems'l'.s
brought % the spot IN order that u,eell
should be impossible. This box was tn'l
connected with an electric battery any ,
lowered into the sea. The salts or boiu,
with which it e. woll-knOwn tact ,htt
the water or the ocean is 60 certain
extent impregnatcd. we're 20 DO decoh-
posed by the action OF tho electro gu,
rent. and the gold thus set free Wouiu
amalgamato with the quicksilver rom
which II couis be easily separated .s
simple chemical process. lne ni'N''
listened and believed. The box was
Neither Fisher nor phelan appeared on
the stage during this act inc ia,,er
remained on shore manipulating the mo
limo attached 90 the diver. who. waiting
until thu shades OF night rendered coN-
cealment easy. slipped into the wafer
and. guided by the submarine cable, mace
his way TO the leaden box. from Whi.h
he unccrcmOni0usly dumped OUT tne
quicksilver deposited therein by tne
trusting angels of Providence and SUD-
stituted a quantity % his own containing
a g00dly almixture of the aurilerous
metal.
In the morning The box was drawn up'
its contents removes and submitted 20 an
assayer for examination. Result. anou.
$3.50 worth ~ gold end the packers "h
the scheme in ecstRcy. They immediate
ly expressed themselves os willing 70 ih-
vest largely iu suitable machinery etc,
for the operation OF the process on
large scale. and o. draft for good
round sum a few dave later gave sunstah-
tial proof OF their faith POO the alleged
experiment
So the company WAS formed and other
dupcs secured among them Rev. Nr'
Arlington, also a Baptist minister VINO
was sent abroad 20 raise funds for inc
enterprise. Stul another clergyman, %
Rev Mr.. Tullor OF Jamaica fIains'
Mass. was caught for 1900. and IaWl en-
KIlcore. of Boston. lent $500 tC Che un-
dertaking az 100 per cent. annual interest.
Jernegau went 20 London England, where
he opened O laboratory at ij Gloucester
Place. Portman Square under tho elias
OF Dr. W L. Stanley. They next opened
an ONCE at $50 State street Boston estap-
ikhed works az North Lubec, on Tho
Maine coast and oaussd the report 20 BE-
circulated that they were drawing gold
out of tho ocean By the bucketful.
I'm the meantime Phelan had ment in n
bin for 500 10 Jernegan and had received
$500 although the original UNDERSTANDING
had been that he was 10 set his own price
for his services This apparently onfered
him and ne notified Jernogan that no I'M
tended 20 Withdraw from the enterprise.
The promoter and Fisher both eudeayorcd
10 dissuade him from this course, bug
while ne succeeded i'm securing The iul
amount OF his fee charged. he lott the
company" very shortly after the FIRST
successful experiment I'm Narragansott
Bay.
His explanation of the manner I'm which
tho bubble was finally burst SIS that a
certain party connected with the scheme,
feeling himself aggrieved, requested an
explanation of sundry events which. not
being forthcoming DE made the disc
closures which resulted in the vanish
mont OF tho schemng pdrson and Ibis
adrOit assistants. Marcus Jornoeau and
Diver Fisher. Detective pho'an is posse
tive however that none of them arc cute
! edo of New YorkIan says that "a deter
mined and united effort ON the part of
tho stockholders would speedily lead to
the arrest and punishment of the guilty
es.-phuadelphia Times