The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-08-01

large sum to his credit. The president of this
institution had wired to one Boston bank
on which a draft for large sum was
drawn. as to whether IL was all right, and
received the reply that the draft was good.
The funny thing was that this customer
when he withdrew money would not take
check, but wanted cash. On one occasion
he paralyzed the president by asking the
president to have $4,000 in bills got ready
for him by the following day or the day
after
NO USE FOR CHECKS.
The president asked an explanation of his
mysterious customer, who was no other
than P. F. Jernegan inventor and pro-
moter, and general manager of the gold
from-the-sea-water outfit, and was told
that the money was to pay for extensive
machinery for his secret process. 1t would
not do, he said to give checks in payment,
because the constructors of the machinery
would thus get clew to its use, and his
secret would be discovered.
This explanation went" and he got the
$4,000 in bills. The astute reader will now
guess that he Rev Jernegan was the mys-
terious person who sat in the cab while
with his bag full of big bills. and so he was.
II was also learned that Thompson was not
thompson at all, but some other fellow He
was traced to New York hotel. and it was
found that he had registered himself as A.
{. Spencer. Jernegan in the meanwhile was
receiving drafts upon New York banks
drawn by Boston institutions against which
be drew cash in one-thousand-dollar bills.
The Boston banks were notified, but the Of
ficers, being of a con1ding disposition,
thought that the Electrolytic Marine Salts
Company was sound and that Jernegan was
all right.
Thompson began to show evidences of I'M
easiness, and on Friday last the keen eyes
ever watching him saw him go to the office
of the French line steamers. Here he en-
gagged passage to Europe for Louis Sinclair
and wife, of No. 10 Market street Chicago.
On that same afternoon the Rev. z. r, Jer-
negan called at the Brooklyn institution,
where he did business and drew $4,000 In
large bills, closing the account.
On the following day-last Saturday-he
appeared on the steamship Navarro with his
wife and boy. accompanied by thompson,
who had evidently called to say adieu to his
brother for it had been aScertained that
Thompson was not Thompson, nor was ne
Spencer, but that he was Marcus W. Jerne-
gan, of Providence, r. l.. brother of the
minister. The bank had a photographer on
hand TO take q snap shot OF this interesting
party, so that their identity could be clearly
established II necessary. on examination Oh
name could not be found, and after rigid
search it could not be established tnat LoulS
Sinclair was ever located at NO 10 Market
street. Chicago, that address being vacant
lot.
The Boston banks finally woke up. and
payment was stopped on drafts for large
amounts drawn by p. F. Jernegan. Some OF
the Boston stockholders came on to New
York yesterday in search of their departed
general manager. AS to the means by
which the reverend gentleman Succeeued IN
opening an account with the Brooklyn in
stitution, il YVES stated last night tnat ne
was introduced by a man named Fisher, VINO
had been q depositor Mr.. Thompson ac-
count at the Fourth National was closed at
the invitation of the president, expressed III
language more forcible than pohte AT last
accounts Mr.. Thompson was IN clrcu u a.
ton but he is such an object of interest 10
certain persons that they are not ilkely 10
lose sight of him IN a hurry