New-York tribune., 1899-02-12

known as a distinguished chemist. and cleared
500 900 by the sale ~ new anahne DIAN,
succeeding in escaping win ms Spots pcio,e
the real owner and patentee ot the process az
rived to dispute his claims. lie next SWihui'u
Governor Sprague. Of Rhode Island, out VI
so ODD tabled process for the cheaP ~
traction Of maddcr and during the eighteen
months that elapsed before the bubble burst Is
known to have incurred expenses exccedlns
S1OtOOO contracting large pecuniary opl6"-
tions Of ready money In addition 10 MS outldy,
lie next invented ole0margarine and contrlVed
TO organize a stock company with capitai oI
S5ODND for its manufacture. lnF'SuSdliol
proved that he had only worked out the lued
Of the Parisiau Mcgc Mouriez the original IN
vcntor OF the process. hut then Parai amer
can company dispatched son ol IT"l'sS"l ,',.
Doremus to Paris to save It's own sianuInB o ~
The purchase Of the American TlSh| Win" "
obtained for SlOWO.
THE PHILOSOPHERS STONE.
P,raf stin large shareholder, next came TO
san Francisco to dispose Of the right to manu-
faciure olcomarsa,ue in this state. ana /" Su
perinteud the erection Of works. during III,
nj scnce the oli company in NcW-Y"rk coiaps'I
and - new one was founded. from when faral
was excluded Pudf then disappeared from
san Francisco. where his career had Deon
marked By the same lavish style Of living, ana
was next heard from in SANTIAGO. ChilL lie
was accompanied by his pretended servant
Francisco Rogcl. who Gfterward turned out |"
be skilled chemist. and aided ana dDe'i'd by
this clever accomplirc he launched III on me nm
suspectirg Chans he lost nagrant sWlndic
known in history Presenting himself to the
highest officials and social leaders Of the South
American republic. ingrat2ting himself win
them bv means Of his accomplished manners
and brilliant intellect. he contded TO them the
wonderful intelligence that he was the dis
coyorer Of a process By which the dreams OF thc
ancient alchemists could be realized, and the
base metals bc Transmitted into gold. series
Of rXpcrimcnts which Paraf knew 50 well how
10 conduct persuaded th"m of tire truth OF ms
claims and they zoaiOusly embarked upon TN"
great cntcIpris" Smelling works were bulIl
and preliminary experiments resulted in yield
of sis 900 worth % gold from a sincle ton of
low-gradc copp"r ore The company's stock ran
which wa- $1,000 sold at $1,000 apiece.
paraf disposirg OF hi own stock when the eN-
element ran highest is estimetcd To have placed
- OOG oDN TO his personal credit. He delayed
escaue from he country a littlo too long.
director Of tn" company. having his suspicions
aroused. conducted some private experiments IN
he smeltinE works during TN" absence of Pdrai
and Rogcl. and the discovery was made That ail
the gold recovered Fad been placed in the 'l'-
AGENT which Pardf claim - to have discovered
This substance was found 10 be- q hYpo>ulI hide
Of soda and gold. which resSts th" rost pow er-
ful reagents known. but readily yields 10 metal
containing oxide of lead or iron. Parafs lif"
WAS only saved d., his r'sou. from the ndiS
naut poruIac. boy the officers OF the law. H.
WAS srnt- iced To- five ars' eN le from Santiago.
ihc time 10 he passed 80 hard laN"- Under guard
in the Chan settlement Of NaldiVa