The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1920-10-08

verslty and Of the Newton Theological
seminary. After few years In the
ministry his health broke down and he
went south to recover. It was on the
way back that "the heavenly vision
came to r. F. Jernegan, and the
"Electrelytic Marine Salts company
took shape In his brain.
The heavenly visiOn," according to
tn" claim Of Jernegan, showed him a
marvellous way Of getting something
for nOthlng"-of getting gold from the
water In the ocean by secret process
He formed company. He opened
Offices In this city at h3 State street
and 235 Washington street. The MA
rlne Salts company" became slogan
Of amazement and wonder. Mr. Jerne-
gan showed to the doubling Thomases
he met several thin metal plates upon
which there had been crystallzed
small deposits OF gold.
He suggested the wonderful secret
In his possession and spoke vaguely
Of the fabulous fortune that awaited
him. Financiers. men and women of
wealth, poor and prosperous-folks
thronged his offices to buy shares Of
his stock.
There was, he affirmed, about four
cents worth Of gold In every ton of
sen water. Now, just think Of 1t.
-four cents worth in every ton, And
the Atlantic Pacific. Indian, Arctic
all the oceans In the world were to pay
tribute to his scheme. to make their
deposits Of gold In the pockets Of his
shareholders.
MIR. Jernegan estimated the possible
returns at 72.OOOOOO,OOO tons of gold.
Boston went into n frenzy. All New
England went into another frenzy. Mr..
Jernegan went to New York, where he
deposited S6S.0OO with one of the larg-
est savings banks there. Soon after
he made another large deposit. The
deposits were checks. A few days af-
ter this he drew out $4,000 and then
$4,000 In bills. Then the bank told
him that they didn't want his account.
He told New Workers. that he In
tended to issue 2.5OOOOO shares Of
stock Mt 81 n share. Meanwhile. his
friend. one Frank w. THOMPSON. :"
took the money withdrawn from the
New York bank and between them the
pair bought S15000O worth of govern
ment bonds.
Machinery Never Came.
Meanwhile, at North Lubec, Me-, the
Marine Salts company" began opera
lions. n dam was raised. and when
the tide receded 1t left water twenty
feet deep behind the dam. This was
To he flowed over the secret" ma
chine invented by Mr.. Jernegan, and
by secret" process the metal plntcs
called accumuiators. were To gather the
gold from the sea
More than Goo workmen were hired,
AMI the buildings were begun. By this
time 400 900 shares If the stock had
been sold and the capital was In the
hands of the ex-clergyman who had
had the vision"
To work the plant Mt It's proper ca
pacity, machinery. of course. was nee.
essary. Mr.. Jernegan and his mariner
boarded Il French liner for Leuayre
France, TO get the machinery. Mr.
Jernegan took passage rs Louis Sin.
clair of Chicago" with "the necessary
fundS"-that Is. all If them.
The dizzy after his departure gold
ceased IL crystalline on the plates Of
that marvellous secret" machine nm In
Luhec. Me. The company SUSPENDED
business and the fn workrnen on the
new buildings We're out of lob.
The shareholders In "Elec,rolytie
Marine Salts company" were without
Their money, too. The gold CRYSTALS
on the plates had been planted"
In spite OF efforts tn bring about ex-
tradition. Jernegan and his mi es.
capped IN France. They Inter sen, some
of their money hack IL clear I'M the
activities nj the company, but they did
not move hack IN Haston.
Sn the story runs, year after wear
The Luck Box" is an AFFAIR of only
yesterday. To make ones fortune
without an effort. TO hope desperately
Tor good luck" In taking chance"
To lind n silver mine or become heir In
a Kingdom, 10 dig for Kidd's treasnr,.
or tn huy machine which will ,rrn
OUT crisp new bank notes In a ,egal
manner: above all. TO avoid as much
work ms possible In the whole affair
mas been a human trait ever since
Anam Jared forth from Eden. where
ne was not bothered with such
dreams.