The Great Gold Swindle of Lubec, Maine

Nonfiction, History, Americas, United States
Cover of the book The Great Gold Swindle of Lubec, Maine by Ronald Pesha, Arcadia Publishing Inc.
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Author: Ronald Pesha ISBN: 9781625840868
Publisher: Arcadia Publishing Inc. Publication: April 16, 2013
Imprint: The History Press Language: English
Author: Ronald Pesha
ISBN: 9781625840868
Publisher: Arcadia Publishing Inc.
Publication: April 16, 2013
Imprint: The History Press
Language: English
In 1897, a stranger named Reverend Prescott Jernegan arrived in Lubec and made a bold claim: he could extract gold from seawater. To do so, he used so-called accumulators of electrically charged rods in iron pots. Fooling many, he actually hid the gold beneath a wharf in the Bay of Fundy during the night. He and his accomplice, Charles Fisher, preached with fervent enthusiasm as they built their factory and encouraged inspections, which reversed doubters to greedy high-stakes investors. Hundreds of laborers accelerated factory expansion until July 1897, when Jernegan and Fisher fled. Although residents of Lubec attempted civil and criminal action, both men relocated, and fantasies of gold wealth flowed away. Relive the excitement, disappointment and anger of turn-of-the-century Mainers in this collection of accounts about the Lubec gold hoax.
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In 1897, a stranger named Reverend Prescott Jernegan arrived in Lubec and made a bold claim: he could extract gold from seawater. To do so, he used so-called accumulators of electrically charged rods in iron pots. Fooling many, he actually hid the gold beneath a wharf in the Bay of Fundy during the night. He and his accomplice, Charles Fisher, preached with fervent enthusiasm as they built their factory and encouraged inspections, which reversed doubters to greedy high-stakes investors. Hundreds of laborers accelerated factory expansion until July 1897, when Jernegan and Fisher fled. Although residents of Lubec attempted civil and criminal action, both men relocated, and fantasies of gold wealth flowed away. Relive the excitement, disappointment and anger of turn-of-the-century Mainers in this collection of accounts about the Lubec gold hoax.

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