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The Great Gold Swindle of Lubec, Maine

Download or Read eBook The Great Gold Swindle of Lubec, Maine PDF written by Ronald Pesha and published by Arcadia Publishing. This book was released on 2013-04-16 with total page 177 pages. Available in PDF, EPUB and Kindle.
The Great Gold Swindle of Lubec, Maine
Author :
Publisher : Arcadia Publishing
Total Pages : 177
Release :
ISBN-10 : 9781625840868
ISBN-13 : 1625840861
Rating : 4/5 (68 Downloads)

Book Synopsis The Great Gold Swindle of Lubec, Maine by : Ronald Pesha

Book excerpt: 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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