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Newspaper
Boston Post
Location
Boston, Massachusetts, United States of America
Date
Jul 30, 1898
Page
5
In Eastport and Lubec Maine investors including Baptists faced strain as civil suits unfold over the Electrolytic Marine Salts Company. Rev Jernegan and chief aide Fisher fled Europe amid questions on a scheme that promised gold from accumulators and left workers laid off at the Lubec plant.
Boston officials and stockholders confront the Jernegan case as vice president and manager of the Electrolytic Marine Salts Company disappears for Europe aboard the Navarre. Clues center on a key letter from Lubec, while Braving questions from investors such as clergy members and New York bankers, authorities seek answers about funds, deposits, and the secret process behind sea gold.
Rev Jernegan and family tied to a Boston company beset by investor pressure. Reporters traced talks to Lubec Me where plants discharged 1700 workers and staff refused to speak. Local Manager Pierson resigned after revelations of gold extract plans and flight to Europe. $16000 drawn from Eastport Bank. Maine sheriff presses civil actions. $25000 worth of property held in Eastport.
Financial agent Sawyer reports actions to catch inventor Jernegan in Havre France and to recover company funds. He says Jernegan’s brother has been brought to Boston and agreed to surrender company money, with Usher improving after a shock from recent disclosures.
The Rev. P. F. Jernegan remains a focal point for Electrolytic Marine stockholders as questions about his whereabouts and role surface in ongoing concerns over the company fortunes.
The Electrolytic Marine Salt Company's new plant in Lubec Maine discharged its workers after a $500,000 construction plan. All company employees were paid. contractor Shanahan crews receive wages Monday. Superintendent Pierson reported only traces of gold remaining on accumulators, suggesting limited usefulness of the plant for other purposes.
The Tarantula Club executive board plans a Monday morning gathering for members and newspaper men. Meet on Newspaper Row in front of the Herald office at 3:30 a.m. or after presses. A special Lynn & Boston rail car departs at 4:00 a.m. from Scolley Square to Nahant House for a fish dinner.
The British gunboat Plover reached Hong Kong from Manila and states that on July 27 the situation in Manila remained unchanged and American forces had not yet attacked the city.
Weather report notes yesterday was unusually moist with humidity at 87 percent and temperatures from 71 at dawn to 83 rising to 87 during the day. Forecaster predicts continued warmth and light evening showers as Boston swelters under moist air.
In West Boxford on July 29 Gladys Sias, 9, was fatally shot when her 17 year old brother discharged a revolver while cleaning it. The girl was playing in the room as the weapon went off. The bullet hit her abdomen and caused almost instant death.
Dana J. Flanders general passenger and ticket agent of the Boston and Maine railroad and prominent Mason collapsed in his Boston office yesterday afternoon. He was moved home to Malden by special train as doctors attributed the ailment to heat and expected a rapid recovery with rest in a few days.
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