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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