
Prospectus for The Electrolytic Marine Salts Company
On April Fool’s Day, a repost about not an April Fool’s Day prank but a hoax and a swindle. In October of 1897, at the height of the Alaskan Gold Rush, two men, Prescott Ford Jernegan, a Baptist minister, and Charles Fisher, both from Edgartown, Martha’s Vineyard, arrived in Lubec, Maine to establish a facility to extract gold from seawater.
Klondike: Lubec’s Gold from Sea Water Hoax
The two newcomers leased Hiram Comstock’s tidal grist mill located at Mill Creek in North Lubec. According to Reverend Jernegan in the prospectus, he prepared for potential investors, “Millions of dollars in gold were flowing through Lubec Narrows every single day.”