1898: Jernegan Makes Peace Offering

Middletown, Conn., Dec. 19.–It is stated on the authority of a member of the committee appointed to make an investigation of the so called Jernegan process of extracting gold from sea water that Rev. P. F. Jernegan, formerly of this city, who is now in Brussels, has actually sent to the directors of the Electrolytic Marine Salts company $75,000 in cash as a sort of peace offering preliminary to his return to the United States with his family. Jernegan converted all his stock and securities into cash previous to going abroad, and it is nearly one-third of the proceeds that he has returned of his own free will and without promises or inducements of any kind.

From the Trenton Evening Times (Trenton, New Jersey), Monday, December 19, 1898.

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