The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-11-13
'R|CE'S ELY CENTRAL IS
EXPOSED IN new YORK.
Journal Flags the Versatile
Promoter and Gives Inside Facts Of
His Deal on the Ely Central

Will tn6 OPCidtiOn ~ A0WhAUC OVo'A
ton, one of Rice's former affairs, which
was a notorious and unsavory feature
of the curb market last winter. After
that iasco the Ely Central business was
taken up
"Along with Rice and Scheftels, is
Nat Goodwin, the actor. He appears
en- the letterhead of B. H. Scheftels and
company as vice president of the cor
poration. Previously Goodwin was as
ISOLATED with Rice in the Nat c. Good
win Brokerage company of Reno, Ne
vada, and in the Rawhide Coalition
concern.
"The ring has a failing of followers
among the disreputable brokerage
firms of New York, who speak favor
ably of Ely Central in their market
letters.
"Mr. Rice, by means Of frequent
successive and explicit exposures, pub
lished in numerous of the reputable
newspapers in Nevada, Denver and
New York has become very well known.
1t is of public record that as Simon
Jacob Herzig, the name which his hon
orable parents gave him, Rice was, in
April, 1890, at a very early age con-
victed of larceny in New York and
sentenced to the reformatory at Elmira,
n. ", where he was detained under
the official designation of NO. 40ls'
until September, 1892.
Prison Record Is Set Forward.
Gin 1892, after completing his sent
ence he was convicted by Recorder Golf
in the city of New York for forgery
and sentenced to six years to states
prison at Sing Sing, where he was
designated as 'B-516.' Upon his re-
lease he became identified with the
horse racing game in and about New
York. He advertised as a stipster and
later was president and general man
ager of the notorious Maxim g. Gay
company, race track tipsters, whose
operations were investigated by the
United States postofice authorities,
with the result that a fraud order was
issued against the company.
"Rice brought with him from Ne
vada the remnants of a newspaper or
ganization. When his headquarters
were at Reno he conducted the "Nf-
vada Mining News apparently for the
purpose of furthering the schemes that
he then held in hand. Associated with
him as editor was one Merrill A.
league.
Explains Motive Of the Attack.
SIN New York there was established
the Mining Financial News which
purports to be published by the Mining
Shares News bureau, incorporated, of
which w. T. Seagrave is president and
treasurer; Harry Hick, vice president;
Julius Levy, secretary; Merrill T. Tea
que, editor, and Harry Herrick, asso-
ciate editor. This paper carries under
its title on the editorial page the
legend, The Wall Street Authority on
New York and Boston Curb Stocks.
"The mining Financial News pub
lished eight pages of matter weekly.
This matter consists chiefly of articles
booming Ely Central"
The Engineering & Mining Journal
then prints statements proving the
stock practically worthless and con-
cludes:
1--WE have told these facts about the
to market the Ely Central stock
at greatly inflated value out Of no ma
lice or self-interest, but simply in de
tense of honest mining, a great indus
try, which we represent. Every at
tempt to sell mining stock to the pub
lie under conditions that do not AFFORD
a fair speculative chance IS nw r.
the industry, and we want to see the
industry freed from such schemes %
bring discredit upon it,"