The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-11-13

N1V 4OAs
and his partner, Jacob Herzig, alias
George Graham Rice, who is "No.
401S" on the Elmira reformatory rec
ords and B.-1516 at Sing Sing, are ar
raigned in an issue of a New York min
ing journal for their method in Wall
According to the mining jaur-
raj, Rice and his associates obtained
options upon an enormous number Of
of the Ely Central Copper CON-
pany, believed to be more than 100000,
at or about so cents a share, and are
it to the public at a greatly
enhanced price by an extensive adver-
Using campaign. The quotation today
was "a a share. The mining journal
declares that property is practically
worthless.
The Engineering and Mining Journal
has for many years been the world
wide authority among respectable min
ing men. Its statements are expected
as official and millions of dollars are
paid, based on its quotations for metals.
Its expose of the Ely Central Copper
company deal has therefore attracted
general attention. The character of the
Ely Central fotation has long been
known, but this is the first time that
an expose had been made based on
scientific reports of engineers.
Says It Is Blow to Honest Mining.
ga shameful attempt to inviegle the
public into a mining gamble against
long odds is being carried on from New
York; says the periodical. "Ihis is
the attempt to sell the stocks of the
Ely Central Copper company, which is
being advertised upon an extraordinary
scale. The leader of the ring that is
conducting this operation is a man of
unsavory record-of a record so I'M
savory hat he has previously served
time in prison. The ring comprises
other persons who expect to profit from
the deception of the public and a
variety of stalking horses and stool
pigeons who are manipulated by the
ring leader.
"The operation is a blow to honest
mining. We speak in behalf of honest
mining. 1t is time that a halt be
called to these blood Stockings of the
public.
"George Graham Rice, alias Simon
Jacob Herzig, after an unsavory record
in the East and a stormy career in Ne
vada, casting about for new game, hit
upon Ely Central. With the keen per-
ception of an artist in his line, he
grasped the possibilities of advertising
to the dupes, ignorant of the facts, the
shares of this company owning prop
erty between and adjacent to the two
of the Nevada Consolidation, a
company that was just making good
in most brilliant fashion.
"Rice or his agents obtained OPP
tions upon some remaining treasury
stock per share and also obtained op-
tions on certain private holdings at
various prices-in all cases for small
in comparison with the recent
quotations. In the aggregate, Rice is
believed to hold options on about $780,
900 shares. He also purchased some
scattered lots.
Recites His Reputation.
"About a year ago B. H. Scheftels
came to New York and organized B. H.
Scheftels & Co., with offices in the Eai-
building. In 1902 he established
a brokerage business in Chicago and
fell in with Rice by marketing stock
Of some of the Nevada wildcats of the
latter. He removed to New York early
N 1906.
ssRice himself is of such evil reputa
ton that he cannot appear openly in
any business that he is conducting,
and consequently requires a igurehead
ike B. H. Scheftels. The latter made
nis debut in New York in connection