Tonopah bonanza. [volume] (Butler City [i.e. Butler], Nev.) 1901-1909, 1909-11-13

hHAN- LINN WV -
,tn and his partner, Jacob Herzog,
Alias George Graham Rice, who is
no. 4O1S' on the Elmira reforma-
,ory records and B-t516 at Sing
sing. are arraigned in an issue OF
tbe Mining and Engineering Jour
mi for their method in Wall street.
According to the mining journal,
Riee and his associates obtained OPP
tions upon an enormous number OF
shares of the Ely Central Copper
company, believed to be more than
100000. at or about SO cents a
share. and are selling to the public
AFT a greatly enhanced price by an
extensive advertising campaign. The
ouotation today was "a a share.
The Minisg Journal declares that
The property is practically worthless.
The Engineering and Mining Jour
nl has for many years been the
worldwide authority among respec-
table mining men It's statements
are accepted as official and millions
81 dollars are paid, based on its
quotations for metals. It's expose of
he Ely Central Copper company
deal has therefore attracted gem
eral attention. The character of the
Ely Central notation has long been
known, but this is the first time
that an expose has been made based
on scientific reports Of engineers.
Blow 20 Honest Mining
"a shameful attempt to inyeigle
the public into a mining gamble
against long odds Is being carried
on from New York says the per-
iodical. This is the attempt to sell
the stocks Of the Ely Central Cop
Der company. which is being adver-
tised upon an extraordinary scale.
The leader OF the ring that is con
Quoting this operation is a man of
nnsavory reputation of a record so
unsavory that he has previously
served time in prison. The ring
eomprises other persons who expect
to profit from the deception OF the
oublie and a variety of stalking
horses and stool pigeons Who are
Manipulated by the ring leader.
''The operation Is a blow to hon
eat mining. We speak in behalf Of
honest mining. II is time that a
halt be called 10 these blood SUCK
ings Of the public.
NtNIBE AHIllluHl ANlNNf aAld9 P'hA'N
Jacob Herzog. after an |unsavory
record in the east and a stormy ca
reer IN Nevada. casting about tof
new game, hit upon the Ely Cen
trail. with the keen perception OF
an artist IN his line, he grasped the
possibilities of advertising to the
dupes. ignorant Of the facts, tho
shares of this company owning prop
erty between and adjacent to the
two groups of the Nevada Consoli'
dated, n company that was just
making good in most brilliant fash
ion.
Rice or his agents obtained op
tons unon some remaining treasur'
stock or the Ely Central at about q
cents per share. and also obtained
options on certain private holding
LIN all cases for small sums Il
comparison with the recent quota
tions. In the aggregate Rice IS be
lieved to hold options on about $50
600 shares. He also purchased som
scattered lots.
Recitcs His Reputation
About a year ago II. b. Schei
tells came to New York and organ
lied b. II. Scheftels & Co.. with o
fees in the Edison building.
1902 he established a brokerage bui
mess in Chicago and fell in wit
Rice by marketing some of the N
vada wildcats of the latter. He r
moved to New York early in 1906.
"Rice himself Is of such evil re-
utation that he cannot appear opel
ly in any business that he Is co
Quoting. and consequently requir,
a R~gure-head like IL. b. Scheftel
The latter made his debut in Ne
York in connection with the oper
ton In Rawhide Coalition, one
Rice's former affairs. which was
notorious and unsavory feature
the curb market last winter. AIT
that fasco the Ely Central busine
was taken up.
along with Rice and Scheftels
Nat Goodwin, the actor. He appea
on the letterhead of b. H.. Seh'
tells e. Co. as vice president OF t
corporation. Previously GoodW
was associated with Rice In the \
c. Goodwin Brokerage company
Reno, and in the Rawhide Coaliti
concern.
THE ring has a failing of +
lowers among the disreputable b
kerage firms of New York, W
speak favorably of the Ely Cent
in their market letters.
"Mr. Rice, by reason OF frequ'
successive and explicit exposur
published in numerous of the r
utable newspapers in Nevada, ID
yer and New York, has become "
well known. 1t is of public rec
that as Simon Jacob Herzog,
name which his honorable pare
gave him, Rice was, in April, Is
at a very early age convicted of
ceny in New York and sentenced
the reformatory at Elmira, N.
where he was detained under
official designation of NO. 40lS
I'll September, 1892.
Prison Record Is Set Forward
In 1892, after completing ms
tence, he was convicted by Reoor
Goff in the city of New YORK
forgery and sentenced to six ye
in states prison at Sing )
where he was designated as BIB
Upon his release he became 1de
he'd with the horse racing game
and about New York. He advert
as a 'tipster,' and later was pI
d.