The Goldfield news. [volume] (Goldfield, Nev.) 1904-1911, 1909-09-18
rM New York and others-we

T. T. M, New York and others-We
have received several marked copies of
the Mining Financial News, owned by
the Nat C.. Goodwin company of New
York and edited by George Graham Rice
the manager of the firm, critieising the
Goldield News and its editor for stor-
les recently printed on the Goldheid
Consolidated, the Combination Frac-
ton and the Florence. We suppose from
letters accompanying these papers that
the senders. who are longtime subscrib-
ers of The News, are somewhat bewii-
dered by these articles in Rice's publ
cation. for they know The News and
have, through long reading of this
paper, learned to believe in it. They
have beer reading Rice's paper
too, and they find it the first and only
publication that has ever ~insinuated that
The News was not entirely honest and
trustworthy in its news columns. But
if the public generally knew the inside
operations of this Rice combination,
they would not take that so-called
sspaper' of his at all seriously and
would understand that they had been
fimfammed into reading nothing more
than a market letter for Nat G.. Good
win 4 Co. and b. f. Sheftels 4 Co.
(both the same); that the Mining FL
n~ancial News is not rated as a newspa-
per by the government postal authOri-
ties, and is not admitted to the post
office as second class (newspaper) mat
ter and allowed newspaper rates. 1t is
simply a big market letter issued in
n.wspape form to deceive the public.
Now. ever since Rice felt it necessary
to leave Goldfeld after the million
dollar failure of the L.. NJ. Sullivan
Trust he has had out a big
stick for all the Wingfield properties
and for the Florence. There is a long
standing fued between Rice and Wing
field, and for years he has been at work
trying to undermine their stocks, ex-
of course, when he was playing
the market and his brokerage house
were ''long.' Rice never ~refrained
from dealing in Consolidated, Florence
and Fraction when he thought there
was a turn in sight, and at such times
would boost these stocks for fair. 1t
was not many months ago that he was
the biggest bull on Florence in the
market, and his paper was full of
tips to buy. At that time he was
loaded up to the neck with Florence on
margins, and tried to get up a combin-
alton of newspapers to work the long
side of the market. Now he is out Of
Florence, he is jumping on it with
both feet. The same about Combination
Fraction. He is apparently shora on
this stock, SO the Mining Financial
News, Scheftel's market letter and all
of Rice's various stool pigeons are
shouting down the news of a big strike
in Fraction, and claiming that these
as published in The News and
scnt out through newspaper corr asp md
ents in Goldfeld, were all INSPIRED
by subsidized writers 1t was only a
few days ago that the editor Of this
was shown a letter from the
Mining Financial News eerating its
correspondent for sending news OF the
splendid condition OF Consolidated and
FIaction-stories written the paper as
a simple narration of the facts. The
correspondent was informel that fa-
vorable news of the Consoli lateI and
iher Goldfeli properties was not want
Ell, whereupon the correspondent sert
III a red hot letter accompanied by his
re signation. The public rulsl an1er-
stand that George Graham Rice, b. +.
s. heftels & Co., and the Mining Finan-
cJai News are in III. stock business
both as prom oters and spectators, and
are not running a newspaper for the
money that is in that Du3,ress, but only
SC they can q. ceive tae pilbi;c through
their columns. The Mining Financial
News was started primari.g 10 iioat the
Rawhide Coalition ana has been a very
valuable adjunct of Rice promotion
and brokerage business eva- since. '.hcre
is nothing said in the foregoing that
Rice will not admit; he frankly states
that he is working the public as suck
ers, and makes no "bonesD about it
among his wide circle of social ac-
quaintances. 1t is rich; it is a joke.
Rice is smart enough to make his film
go. He is the smoothest man in
at the game. Newspapers may
publish his criminal record-his aliases,
and all that, but what does he care. The
people like to be s'gulled,' and he
continues to accommodate them, mean
while living like a nabob in New York
off the swag. 1t is a big, brilliant and
nervy game he is playing; it wal the
in G~oldfeld, when he took up a
man and gambling house keeper,
put his name at the head of a trust
company, and with the small amount
given him by the gambler, flashed the
M. Sullivan Trust company over the
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