Show GEO GRAHAM RICE AND COWORKERS HEADED FOR LIMBO AFTER conviction following the trial which had been under way vay for several weeks in new york george graham rice and walter K have each been given penitentiary sentences for using the mails to defraud in connection with the flotation and boosting of the shares of the idaho copper corporation while dr harvey weed the a year manager and consulting geologist was released the final windup wind up of this notorious case which got its inception from the determination of stewart campbell slate mine inspector and fighter for clean mining practice in the gem gein state was reported by the associated press on the in the following dispatch characterized as one who for almost forty years has been preying b on the poor and the easily led george graham ha 1 ai rice was sentenced today to serve four years in atlanta penitentiary and to pay a fine of operation of an additional sentence of five years imprisonment i to begin at the expiration of the first was suspended pen ded during good behavior throughout the four year period walter K president of the idaho copper corporation who was tried with rice for using the mails to defraud in the sale of stock in a small copper company was sentenced to serve nine months in westchester county penitentiary and like rice got au an additional good behavior suspension on oil a five year sentence the wall street iconoclast a magazine published by rice for the promoting was fined and sentence was suspended on oil the idaho copper corporation with the warning that it would be imposed at once if the company engaged in any improper practices during the next five years rice really was sentenced to terms aggregating eighteen years two years on one count and four years on oil 6 each of four other counts but the terms were permitted to run rim concurrently so that four years would dispose of them all similarly was sentenced to serve nine months on ill each of five counts the terms to run concurrently the 1 lie suspended five year terms for each were imposed on oil two additional counts in asking the court to impose an all exemplary sentence on oil rice united states attorney charles tuttle outlined his criminal career beginning with his first imprisonment at the age of 20 in 1870 he told of his building up of a fortune on oil the financial disabilities of the poor and weak the wall street iconoclast he said issued as many as copies weekly although its paid subscribers numbered no more than and had been used for illegal al purposes when counsel for the defendants announced that they would ask writs of error pending appeal judge knox stayed execution of the sentences until january 3 |