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Show GEORGE GRAHAM RICE OfSlFfllLLl Files Petition in Bankruptcy; Will Quit Crooked . Paths When He Gets Out. Special to Thij Tribune. KEW YOltK. May 20. George Graham Rice, real name Jacobs Herslg, the promoter pro-moter of get-rluh-qulck mining enterprises, enter-prises, who Is now serving a year term in the penitentiary In connection with the swindling operations of B. H. Schef-tols Schef-tols & Co., today filed a voluntary petition peti-tion jn bankruptcy. Wee places his. liabilities at 5-iS7.-10C.40 and his assets at $156, the latter conslst1-Ing conslst1-Ing of wearing apparel, which is. exempt. Ills liabilities consist of $300 "in wages, secured rlalm? amounting to J3C0.000 and unsecured claims amounting to S125.01G. The secured claims he says, arc Indorsements Indorse-ments on notes of tho Li. M. Sullivan Trust company of Carson City. Nov., which is now In the hands or a. receiver. These notes, he says, are secured by stock certificates and the various mining enterprises in which he was Interested. The principal unsecured creditor Is O. A. Turner of Saw Ynrlt, who indorsed the notes of the Scheftels company, amount-ing amount-ing to $120,000. B. Tf. Sohettels & Co. was George Graham Gra-ham Rice's most notorious venture, although al-though he Indulged In many, not to" mention men-tion matrimonial ones, Rice and Bernard H. Scheftels were .tried In tho United States circuit court for their alleged fraudulent use of the malls whllo operating op-erating a stock brokerage concern.1 For several montliH the trlnl dragged along, with witnesses from all oVer the United States waiting n Now .York to bo colled for elthor the defense or the prosecution. Finally Rice put a stop to It all by entering a plea of guilty. He whs sonlonced to one year In priron. Sentence was suspended on Scheftels. Rice protested his Innocence, even after pleadlnir guilty, lie explained that he had been forced to plead because he had no more money with which to continue con-tinue lils defense. Charles L. Brookhelm of Mayers & Goldsmith, Rice's nttorneys, said today: "When Ulce lakes nnal leave of the ponltentlnry In August next he will start off to lead . new life. This bankruptcy proceedings Is his tlrst step. He will eschew all of the old psths and tlin old bunch, and will devoto himself to Iltorary work only. "So more monkeylhg with stock of any variety .for him. Ho will make a tilp around the world, after which he will probably come to New York and settle down here. He wilt be perfectly satisfied 1c make money enough to live comfortably on," |
