Show fRAUD CHAR CHARGED U SAlT X-SAlT LAKER George Graham Rice 2 Others Indicted in NewYork New York YorkI I NEW YORK Jan 17 17 AP AP- AP George Grah Graham m Rice editor of the Wall Yali Street Iconoclast Walter Vatter K n of Boise Ida and Walter Vatter H. H Weed gc geologist logist were were indicted t today day by the federal grand jury for using the mails malls to defraud The In Indictment Indictment In- In charges misrepresentation of the value of Idaho mining stock stocIe that Rice bought and sold for himself him self and for readers of the Iconoclast Iconoclast Iconoclast at the thes the's s same me time Witnesses alleged that the Idaho Copper corporation was was Incorporated In incorporated orp rated in Delaware In 1924 to take takeover takeover takeover over three mining prop prop- prop prop- in itt Idaho Idabo it was wa charged received sh shares o 1 par value turning back shares to the corporation for financIng financIng financing Ing purposes and Rice purchased the entire block at 10 a share Federal investigators testified that the stock was then boosted h in inthe inthe the Iconoclast and arid offered on the Boston curb at 56 cents cents' a share in 1925 A year later the market price rice had jumped to 62 a share a re result result re- re sult the investigators alleged ged o of misrepresentation n published in the Iconoclast Ge George Graham Rice Itice Is well l known in Salt Lake mining circles as a daring and unscrupulous pro pro- moter He manipulated Emma SlIver SlI- SlI SIler Silver Sil SIl- ver er mining stock owning the Emma Silver Sliver mine in the Alta district district dis dis- let almost two decades ago from froma a few cents a share to more than 3 a share Then almost overnight overnight overnight over over- night tho the price collapsed to practically practically nothing He also promoted other Utah mining stocks but his most recent one was that of the old Silver Shield mine in the Bingham Bingha district soon ater after the close of the war ar His adventure in this stock scheme however brought the blue bluesky bluesky bluesky sky laws o of the state in conflict with hi hio schemes and he was forced to abandon his campaign and left th the state for New York where he has carried on a similar car career eel on ona ona ona a larger scale |