Salt Lake Telegram | 1922-05-01 | Page 9 | New Bondsman is Secured by Rice and Prison Opens

New Bondsman Is Secured by Rice And Prison Opens ' NEW TORK. May 1. George Graham Gra-ham Rice, mining promoter and racetrack race-track tipster, obtained another bonds-msn bonds-msn for 121,000 today and waa released from the Tombs. ' Hs wss surrendered last night by his first bondsman without explanation. His appeal la pending from a -conviction of grand larceny In a stock transaction trans-action for which he was sentenoed to three years In prison. Rice wss locked In the Tom ha Saturday Sat-urday after Kdward J. McLaughlin, his bondsman, . surrendered him. Mc- Laughlln gave no reason for ths surrender. sur-render. it and his wife hsd given a bond of $26,000 for Rice's release when he was sentenced on January 2. 1120, to three years in Sing Sing for fraudulent fraudu-lent conversion of funds glvsn him for Investment. George Medaile, counsel for Rica; secured the new bondsmen today. Rice Is known aa one of the greatest great-est atock gamblers In htatory. In three days after he first was released he wss reported to have made 1100,000 on the curb market. He Is reputed to have made and Inst ssvernl fortunes. Rice Is well known here. HS was closely Identified with the Bingham-iGslena Bingham-iGslena Mining company, the stock of which rose from 10 cents to Is cants ! a shars within a few days. Its drop to practically nothing within a comparatively compara-tively short period followed. Rice then left Salt I-eke (or California, from I which point he proceeded two weeka ago to New York, where hs was Incarcerated last night, his release following fol-lowing today with another bondsman-furnishing bondsman-furnishing the security pending sn appeal ap-peal from a conviction for grand larceny.