Word: coppers
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Dates: during 1930-1939
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...faith among ignorant investors, his "financial" sheet, The Wall Street Iconoclast, attacked margin trading on the New York Stock Exchange, advised widows & orphans to keep their money in savings banks, recommended the purchase of sound listed securities. But the Iconoclast also managed to keep such Rice stocks as Idaho Copper, General Mining and Colombia Emerald constantly in his readers' minds. He even had his own stock exchange, the Boston "Curb." When Rice stocks soared, shareholders would receive telegrams from Promoter Rice exhorting them not to sell. Presumably that was just the time that Promoter Rice did his best selling...
...lawyers' fees in various attempts to keep out of jail, and his attorneys have included Max D. Steuer and onetime U. S. Senator James Reed.† But in 1928 George Graham Rice was convicted of using the mails to defraud in the sale of Idaho Copper shares and sentenced to Atlanta Penitentiary for four years. An additional five-year sentence was suspended on condition that he report regularly to a probation officer after release...
...spring George Graham Rice arrived in Manhattan, suave, paunchy and in his usual high spirits. On leaving jail he had taken a pauper's oath but reporters found him in a swank 16-room apartment. To a list of 200 names picked at random from among his Idaho Copper stockholders, he sent greetings and asked them if they were "meeting the challenge" of the New Deal. The response to this "feeler" was good...
...does not prove to be worth $500 a year ... I will be inclined to grant . . . another year's subscription gratis." As a postscript he added: "I shall take occasion very frequently in the columns of the Watchtower to state my views as to the status of the Idaho Copper and Colombia Emerald Companies. I think what I shall have to say will prove of great interest...
...Idaho Copper went into receivership in 1929, was pulled out, then slipped in again in 1932. Its stock last sold in 1931 at 2/5 of 1? a share. Its production is nil. Colombia Emerald has some emeralds but its mine in the Department of Boyaca, Colombia is closed and its shares were lately quoted...