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Rice Oil Company Stock Certificates Famous Con Artist (2) [127972]

Currency:USD Category:Coins & Paper Money / Stock & Bond - Mining Start Price:100.00 USD Estimated At:200.00 - 500.00 USD
Rice Oil Company Stock Certificates Famous Con Artist (2)  [127972]
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100.00USD+ (25.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2021 May 13 @ 16:04UTC-7 : PDT/MST
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Two Rice Oil Company stock certificates issued in 1918. These historic documents were printed by the American Banknote Company and have ornate borders with vignettes of an eagle perched upon a rock, and the company's embossed seal. Both are hand signed by the company's Vice-President George Graham Rice. No. A4789, with orange border and vignette, for 100 shares, was issued Jan. 5, 1918 to G.G. Rice, himself, signed by the President and Secretary, and signed by G.G. Rice on the back, May 21, 1919. No. C1870, with green border and vignette, for 400 shares, was issued Mar. 28, 1918 to Mrs. K. Tucke, signed by Vice-President G.G. Rice and Secretary. Both in fine condition, with slight folds.

There is much to be found on the Internet about George Graham Rice, a convicted stock swindler. He was known as the "Jackal of Wall Street."Born Jacob Herzig in 1870 into a respectable middle-class New York family, after serving prison time for forging checks, Herzig went through a number of aliases before settling on George Graham Rice.
Rice wrote a book while in prison called "My Adventures with Your Money," which included 334 pages and 110 illustrations. The book was his memoirs of get-rich-quick financing of central Nevada and Death Valley mines, with interesting anecdotal material. Rice, a famous stock promoter, capitalized the stocks of Goldfield, Greenwater and Rawhide mines, listed them on the national exchanges, and reaped the profits until convicted of mail fraud in 1911.
When he was a small-time ex-con, Rice hid behind front men. After he became a famous crook, he capitalized on his notoriety by naming a company after himself. As expected, the only one to make a profit from Rice Oil was Rice. However, investors were left with these handsome stock certificates, as souvenirs of their former savings.



Date: 1918
Country (if not USA):
State: Delaware
City:
Provenance: Ken Prag Collection