-40%
Emma Consolidated Mines Company Stock Certificate (Swindle?)
$ 2.1
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Description
Emma Consolidated Mines Company Stock CertificateThis piece is an Ebay exclusive. We are only offering this piece here!
The Emma Consolidated Mines Company was incorporated in Delaware in the fall of 1916 to acquire the companies that owned the title to the Emma group of five claims in Alta, Utah.
The company also owned a group of eight claims in the Little Cottonwood District, which adjoined the Wasatch Mines Company.
Financial World
magazine questioned the sturdiness of the company, in particular because its association with a known con artist - George Graham Rice. In 1922, Volume 37 of the magazine contained this piece:
Some of the Western newspapers are carrying a call to the Emma Consolidated Mines Company stockholders from George Graham Rice to let him hear from them. This artful swindler has his nerve with him, for, after getting them into this proposition on statements that were far from the truth, he now wants them to put further confidence in what he might want to do in their behalf. He may have another mining scheme brewing and intends to adopt the plan of having the Emma shareholders turn in their holdings together with some additional cash with each share of stock. If that is his game then the Emma shareholders, who act upon such a suggestion of his, would be only throwing good money after bad. New York County has a new district attorney and it is The Financial World's hope that one of the
first things he does is to bring Rice back
to New York. He is out on bail now but the freedom he has enjoyed has enabled him to continue his swindling operations. The last one was the Broken Hills Mines the flotation of which compelled him to suddenly move out to California when the State authorities started to proceed criminally against him. As long as a man of such viciousness is permitted his freedom the public is not safe from his conniving.
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