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NV - Fallon,Churchill County - May 1, 1915 - Fallon Newspaper - Gil Schmidtmann Collection

Currency:USD Category:Collectibles / Western Americana Start Price:50.00 USD Estimated At:100.00 - 200.00 USD
NV - Fallon,Churchill County - May 1, 1915 - Fallon Newspaper - Gil Schmidtmann Collection
Session D is a Mail-Bid Only Auction. Absentee bids will be accepted only. No live bidding will be allowed. All winners will be contacted after the auction. BIDDING ENDS MONDAY JUNE 27 AT 5PM PACIFIC TIME!!!
The Churchill County Eagle, Fallon, NV, Saturday edition, May 1, 1915, Vol. IX, No. 32

The Churchill County Eagle was founded October 6, 1906 and would eventually be called the Fallon Eagle and would survive until 1958. This particular edition of the paper contains an article detailing the visit of George Graham Rice. “Rice was a convicted mine swindler, for which he spent two separate occasions in prison, and had the feds on him constantly. Some of his ventures attempted to do well, but his reputation was so shaky that most people made for the exit when his name was uttered. Rice was a born promoter. He quickly learned that there was a fortune to be made in mining stock promotion, which proved to be easier and more profitable than gambling. Rice and partner L.L. Sullivan formed the Sullivan Trust in Goldfield, which failed in 1907, causing a west-wide financial panic, hurting the legitimate businessmen like George Wingfield and G. Nixon. Rice was a tricky devil who seldom operated in a legitimate manner. Most of his holdings were worthless. The trick was to show the property, take in as much "seed" money as possible, do as little work as possible, then try to sell the property to someone else, keeping the money. The shareholders never saw a dime.” In this article, Rice arrived in Fallon, accompanied by engineers, promoting a new camp in Alpine named Triumph. He claimed to have investors and planned to build a hotel, saloon, and a store.

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