America was born a land of speculators and opportunists. People have constantly moved across its great land mass in pursuit of the better life. But there’s a catch. A country of drifters and dreamers has provided rich pickings for grifters and con men. Not surprisingly, they crop up in countless American novels, plays and films, from Melville’s 1857 “The Confidence-Man” to “The Sting” (1973), a movie that was set in the 1930s, toward the end of what T.D. Thornton calls the “golden age of the con artist.” With “My Adventures With Your Money,” Mr. Thornton offers up a hugely entertaining biography of one such “artist.”
In an essay called “Diddling,” Edgar Allan Poe described confidence man as a “compound of which the ingredients are minuteness, interest, perseverance, ingenuity, audacity, nonchalance, originality, impertinence, and grin.” George Graham Rice, the anti-hero of Mr. Thornton’s book, had an abundance of “grin,” or what a later age would call chutzpah. A 1934 profile of him by the journalist A.J. Liebling described him as “contagiously optimistic,” with a “phosphorescent smile.” The title of Mr. Thorton’s book-length profile is taken from Rice’s own 1913 memoir, originally dedicated in a memorable way: “To the American Damphool Speculator, surnamed the American Sucker, otherwise described herein as The Thinker Who Thinks He Knows But Doesn’t—greetings! This book is for you! Read as you run, and may you run as you read.”
My Adventures With Your Money
By T.D. Thornton
St. Martin’s, 320 pages, $27.99
Jacob Herzig was born in 1870, the son of well-to-do Jewish immigrants in New York’s Lower East Side. As a young man, he stole money from the family’s furrier business. Sent to a reformatory, he befriended an elderly con, Willie Graham Rice, whose name he appropriated. For the next 40 years, his life was a whir of scams, fortunes quickly made and lost, and run-ins with the authorities.