OCR Text |
Show a BOGUS MONEY IS FLOODjNGNATION EXAMINE YOUn MONEY, IS WAU- NINfl FROM U. S. TKEA8UUY I)EIAKTMENT Keep ;."ur eyes open nml you enn prevent jut.v being victimized by, ' counterfeiter: who are flooding the, nation with bcr-n millions. The- secret service staff of tlo United States trui ury department snys: "Scrutinize nil bill closely. Hold a genuine note to the Ihrht nml ob-serve ob-serve tho fine" silken texture. If you receive a note with courser texture or with blurred outlines on tho design de-sign Its open to suspicion. 'You can detect raised notes by remembering that $10 hills bor. picture of-Jackson, $20 of Cleveland, $50 of Grant, $100 of Franklin and $.100 of Marshall. "Don't depend too much on the ring In detecting false cr' i. Bun your fingers over tho surfnex.. If they 'tick, th" coin's genuine. If they dido ennlly. It rsmv not he." WASHINGTON. Oct. 14. Counterfeiters Count-erfeiters and bootleggers, working together, have brought about tho most serlouB false money crisis the treasury department has ever faced. Ccller engraving plants In big cities cit-ies all over the country are pouring pour-ing out an endless flood or counterfeit counter-feit bank notes, reaching Into the millions. Bootleggers and rum runners use the bogus money to pay for the liquor li-quor they buy from mountain moon-ph'.ncra moon-ph'.ncra In tho south and liquor dealers deal-ers on the Canadian border. These victims spread the false - nnrv lironilfast. I Almost dally tho secret service staff of the treasury department un-(fe un-(fe covers a new counterfeit. But no sooner have the false notes bean rounded up than the engraving plants pour forth a fresh supply. HOW IT WORKS Cooperation botveon counterfeiters counterfeit-ers and bootleggers has permitted tho counterfeiters to float poorer notes and in greater quantities than ever before. A bootlegger goes to the mown tains of Tennessee to buy up a consignment con-signment of moonshine. The mo in shine is delivered and the purchase price paid In a forest under cover of night. The moonshiner has no chance to examine the money. And It's not probable that he'd detect Its falseness false-ness If he could. Later, when tho moonshiner's false money Is detected at a store or bank ho doesn't dare complain. So he takes tak-es his loss and says nothing. It works similarly on the Canadian Cana-dian border. Canadian bankers and merchants nren't t familiar with American monov as bankers and merchants mer-chants on the U. S. side, and the s counterfeit bills travel a long way beforo thev'r traced. Then tholr sources can't be traced. MKTIIODS FOLLOWED Two methods of counterfeiting i have been used most during tho past few months. One Is raising bills. That means making a $10 or $100 bill out of a $1 by pasting one or two ciphers af-i af-i tor tho '1". This usually Is very clumsily done and can be easily detected. de-tected. , i , Many combination are posslblo In f . 'raising', Two-dollar notes aro rais ed to $20 and $5 to $50. , Hundreds of raised notes of $20 I ,'$50 and $100 denominations are In Iwldo circulation today. J The other method Is splitting a rear bill Into two parts, pasting two (jf halves of a counteifelt bill on tho f two genuine halve and thus mak ing two bills out of one, each with j one side that will pass muster at , i the most exacting bnnk. I Thousands of dollars In bills of ( ' this typo recently wero put Into i I circulation by a counterfeiting gang I 1 at Philadelphia. I Counterfeiters usuallv work In I croups with each member assigned 1 hi own special tasit. 1 , nnnnerfcltlne is confined lnrge- ;J 1 to Mils, although a few old hands I are still making counterfeit coins, ft tv- ,. nro'lncnl from molds and nro m-m eisllv' detected than hills, |