Every evening, Wilmington daily commercial., 1922-07-07

fsItins OF money has increased 10
hitherto unprecedented proportions In
I'm. United States and lis causing much
concern TO the Secret servico OF tho
lTressury. tho Federal agency which
\ In charged with tho suppression 81
this species OF crime. on particular
interest IN the fact that for the fret
time in history, women have entered
tho counterfeitins profession. present
ing new problems for the government
experts.
Tho Increase IN counterfeiting be
gan shortly after the Arrnistice and
has been growing noticeably since
then. II n regarded as a part Of the
phenomena of crime which every
graf war brings In It's wake.
A curious effect Of tbs war ~hils II
was being waRed was that it resulted
In on almost complete suspension OF
money counterfeiting Ia the United
stntes. There were two good reasons
for this. First. native born Americana
arc seldom found in the business
II ia department Of crime IN which
foreigners. and especially southern
EilIEODcH Ms EftH6Gbs 'StthUA HisE -
lHer-vist Pystern Of military service
which obtains in nearly oil Euro.
pean countries, theas foreigners Nv
ing and counterfeiting In the Unite
Estates were called 70 their home color
and thereby forced % abandon their
profession here. In the second place
the war upset the channels of dis
trihution Of counterfeit nnonsy ard
turned tho thoughts ~ all roen. in
Guiding counterfeiters. 70 other things
But after the war the profession
came back stronger then ever WITH
many recruits -FOUR million ATne-t
cans were under arrns. They wer'
taken By the war from their accuston
Cd vocstions and pursuits and put int
a life which. despite its manifold hard
ships ami dangers. war a llfe lackini
in responsibility. No ons IN the Ara
L had 20 worry about earning none
enough for his next meal. II carr
. from tho government. as much r. mat
ter Of course ss the sunrise. Alex
the very idea n Pm army Ia the 9e
y struction Of property and life. To q
slirs IL Is tho enemy's property whic
is to be destroyed but among man
youthful and irresponsible persons III
fundamental idea Of contempt fc
:, property rights persists and make
, few bounds for itself. II vas naturi
that among soldiers who for a yes
- or two had followed this frresponsib
. existence there would % come vi
' lacked the force Of character - -
: turn to tho 5rudgery Of hard wor
/, They wanted easy money. SO Counts
feiting as well "a other department
=. of crime received fresh recruits.
More Money 10 Counterfeit
l. Another strong reason for an Il
y crease IN counterfeiting resulted fro
=, the war vas that there was ar il
J. crease IN the number ot Kinds
. money and securities 20 countsrfe
~ When there are but a few kinds
le money in general use. the people b
conc so familiar with their appearan'
n that they quite readily detect ar
= fault in design OF general appearance
g But when there are many new ar
n unfamiliar kinds, the people are 81
he loss 20 know whether or not th'
a have genuine money.
sc Twelve Federal Reserve Banks W.
n established at the time the war beg
C and all issued currency Of two kind
Federal Reserve Notes and FEEDER
81 Reserve Bank Notes. Also. {
IN Treasury issued billions Of dollars
- Liberty Bonds. Victory Notes. "
ne Saving Certificates. thrift stamps, a
es Treasury Certifcateu of indebtsdne
~ These were g. paradise FOR countS
y" letters.
~ one Of ne most difficult ohstacl
. for the counterfeiter Is tbs distir
), tive paper on which government not
Va are printed. It IS made by a secl
a. process and has SO individual an a
= pearance and feeling that aim,
- everyone can detect a substitute.
denominations Of American nor
- ere printed on notes 4 unifo
q. size. Therefore a favorits device
the counterfeiter IS 20 take 81
ca and raise its denomination. He y
. bleach L and. have a piece II nea
~, white distinctive currency PAPER
M which he viii print 8 note OF a hiE
NNAA~AA4AA4e-N AS4A- SUN A4-tcS al > ia
~. TO detect. especially y the count
a. feiter prints a $50 or 500 note OF
2, new unfamiliar series
rs Another scheme = 10 'ake a Il
90 and change only the figures T
he proves z snare to the counterfeit
be- If he gives such note 10 II
civ familiar with the designs OF raon
nd Such a man knows that $50 note J
an buffalo in its design. but no $50
re- 500 issue has. This sort Of count
lot feiting has increased with the n
money because the counterfeitehs kr
est that few people are familiar with
W designs OF the various new issues.
Ugh The sams il true Of the Libe
Ike bond issues. No two isues are a.
IN and = cOunterfeiter changing III
my nomination OF a 500 bond % 81,
could readily b. detected by che y
Or? had studied bond designs.
q. Experts in Secret Service.
- rrs Secret Service at Washing
IN has many experts who are very h
70 fool with even the cleverest CO
Nr terfeit. and while couuterte.ting
increased 10 a great extent. the
Is )culetion OF counterfeit money has
-. done SO. This new counterfeit ISIS
are detected very early IN their care