The Dawson news. (Dawson, Ga.) 1889-current, 1923-03-13
WORLDS MOST GIGANTIC
CONTRIBUTING P[tf|
rADERS OF THE GANG THAT
OPERATED IN U. S. AND EU-
POPE UNDER ARREST.
MILLIONS OF BOGUS MONEY

rr,a Of Spurious Bills Leads as Far
AWAY as Egypt. Business Organ
ized Along Modern Lines, With
Many Statesmen" on the Job.
As previously stated the most gi7,
L,ntc counterfeiting plot in the his
fory OF the country has been broken
H. nv the arrest in New York City
III ether large centers of nearly 100
fnnterfeiting chiefs, as well as the
rrcst OF hundreds of agents OF the
e. money ring. Between $1,OOO,OOO
fnJ eI0OO0.O00 in spurious money
t,,,s dumped into the trading marts OF
1 score of nations before the arrests,
fowcrer, Bogus money has been re-
ported from as far away as Egypt, &C
6ordinq to reports to Joseph A. Pal
T. chief of the United States secret
seryire squad, which has been 1nvestl-
sating the situation for the last eight
/ The widespread circulation of the
sornterfeit was due partly to its use
h. the counterfeiters to buy liquor
H. drugs from bootleggers and
zmrqpIers of narcotics, and partly to
i passage by a band of men and wo-
%en who toured the country III auto
hobbies, getting rid of considerable
Inns Of the bogus money III every
kty they visited.
Ringleaders Are Caught.
The secret service operatives are
4nfdent that the ringleaders are now
custody, and that nearly 1000
Rembers of the gang who actually
a ssed the money, or acted as agents
Eli look-outs, will soon be caught.
Nore than 800 arrests already have
Fen made. The ring was developed
long business lines, with retailers
ID wholesalers, and then the manu-
scturers. Each section worked sep
Aately. and the makers OF the bogus
honey never met the retailers, all
2ansactions being made by llason OF
GERS. a.,
Mr. Palma said that he did not be-
i've the counterfeiting gang had any
rect connection with either the boot
81 gers or the drug smugglers, but
ought that the latter were v1ctimlz-
So bv the counterfeiters. Both the
SSotleggers and drug snugglers, he
blamed, are law breakers, and the
Atmterfeiters found it easy and con-
s erred it safe to buy liquor and drugs
9TH the "phoney" money, relying up
& the fact that the victims were also
blators of the law to prevent them
BIN making complaint. Newly ar
led immigrants were also easy VIC
his for the passers of the counterfeit
4oney.
Sold in Wholesale Lots.
Secret service agents, who posed as
fiminals during the long investlga-
b. of the plot, found that the larg-
distributors sold the counterfeit
bites Tor II cents on the dollar in
Wholesale" lots, while the smaller
4 stributors disposed OF them at SO
Rnts on the dollar in retail quaint
+ The agents said that when they
bught the spurious money tor II
knts on the dollar they knew they
4tre hot on the trail. =,
#The places in New York city raided
Il the operatives contained immense
Dot, according to Mr.. Palma. They
Ere stocked with bundles containing
hndreds of thousands Of dollars OF
Rurious money, thousands OF dollars
birth of postage stamps, fake whisky
8bels, revenue stamps, bogus coins
3D. memoranda. Engraving boards,
Hesses moulds and dies were also
ken.
sThe main office of the counterfeit
Is was found to be in an Italian res
Hlrant in New York's famous Green
Och Village. Nine branch offices were
s covered in Brooklyn, New Jersey,
bng Island and other nearby places.
Two Children Arrested.
The investigation began with the
pest in Detroit, Mich, of two chill
Zen, Zigmund, IA years old, and Ere
q Rossi, 8, who passed a spurious
Ste Their father and mother, now
sFying sentences, were placed under
pes, and through them the tlrst
nj clews leading to the nationwide
~ were discovered ,
s The trail of the counterfelters led
q many cities, but always the shov-
= of the queer" kept ahead OF the
cents, so far as the chief counterfeit
- were concerned. The net drew
Rhter and tighter, however, until at
81 the word was given to go over
a top" and within few hours the
q clcaders were arrested, the manu-
#turing plants of the counterfelters
4ded, and the greatest plot OF its
% in the country was definitely
Dashed, according to the federal au-
Hprities.
During the last few months there
- been scores of counterfeiters ar
&ted in many European cities, and
almost every case their trail led
fectly back to the American organ
alton.
Foreign Coinage FAXED"
because of the international ramlfl-
ions of the scheme, police action
be taken in foreign countries, es-
sFlally Italy and Austria. Among the
#ects of the prisoners were found
ny counterfeit italian lire and Aus
= kronen, possibly designed Tor
pment abroad, according to the
Fernment agents.
r. Palma has issued warning
any person caught passing any
the counterfeit money will be ar
q and held as an accessory. Most
the spurious bills are the federal
rye bank 81 notes, the SIS Indian
silver certificates, $40 national
notes of the National Bank OF
one Park, l. L., and $40 national