Counterfeit Ring
Smashed
By Secret Service
CHICAGO, (/P) —A multi-mil
lion-dollar international counter
feit ring, described as one of the
biggest in the nation’s history,
was smashed yesterday by secret
service agents.
More than $2,200,000 in bogus
$10 and $20 bills were produced
by the ring in the last four years,
said Harry D. Anheier, chief of
the secret service in Chicago.
Five Chicago men were seized
and further arrests are expected,
Anheier said. He disclosed that
the phony $10 and $20 bills have
turned up in cities throughout the
United States, as well as in Lon
don, Paris, Rome and in other
parts of the world.
Anheier s a id that approxi
mately $1,400,000 in counterfeit
money has been circulated by the
gang.
Two of the five men nabbed in
Chicago are owners of a west side
printing plant which was raided
bv the agents. They said the phony
bills were printed in the plant,
the Sferas Printing Company.
Agents seized a press and other
equipment.
Anheier said the ring’s activities
were bigger than those of Count
Victor Lustig, the international
swindler whose gang manufac- |
tured more than one million dol
lars in phony Federal Reserve
Notes prior to 1939.
Civil Defense Head
Stresses Need
For Preparedness
Speaking at a Juneau Chamber
of Commerce meeting, Col. James
C. Crockett, Territorial Director
of Civil Defense, warned of the
Russian power.
“A war with Russia will not be
an easy one to win. Many sacri
fices will have to be made for
the Reds have the atom bomb and
their tanks and aircraft are among
the finest in the world today,” he
said.
Having traveled widely through
out European Russia as Military
Attache to the American Embassy
in Moscow, and as an intelligence
officer who made a detailed study
of the military potential and situ
ation in the . Soviet, Crockett
speaks with authority.
“Alaska is a prime military tar
get for the Russians as they will
attempt to destroy our radar
screen and interceptor plane bas
es,” he warned.
“Civil Defense in the territory
is vitally important. Should bombs
be dropped on Juneau, Anchorage
or Fairbanks without the neces
sary Civil Defense preparations,
it would prove disastrous,” he
declared.
Crockett appealed to all civic
minded persons to get behind the
Civil Defense program and stress
its importance to stamp crut the
feeling “It can’t happen here.”
Gold and Silver Output
Less in 1951 Than 1950
WASHINGTON, •(/?)—'The Bu
reau of Mines reported Monday
that mine production of both gold
and silver dropped last year as
compared with 1950.
United States production of gold
totalled 1,957,543 fine ounces last
year, down 18 percent from 1950.
Though South Dakota also had a
drop of 18 percent in production
it again led the states with 466,
| 918 fine ounces. Utah had a pro
duction drop of 5 percent but
remained in second place with
435,200 fine ounces.
Silver output at 39,463,661 fine
oimces in 1951 was down seven
percent below 1950 production.
Idaho had a nine percent drop but
remained on top among the states
with output of 14,642,231 fine
ounces. Utah had a four percent
increase and remained in second
place with production of 7,365,000
fine ounces.
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Shop
k
(Back of Alaska Airlines)
Haircut . 1.25
Shave . 75
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