CRIME: Payment Deferred

Late in 1937, when young District Attorney Thomas E. Dewey was adding a high score of convictions to his reputation as a gang buster, New York City banks were plagued by a series of big-money forgeries. The methods indicated the work of a master crook. The forger had been seen —by bank clerks who cashed the forged checks. But there were no clues, other than that the forger claimed to have an office at No. 39 Broadway.

Then the break came. At No. 39 Broadway detectives discovered a portly, florid, mustached man who...

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