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Don Cameron and Ira Yarborough work on the Superman story in Action 107 (April 1947), which doesn’t really have anything to do with the cover.

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The story centres on con man J Wilbur Wolfingham, who opens the story by catching a cat.  For a con man, he is remarkably unaware of his surroundings, as he is being watched by Clark Kent, who turns into Superman to rescue him, and Wolfingham noticed nothing.

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Wolfingham is using the cat in a scam to put people into suspended animation, while their money accumulates over the years, so they will wake up rich.  His system is a fake, but Superman makes Wolfingham think it actually works, and pulls a huge con on him.

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With dozens of people helping him, Superman convinces Wolfingham that he has been awakened from suspended animation in 1972.  So many people did this, that no one kept working, nothing new was produced, and their vast riches are valueless.

Of course, once Superman’s con is revealed, there is no reason for Wolfingham to change his tactics, but he is apparently so traumatized by the experience that he does.

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