Will Erwin (writer and artist)
From Smash Comics #6 - The European nation of Govania is deep in debt due to its dictator's war efforts. When gold is again discovered in Alaska, he orders his country's agents to set up "an elaborate system of jumping claims" to enrich his nation. Note: the cover of the comic depicted Black X tied to a rocket. There are no rockets in the story.
Here are the pages I have of it.