12 The News-Review, Roteburg, Ore Frl., Oct. 21, 194f American Dollar Now Rates Among World's Most Popular Commodities By CLARK BEACH WASHINGTON Those restangular green pieces of paper you carry in your pocketbook are Just about a popular ai any com modity In the world today. When proud old nationi knuckled under and devalued their currenclei to make them worth less In termi ol the American dollar, the young American greenback really came Into his own. Once upon a time It "wasn't worth a Continental." That was when the Continental Congress turned out 210,000,000 on prining presses during the American Revolution. In terms of gold and other na tions' money, the Continental dollars were worth only a fraction of their face value. The dollar got on Its feet when Congress, afler the Constitution had been adopled, established the present monelary system In 1792. Congress began coining dollnis at the Philadelphia mint in 1793. Thev were all metal coins gold eagles (worth S10I and frac tions of eagles, sliver dollars and fractions of dollars and copper cents and half cents. The federal government didn't turn out anv paper money until the Civil War, when ''green backs" were first issued. Banks operating under federal or state charters Issued notes as currn cy and much of the paper even tually became badly depreciated in value. There was a great hullabaloo when the government made fireenhacks legal tender, requir ng that they be accepted In pay ment of debts. People are Inclin ed to be distrustful of paper mon ey, and even today folks don't like to handle It in some towns in our western states. Outstrips British Pound But the dollar managed to hold SINCE EVERV DROP BURUS TO THE EWD, OUR FUEL OIL SAVES YOU MONEY, FRIEND Tl in rJn And every drop it chock-full of quality. That's another reason why more and more home owners phone 1289 for fuel oil. l! TLTTTMrH'H'H its own in relation to gold and the mighty British pound. Through most of our histiry the pound has been worth about $1.86. After 'he first World War It began to slip. In 1920 the pound was worth only $3.66. It was back to its normal $4.86 by 1930. But in 1932 it drop ped to its lowest point up to that time, to $3.50 in U. S. money. Then It fluctuated wildly." In 1934 It reacheo the highest value of which the Federal Reserve sys tem has a record, $5.03. In 1941 it sold for $4.03 and that was its official rate until the recent de valuation sent it down to $2.80. The reason for the rise of the dollar In relation to the pound is primarily America's new position as a creditor nation. For more than a century we bought more from the rest of the world than the world bought from us. But In about 1926 we became the world's Investment banker. Now we have so many things that the world wants to buy that our dol lars are In unprecedented de mand, throwing other currencies off balance. How Word Dollar Originated The word dollar was in general use before our government adopt ed it. One or another form of the word designated many kinds of European currency. It came from the Greek word thaler. In Dutch it was the Daalder. In German It was the taler. Spanish "pieces of eight" were called dollars. The dollar sign also was in use before the Revolution. It Is be lieved to have designated 'he Mexican peso. It was first writ show the "P" superimposed on the "S" which seems to be how j we got the dollar sign. Todav there are about 3d nntion riolars in the world. About 28 bil lion of them are in circulation. Most of the rest are held in the V. S. treasury. There they are In the custody of Mrs. Georgia Neese Clark, treasurer of the United States, whose signature also appears on all paper money now being produced. Another woman, Mrs. NelKe Taylor Ross, for 16 years has been in charge of the manufac ture of all U. S. coins. As direc tor of the mint, she has In that time turned out about $1,028,000, 000 worth of metal money. There's another interesting fact about women and American mon ey. The Institute of Life Insur ance has estimated that 70 per cent of the ration's private wealth Is controllled by women. ; 2 4$Jfi Tn 1948, more than 85 pounds or steel wire were produced In the United States for each person 1 ta tne country. 1 JX 1 A MesJfcV See the Exciting New HOTPOIHTB' You're years ahead with Hotpoint-the newly designed Auto matic Electric Ranges that give you new beauty, greater cooking capacity plus extra convenience! Hotpoint's oversiie automatic oven provides maximum us able space. Faster-starting Calrod Units cook more effi ciently. Tilting backsplasher and fluorescent floodlight make cooking far easier. Beautiful finish is easy to keep clean. If you're looking for your money's worth, look at our six brilliant models of Hotpoint Automatic Electric Ranges. MODH RC-9 $279 95 verybody's Pointing to tASY WtMS fircwc RAHCtS Ifutpoint TROWBRIDGE ELECTRIC Phone 268 134 N. Jackson 1 snssin Haiti Spends Millions On Record Exposition To Build New Markets exposition nas noi Deen iintinen. PORT AU PRINCE. Haiti. Oct 21 UP) President Estime is planning to give Haiti the biggest show It ever saw a $5,000,000 In ternational exposition. The exposition opens Dec. 8 In brand new buildings on 60 acres formerly a .slum area. Estime turned the district, once an eye sore just east of the city, into a garden spot of dazzling beauty. It has magnificent buildings, gar dens and avenues overlooking the bay of Gonave. As minister of education a few years ago, Estime made himself famous by putting Haiti's disor ganized school system in order and requiring teachers to get to work on time. He introduced di rected play and sporM activities. As president. Estime says he Is trying to put backward little Hai ti on its way to progess. The ex position is part of that program. All construction work for the but Haitains say everything will be ready In time. The show cele brates the 200th birthday of Port Au Prince, the capital city. Haiti hopes the exposition will bring thousands of visitors, make the country better known throughout the world, and create new markets for Haiti's hand craft, industrial and agricultural products. After the exposition ends it may run as long as six months the buildings will be converted to house government offices. Exposition officials say hotel facilities are adequate. Special tours will be organized to take visitors to such sights as the cita del, a mountain top fortress built by Henri Christophe, once king of the Negro nation. The citadel Is considered one of the world's wonders. The United States, Cuba, Vene zuela, Italy, France, Mexico, Chi- Oregon Polio Costs Most For Six Years PORTLAND. Oct. 21 The largest number of polio cases since 1943 were listed by the State Board of Health Wednesday. Thirty-three new cases report ed last week raised the year's to tal to 234, Just five less than the number at this time in 1943. Six of the new cases are In Baker county, four In Portland and four in Lane county. WILL IN PR0IATI Upon order of County Judge D. N. Busenbark, the will of Elmo KIbby has been admitted to pro bate. Hit widow, Naomi B. Kib bv Is named executor, and Call FeUcer, Genevieve Simmons and Gordon Stewart are naned ap praisers. Kibby died Aug. 19, 1949. le, Ecuador, Guatemala, Uru guay Argentina, Holland, Bel gium and Puerto Rico are among the score or more of nations and territories which have announc ed exhibits and participation in the show. WINDOWS DOORS FRAMES PAGE LUMBER & FUEL 164 E. 2nd Ave. & Phone 242 (NBA TVkBAoioJ SHIPS BURN OFF COAST Seamen aboard these two small ships vera forced to abandon ship after the vessels Caught lira and sank off the West Coast. The lumber schooner Ballna Cms (top) Is shown ablaze off the coast of Washington a few minutes before she rolled over and sank. The IT crewmen aboard the Ballna Cms were rescued br a Teasel of the U. B. Fish and Wildlife Service. The tuna boat Neptune (bottom) burns off BJa California. All aboard wen res cued by another fishing boat. TEACH COUNTESY WASHINGTON (. Courte sy ia a trumn card In the restau rant business, says a spokesman of the Washington Restaurant association. Courtesy and sound finanlrnl training will be stressed in an educational program which 'he Association Is launching to im prove the standards of the busi ness. Supervisors, waitresses and everyone in the business will be admitted to the classes. "Statistics show," said the spokesman, "that 50 per cent of the people who enter the restau rant business drop out after the first year. By the second year, the figure Is 80 per cent." PIPE PIPE PIPE All siiei, with prices at new low. Bath Tubs, Lavatories, Closet Combinations, "With or Without Trim" t r Valves, Galvanized Fittings Soil Pipe and Fittings Electric Hot Water Heaters Everything for the Farm and Home BUY WHERE YOU SHARE !N THE SAVINGS DOUGLAS COUNTY . Farn? Bureau Co-Operative Exchange ROSEBURG, OREGON Phone 98 Located W. Washington St. and S P. R. R. Trocks EXTERIOR GLAZED P(0 $$.95 Oj Each .Hurry This Special Won't Last Long! West Coast Building Supply Co. Mill ond Mother Phone 362 i Bill Neighbors Joy Clark L World's Champion Valve-In-Head Engine the Mfra efficient power plant with the valve-in-head design that's setting the trend for the automotive industry. 7 . . . the one and only low-priced car with all these EXTRA VALUES n 1 longer. Heavier, with Wider Tread the big car in the low-price field, with all the advantages of more riding comfort, road-stea'diness and safety. Certl-Safe Hydraulic Brakes more outstanding than ever before with new Dubl-Life Rivetless brake linings that last up to twice as long. Curved Windshield with Panoramic Visibility supplying all that extra vision which means extra sajety in driving with a fuller, freer view all about you. Center-Point Steering with control centered between the front wheels for maximum driving ease with minimum driver fatigue. Fisher Unlsteel Body Construction with steel welded to steel above, be low and all around you for the highest degree of solidity, quietness and safety. Extra Economical to Own and Operate and traditionally worth more when you trade; for Chevrolet is America's moit wanted motor car new or used! ; ; I i gflaa 5-Inch Wide-Base Rims, plus Low-Pressure Tires the widest rims in the low-price field plus extra low-pressure tires for greater stability and riding-comfort. These EXTRA Values are exclusively yours at lowest cost in Chevrolet! IHIAMSIN MTG! C. Oak A Stephens Phone 446 1 1 Ml 1 .TBI .VmYVf II II - M I, SI II I IL ' '1