Herald and news. (Klamath Falls, Or.) 1942-current, August 28, 1952, Image 15

Historic Oregon Newspapers

Herald and news., August 28, 1952, Page 15, Image 15

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Newspaper Page TextI PAGE SOCTEZN HERALD AND NEWS. KLAMATH FALIA OREGON THURSDAY. AUGUST 58, 1952 Canadian Money at Premium; Tourists, Shopkeepers Bitter 8T. JOHN, N. B. HI The Amer ican tourist handed over a $10 bill in payment for a 45-cent breakfast check here and received 19.06 In change. The 10 bill was U. S. money and the $9.05 was In Canadian funds. The cale discounted the U. S. money 6 per cent or 50 cents In making change. The result, fi nancially speaking, was fairly ac curate, but that didn't keep th e American from mumbling some thing about paying twice for his breakfast. Manv of the thousands of Ameri cans who come to the maritime provinces and other sections of Canada each summer are not hap py about the monetary situation. Some of them remember when their U.S. dollar fetched S110 or even $120 In Canadian funds. And many storekeepers, while proud that Canadian money commands a premium over V. S. funds, are not too nappv about the situation when it comes to dealing with tourists. The tourist business is built on good will, and anything tending to destroy that good will can hurl the business. Consequently some places, es pecially gift shops, announce they accent U. S. money at par. This means thev sell to V. S tourists at about a 5 per cent discount, but that is small potatoes when the shops make sales they otherwise might lose. Americans buying airplane tic kets in Canada find their money is as "good" as ever when fares are quoted in U. S. dollars. Also tickets bought In Canada escape the IS per cent transportation tax imposed in the United States. Some Yankees have discovered, too. that their money is as good as gold when it's silver. U. S. quarters and half dollars for years have been used interchangeably In US Economist Aids Europe PARIS Wl The United States is establishing a permanent "embas sy" to Western Europe's Schuman coal-steel pool Mutual Security Representative William H. Draper announced last night that the U. S. representa tive to the six-nation organization now being set up will be William M. Tomlinson. an economic ex pert. He will be known as acting U. S. representative to the Euro pean Coal and Steel Community." The new U. S. Embassy will be home of the coal-steel group's ex ecutive authority Canada with their Canadian equiv alent They still are. A few Ameri cans have come to Canada with rolls of quarters and half dollars. A New England woman w h o made an $8 purchase In Moncton. N. B., slore recently paid for It with 33 U. S. quarters. If she had paid In greenbacks she would have been charged (8.40 the 58 price plus 40 cents for exchange. The premium of Canadian mon ey over American has varied in recent months, fluctuating frac tions around 4 cents. No store keeper is able to keep with the day to day fluctuations, and so the general rule is to discount U, 8. money 5 per cent. The explanation of tne disparity given generally: It represents a working ot the law ot supply and demand. With Canadian business and development booming, Cana da's money is in greater demand ilia n ever, and so it brings a premium over U. S. money in for eign exchange- markets. Scientists Underpaid LONDON If! Britain's atomic arms program is being held up because the government's atomic scientists don't make enough mon ey an all-party parliamentary com mittee reported today. Qualified scientists prefer to work for pri vate industry at higher wages. The report of the Select Com mittee on Estimates urged the gov ernment to raise salaries and im prove working conditions for its atomic experts. A top government scientists ean get 2.000 pounds ($5,600) a year- good pav compared with average British salaries but small in com parison with the 3,000 pounds ($8,400) or more that industrial companies offer ordinary research men. Phone Users Forget Bell LONE WOLF. Okla. ( Tele- phone users at this small Kiowa county community, iaced witn i higher rates, decided to forget Alexander Graham Bell ever in- vented the machine So 84 out of 165 subscribers told the Southwestern States Telephone ! Co. it could come and get the phones The furore started Aug. 31 wnen residential rates went up from $2.50 to 3.75. r 9th and Pins Phone 3188 I J' mi J Ji 1- V -tliJ i':'t'l 1 lOTWjBRENTiTWIST ExHusivelj'AtiWwds 37.95 TciTghef-inan-erer Brent Twist gives longer Veor offd greater shape-retention keeps that freshly preMed look all day long. Smart stripes, good-looking over plaids. Single or double breasted. 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