WELCOME IN U.S.A.!
At last the suppliers of foreign news have discovered an import that the United States appears to want. This import is the Canadian visitor, and he is wanted at any rate in the hotels on the United States side of the great border—so much so that they are "advertising % in Canadian papers that they will accept Canadian money at par." Publican philanthropy in the United Stales will, of
course, depend on what degree of depreciation the Canadian dollar leaches south of the border. No American hotel-keeper will welcome Canadian tourists and Canadian dollars at too great a discount—not unless he has first of all raised his charges in anticipation. It is clear, therefore, that a trade which rests on the willingness or unwillingness of individuals to accept, at par, discounted money does not rest on a very firm basis. A real remedy would be the sending from Canada into the United States of the milk and cream and other produce that were shut out by the Hawley-Smoot tariff (with repercussions oh New Zealand butter in Canada). But that is the sort of import that U.S.A. does not Want.
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Bibliographic details
Evening Post, Volume CXII, Issue 83, 5 October 1931, Page 6
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191WELCOME IN U.S.A.! Evening Post, Volume CXII, Issue 83, 5 October 1931, Page 6
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