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TWO EVEMiNG TIMES, (JUALBEKLAiM), Mi). TUESDAY, MARCH 4, 1952 1'iione 4tjUU ior a \vAni AD laker Condemnation Suits Pave Way For Third Phase Of Flood Job American Money Helps Boost Canadian Dollar The city turned over money to the government yesterday to cover cost of condemnation proceeding for tu'o properties and paved the way for opening of the third phase of the flood control project. The Mayor and Council yesterday ordered a check for $42,515 paid to the Treasurer of the United States for condemnation proceedings on property owned by Emory J. Thompson, Narrows, and a permanent easement for part of Hie Atlantic: Refining Service Station. property in the Narrows. In effect, the action is similar to posting a bond to cover possible awards made in a condemnation suit for right to entry to the properties. Efforts of the city to acquire the needed land will be continued, but filing of the suit will allow work to continue while the negotiations are under way. ' The Corps of Engineers ha.-, awarded the job to the E J. Albrecht Company, Chicago, for $1,606,725. Work, however, is not exper.ed to get under way until about the first of May, since the contractor will have to wait until the water is low to do much of the channel work. The project will consist, of dredging Wills Creek and paving its bed which, when completed, will step -lip the velocity of the stream two to three times. The work will begin near the Standard Oil Company's bulk plant jin the Narrows to the Betholene, bulk plant, some 700 feet inside i the city limits. • The appropriation will place the City's Flood Control account furth- ' er in the red, since the account . was overdrawn about $10,000 on i January 31, as the city paid for | clean up jobs from the second i phase. ! Arihttr B. Gibson, city auditor, jsald the city has spent $1,100,000 of it. 1 ! si'.z million bond issue for the flood control project and has authority to issue only $400,000 | more. i Meanwhile, the Board of Allegany | County Commissioners has sold a :$ 1,000.000 bond issue for its part ol , the work, but none of that money ihas yet been made available. Korean Orphanjie Planned For Guerillas' Children PUS AN, Korea — f.-P) — The Koi ream who fight Communist bands i 'behind the front are contributingj money to build an orphanage for I children abandoned by their guer- • rilla parents. The officers and men of Lt. Gen. Paik Sun Yup's forces so far have contributed $1,333. The orphanage will be built at Songjong. in Southwest Korea. So far 250 children have been picked up in operations against j | guerrilla strongholds. Now at HAUGER'S / ELGIN BANNER BUYS \' of '52 I MARCH 1st UNTIL EASTER BUY YOUR GRADUATE'S WATCH NOW AND SAVE I $1,00 HOLDS A WATCH UNTIL YOU NEED IT! A WEEK Herc'i the smartest lineup of watch values, ever! Brilliant modern styling in every Hue of the smaller-size cases ... exciting new ideas in dials, crystals and bracelet bands. Sec the complete selection here, now! frrctt tncbxU Frd»rol Ion THE WATCH WITH THE HEART | THAT HEVER tKAK GUARANTEED OURAPOWtt Fifteen 17 Jewel Watches for '52 at ER'S JEWELRY 16 N. Centre St. Phone 4378 OFFICIAL WATCH /NSPFCTORS FOR S&C, C&P, AND W.MD. KK. TORONTO Lhe border, ain't what it Technically saying that has reached U. S. dollar. POPULATION BOOM brought thousands of European DPs to Canada, which helped strengthen the nation and, indirectly, the Canadian dollar. These men learn mining techniques at a gold mine at Tjmmins, Ontario, from the foreman at left. By JAMES MONTAGNES Is'EA Special Correspondent Training Center the less dependent it will be on pj ew Then, too. Canada has high taxes, To Be Built At Alberta designed to curb spending and slow down the inflationary spiral. There EDMONTON, Alta. — W) — A are no price or wage controls—yet.(sparsely-settled chunk of bush and But there is credit control on in-i muskeg country along the Alberta- dustrial expansion, administered |Saswatchewan boundary 175 miles through the government's Bank of j northeast of Edmonton is being Canada, and consumer credit regu-iconverted into a svper-bombmg and lations are tighter than those in the' rocket range for the R.C.A.P. U. S. \ The 14 million dollar project will Foreign exchange control origin- : provide a mammoth airport which ally came to Canada a few days ' — ... — After it entered the war in 1939. The government set a rate of exchange for other currencies, with the U. S. dollar worth $1.10 in Canadian money until late 1950. Then most of the exchange control restrictions were lifted, and the Canadian dollar was allowed to seek its own level. Immediately, the premium on U. S. dollars dropped to five cents, and by last Summer it was down to three. In December, 1951, ail restrictions were lifted, and now the two dollars are at par. will have an ultimate population of! The present Aga Khan, Moslem 5.000 air force personnel and their | leader, is third of his immediate families. ' line. 36 TABLETS 25c 100 TABLETS 49c jrin at its Best * ** AT THE POPULAR PRICE THE MILLIONS FAY St. Joseph ASPIRIN WORLD'S LARGEST SELLER AT 10< Bulges In Wrong Place Trap Woman 'Shopper' KENNEWICK, Wash.—(/P)—Bulges in the wrong places trapped a woman in a food store here. Store employes found three slices of ham under hex coat. When police were called, they hit the jackpot. She had three steaks tucked into her stocking tops. , Canada — North of the Canadian dollar used to be. It's better. , this i* expressed by the Canadian dollar pax value with the To American tourists, this means the end of that favorable rate of exchange they've long enjoyed. The visitor could go Into a five-and-ten in Halifax last Summer, or a meat store, in Windsor or a trading post in the wilds of Ontario, and get $1.03 in Canadian money for every American dollar he exchanged. Today, it's an even-up affair. One American dollar equals one Canadian dollar, and vice versa. This foreign exchange rate is "arrived at on the open market, with every country's money bringing what it's worth. The change hi the Canadian dollar's value indicates a change for the better in Canada's financial strength. Part of the reason for the upturn in Canadian financial fortunes stems from the American money which has come north. Tourists brought in some, investors brought in more. Altogether, almost $2,000,000,000 (U. 8. money) came to Canada in the past few years. • * » This money has gone, directly and indirectly, to make Canada wealthier and more self-reliant. Investors staked Canada's expanding mineral industries — oil and coal — and its huge forest and chemical works. Money went to develop the .Canadian power system. American investors have found Canadian properties to be sound and to yield R good return. Evidence of their faith In Canadian securities came recently, when a new bond issue of a world-wide Canadian transportation system was offered on the New York market. The bonds had to be bought with Canadian dollars, and there was a rush in New York to obtain Canadian money to pay for the bonds. So much Canadian Industry has been started by American capital that the average Canadian is a little worried. He's afraid U. S. interests are taking too big a share in their new developments. Canadian financial circles are urging Canadians to follow the American lead, and invest their own savings in homegrown securities. The dominion's expansion—and the accompanying strengthening of the Canadian dollar is due to other factors besides American investments. There have been no major recurring labor troubles, despite some strikes in railways and manufacturing industries. And Canada Is in the midst of a NEW CANADIAN Is .Terry Wladyslow Meier, a metallurgist from Poland. In 1951 alone, 175,000 persons came to Canada. gigantic population growth. More than 500,000 people have come from Great Britain and Europe in the past few years, and 175,000 streamed into the dominion in 1951 alone. That was the biggest year since the 1913 immigration boom year. The larger Canada's population, the bipfier its home market and 1952 • WASHERS • RANGES • REFRIGERATORS NOW ON DISPLAY Goodyear SERVICE STORE 217 N. Mechanic St. Phone 52 ^j~M3 CQffGOWU. opplied by 7rod< Work ® Picture your kitchen, bath, any room with bright new walls that look and feel like expensive tile! Thrifty CONGOWALL'S baked- on enamel is so smooth it cleans in p jiffy ... so heavy it never needs refinishing. Flexible CONGOWALL is so easy to handle that you'll enjoy applying it yourself. 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