In 1817, Canada's Price Bros. & Co. began a mighty career in lumber, later branched into paper. Its own printed currency was long accepted locally as legal tender. Were Price Bros. banknotes circulating today they would find few takers. Competetive ferocity in a traditionally ferocious industry ground down newsprint prices from the post-War $110 per ton to a Depression $40. Short on profitable U. S. contracts, long on overhead, Price Bros. defaulted interest payments on its bonds in 1932. Promptly mustered was a bondholders' protective committee chairmanned by Boston's W. (for Willard) Eugene...
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