In Detroit the word got around fast. The Canadians had revalued their dollar. Instead of being worth only 91 U.S. cents, it was now worth a U.S. dollar. But Washington apparently had not heard about it. At the postoffice, smart Detroiters were still able to buy postal orders for cashing in Canada at 91 U.S. cents for a Canadian dollar. The Detroiters cashed the orders in Canada. The Canadian dollars were turned in, dollar for dollar, for U.S. dollars. The quick profit: 9%.
Not till thousands of dollars in such shenanigans had been made...
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