Library Books Returned 50 Years Late

[Crabtownboy]

I wonder if the check covered the costs of 50 years worth of overdue notices?

PHOENIX (Nov. 14) -- A high school librarian in Phoenix says a former student at the school returned two overdue books checked out 51 years ago along with a $1,000 money order to cover the fines.
Camelback High School librarian Georgette Bordine says the two Audubon Society books checked out in 1959 and the money order were sent by someone who wanted to remain anonymous.

http://news.aol.com/article/overdue...le/overdue-library-books-returned-half/767523

 

[Salty]

Finally, now I can go to Phoenix to check out those books :laugh:

 

[Alcott]

That fine money would be overpaid if that town was like mine. I got my first library card when our first grade class went to our public library on a field trip. The fine for overdue then was 2 cents per day. So I figure if checked out a book the first day of 1966 (that approx. date) the fine today would be $314.06. 7 more years would just add $51.14.Of course, by the time I was in high school the late fine was 5 cents a day, and, last I knew about, it was 50 cents a day! But those books were borrowed under the term of 50 years ago.

 

[Salty]

The fine for overdue then was 2 cents per day. So I figure if checked out a book the first day of 1966 (that approx. date) the fine today would be $314.06. .

Does that include interest?

 

[Alcott]

They never said interest would be applied. Regardless, I don't think the rates of all goods and services have gone up 25 fold in the last 43 years. If so, a loaf of bread would be $8.25.