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  • Mr. Byron W. Holt, editor of Moody???s Monthly, the financial authority, has asserted that ???the actual, visible assets of the United States Steel Corporation are only $300,000.000, or the amount of its bonds, and that all of both kinds of stock [more than $1,000,000,000 face value] is what is commonly called `water.?????? That is to say, the promoters of the merger put a capitalization on their
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