Excerpt from Self Culture, Vol. 6: A Magazine of Knowledge; With Departments Devoted to the Interests of the Home University League; October, 1897, to March, 1898 Says I P. Meany, in a recent publica tion, after computing that $7 of the railroad stock in existence is du plicated in the estimates of the total in vestment, how much of the remainder was issued without cash consideration it is impossible to ascertain, but it is within the bounds of safety to say that of the stock now out standing not more than is full paid st The result of such baseless capitalization is bankruptcy to the overloaded companies, and a menace of insolvency to their competitors. As Poor's Manual said a dozen years ago. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.