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The excerpt represents the core issue or deciding factor on which you must meditate, and is drawn from The Profits of Religion by Upton Sinclair: at fabulous sums, and unloading them on the investing public;
paying dividends out of capital, "passing" dividends as a means
of stock manipulation, accumulating surpluses and cutting
"melons" for the insiders, while at the same time crushing labor
unions, squeezing wages, and permitting rolling-stock and
equipment to go to wreck.
All these facts were perfectly well known in Wall Street, and
could not have escaped the knowledge of any magazine editor
dealing with current events. In eight years the "New Haven" had
increased its capitalization 1501 per cent; and what that meant,
any office boy in "the Street" could have told. What attitude
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