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It was doubtless desirable, if possible, to avoid the reckless methods by which so many American roads had been hopelessly waterlogged by excessive bond issues. The memory of the St Paul and Pacific's six-million share capital as against its twenty-eight-million bonded indebtedness was fresh in the minds of the members of the syndicate.
The whole population of the great six-million city was stirring, slipping, running; presently it would be pouring en masse northward. "Black Smoke!" the voices cried. "Fire!" The bells of the neighbouring church made a jangling tumult, a cart carelessly driven smashed, amid shrieks and curses, against the water trough up the street.
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