Word: deficitless
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...years before the great $39,000,000 deficit could be washed away and dividends actually be paid on the common. Last week the mechanics of a reorganization scheme were started. American Agricultural Chemical Co. (of Connecticut), largely a holding company, will be dissolved, its assets transferred to the deficitless American Agricultural Chemical Co. (of Delaware), an operating company. Thus, capital no longer impaired, dividends can be paid as earned...