FICTITIOUS CAPITAL HERE AND ABROAD One of the most serious evils connected with corporations for business purposes in the United States has been the creation of fictitious capital. There have been various methods by which this has been brought about. Our readers are familiar with that known as watering stock, to which we have had only too many occasions to refer...
Sounds like a perfectly reasonable comment today, but this is from a 1880 New York Times article, referring to railroad stocks. http://query.nytimes.com/gst/abstract.html?res=9502EFDD1E31EE3ABC4850DFB766838B699FDE -raghu.
