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JULIUS ROSENWALD PLEDGES $20,000,000 FOR SEARS-ROEBUCK: President of Company Takes Over Its Real Estate for $16,000,000. MAKES 50,000-SHARE GIFT Enables the Corporation to Reduce Its Capital Liabilitiesby $5,000,000.ITS RESOURCES ARE INTACT President's Action Allows It to Go Through Readjustment PeriodWith Small Surplus. Reduces Liabilities $5,000,000. Price Determined by Appraisal.
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