ACKNOWLEDGMENT 
For general direction and supervision of the inquiry into stock 
dividends and the preparation of the report the commission acknowl- 
edges the service of Mr. Francis Walker, chief economist, and Mr. 
W. H. S. Stevens, assistant chief economist. 
For valuable accounting assistance in the analysis and compila- 
tion of corporation returns, the commission lated the services 
of Mr. A. A. Hartley.