other large buainesa men connected with the steel industry, has also no doubt gone to swell the capitalization of the great corporation. But good-will on this higher level of business enterprise has a certain character of inexhaustibility, so that its use ,; and capitalization in one corporation need not, and . indeed does not, hinder or diminish the extent}.* to which it may be used and capitalized in any '■ other corporation.' The case is analogous, though scarcely similar, to tliat of the workmanlike or artistic skill of a handicraftsman, or an artist, which may be embodied in a given product without abating the degree of skill possessed by the workman. Like other good-will, though perhaps in a higher degree of sublimation, it is of a spiritual nature, such that, by virtue of the ubiquity proper to spiritual bodies, the whole of it may undividedly be present in every part of the various structures which it has created. Indeed, the fact of such good-wUl having been incorporated in capitalized form in the stock of any given corporation seems rather to augment than to diminish the amomit at which it may advantageously be capitalized in the stock of the next corporation into which it enters. It has also the correlative spiritual attribute that it may imperceptibly and inscru-
■•7*f»
' This category of good-will slamls in a relation to the creation of vendible capital almilar t« that which the corporate f^od-nlU of an industrial busiueaa concern bears to Uie creation of vendible products.