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(Assuming that "the statue" refers to the Statue of Liberty) The actual statue was not placed on Ellis Island, but it is very close by. Since Ellis Island was a major centre for incoming immigrants, millions of people coming there from around the globe would see the statue and read its message as they passed nearby. The significance is that a huge statue bearing a message of welcome and sanctuary for outsiders sat right where those very people would be able to see it.

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