The Providence news. (Providence [R.I.]) 1891-1906, 1896-12-03
In Response to Many Inquiries from
all Parts Of the Country About the
Railway and Dock Construction Co.
The Officials hereby give full informa-
ton in Regard TO the Company, Its
Business and Prospects.


ever. The company has no indebtedness
of any kinu-is in solid financial condi-
tion-and, as there are no bonds nor
mortgages, all the earnings go to tine
s took holders.
Many prominent men In banking, rail-
way and financial circles and other ex-
pert judges of stock values predict that
this stock will pay large divid'nds and
will sell at over 600 per shars Tor the
following reasons:
The Railway and Dock Construction
Company controls all The rights, titles,
patents and interests in ana the sole.
absolute and exclusive right to manufac-
ture and sell the new indestructible piles
that do away sltogether with tho millions
OF wooden piles heretofore used every
wnere nicn only has, s"Ort ,ime, as
alternate moisture ana drying and the
marine worms soon destroy the wood,
and leave q deceptive shell, incapable
10 sustain n load that redaires the fu ii
strength OF the original pile.-Old wood en-
plies mast De continually replaced at
great cxrepsc.
Nothing can compete with the inde-
structible Pile In the construction of
piers, docks, pulk kheads, sea- walls, foun-
cations for bridges, lighthouses, ietties,
breskwnters or other improvements In
rivers, rbors or on tho sea coast.
This pile is an absolute necessity In
safety, ana II will last forever, .nd there
is an enormous demand for It.
One elective wocden pils dera ling
train causes q less OF many thousands of
dollsrs in lives and property destroyed.
Applications arc pouring in from en-
gineers, contractors and railway officials
ell over the United States. These men
are quick TO see the certainty OF proit.
They are, perhaps, better able to judge
tSau others, because, out Of a total of
1891 railroads 373 Of these railway COM
panies are now preparing TO build 20,5i7
miles of new line. The great superiority
of the Railway and Dock Construction
Company's system of solid, substantial,
inoestructibe trestlework is causing tins
dems nd In this special Held.
Estimnted earnings from this one
source of prodt will pay 81 psr share an
nusl dividends-this is equal TO 30 per
cent. cash dividends per year on stock
bought now az present price Of $50 per
shsre.
Other and larger sources OF profit viii
come from contracts now in view, viz
In place OF the old wooden docks, COW
cred by temporary sheds, which now 6is-
figure the vater fronts of our cities, this
company build soli1 ,inoestructiole piers,
on which permanent iron, stone or biick
buildings are put up just the same as on
land.
Private owners of dock property ss
well as dock officials in the numerous
cities are becoming aware OF the great adj
vantage of using the Railway and Dock
Construction Comrany's system of build
ing in6eslructible piers to make solid
foundation upon which large buildings
can be erected. from which they can get
big revenues for rentals, etc., Lcok at
the increase Of taxable pro operty TIL, new
system of dock construction is certain
to cause everywhere.
s27, o0o, 900 hsvo already been expended
in improving Southern herbors and their
approaches.
in projects now under way over s5o.-
O0), 90 will be spent ia improving nsvi-
CATION In rivers. bays, etc., throughout
the country on jetties, b.eakwaters, aud
other work iu when the indestructitle
pile is great necessity.
The city OF New York is spending
s5, coo, 600 year improving the city water
front.
In a private conversation Hon. j. Ser
geaut Cram, ex-f -fresi dent Of the Board
of Dock Commissioners. said: "There Is
an immense fortune In this company's
-system Of construction.
The u. 8. Senate Committee hnve re-
commended the expenditure OF eighty
million dollars for toe protection of our
scacosst. About ten millions year viii
be srent during the next cight years.
The United States Government spent
about $40, coo, 600 in deepening the en-
trance 10 the Mississippi to divert tidal
action by old style work, which will bs
supplanted In future by the Railway
and Dock Construction Company's
system. s6,OOO,OO has already beer
expended on tue two immense
jetties in the bay at Galveston; they are
simply loose rock dumped into the
water. Each jetty IL about 4lo miles
long and forms continuous pyramid
100 feet wide at the bottom, tapering to
l5 feet wide at the top above tho water.
The Railway and Dock Construction Com
pany build indestructibie ielties OF the
came size at the bottom as the top
and save this enormous waste OF stone
and labor.
The "St. Louis Critic" strongly advo-
cstes the adoption OF this company's sys-
TEN OF indesiructible jetties TO deepen
the Mississippi at st. Louis.
To provide additional funds to ex
ecute some OF this work the com
pany offer 20, ,0o) shares to tina poblic IN
lots to suit at the low price OF 5000 pei
sbsre I'm order TO have the STOCK quick "