The Providence news. (Providence [R.I.]) 1891-1906, 1896-12-01
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.

stock for sale in lots to suit purhcssers at
go per share. The par value is s100 per
share-full paid and ble-stock-
| holders have no Individual liability W hat
ever. The company has no indcbtednes
/ OF any KIND lis in solid financial condi-
| tion--aDd, as there are no bonds nor
mortgages, all the earnings go to ths
| stockholders.
! Many prominent men In banking, rail-
way and tinancis! circles and other ex-
pert judges OF stock values predict that
this stock will pay large dividsuds and
will sell at over 500 per share 'or the
following reasons:
The Railway and Dock Construction
Company controls all the rights, titles,
patents aud interests in and the sole.
absolute and exclusive right to manufac-
turo and sell the new fndestructible piles
that do away altogether with the millions
of wooden piles heretofore used every
where " hicB only last IA saoft time, AS
alternate moisture and drying and the
marine worms soon destroy the wood,
and leave deceptive shell, incapa bic
TO sustain load that requires the fu il
strength Of the original piie.-old wood en-
plies must be continually replaced at
great expense.
Nothing can compete with the inde-
structible Pile in the construction of
piers, docks, oul& heads, sea- walls, foun-
cations for bridges, lighthouses, ictties,
breskwsterH or other improvements IN
rivers, hsrbors or on the sea coast.
This Pile is an absolute necessity in
railway trestlework, as 1t guarantees
safety, and II Will last forever, and tntre
is an enormous demand for il.
One elective wooden pile cera ling n
train causes ioss of many thousands OF
dollars in lives and property destroyed.
Applications are pouring in from en-
gineers, contractors and railway officials
all over the United States. These men
are quick 10 see the certainty OF proat.
They are, perhsps, better able to judge
than others, because, out OF total of
1891 railroads 373 Of these railway COM
psnies are now preparing to build 20, 547
miles OF new line. The great superiority
of the Railway and Dock Construction
Company's system OF solid, substantial,
tndestructible trestlework is causing tins
deme nd In this special field.
Estimated earnings from this one
source of profit will pay 81 per share an
nual dividends-this is equal to 80 per
cent. cash dividends per year on stock
bought now at present price OF $50 per
share.
Other and larger sources of profit will
come from contracts now in view, viz
In place OF the old woode docks, COW
cred by temporary sheds, which now dis
figure the water fronts OF our cities, this
company build solid, inoestructible piers,
on which permanent iron, stone or brick
buildings are put up just tine same as on
land.
Private owners Of dock property %
well as dock officials in the numerous
cities are becoming awsre OF the great ad-
vantage OF using the Railway and Dock
Construction company's system of buiId-
ing indestructible piers TO make q solid
foundation upon which large buildings
can be erected, from which they can get
big revenues for rentals. etc., Look at
the increase of taxable property this now
system OF dock construction is certain
to cause everywhere.
s27, 900, 900 have already been expended
IN improving Southern hsrbors and their
approaches.
in projects now under way over s50,-
900, 900 will be spent in improving ravi-
cation in rivers. bays, etc, throughout
the country on jetties, b-eakwaters, aud
other work in when the indestructiple
pile is great necessity.
Tne city OF New York is spending
IS, 900, 900 year improving the city water
front.
In private conversation Hon. j. Ser-
geant Cram, ex- fresi dent OF the Board
Of Dock Commissioners. said: "There is
an immense fortune in this -company,s-
system of construction.
The U. S. Senate Committee have re-
the expenditure of eighty
million dollars for the protection of our
scscoast. About ten millions a year viii
be spent during the next eight years.
The United States Government spent
about $4,000, 900 in deepening the en-
trance 10 the Mississippi to divert tidal
action by ola style work. which will be
,upplsnted in future by the Railway
md Dock Construction Company's
ystem. s6,O00,0O0 has already been
* pended on the two immense
etties in the bay at Galveston; they are
simply looss rock dumped into the
water. Each jetty is about 4l2 miles
ong and forms a continuous pyramid
100 feet wide at the bottom, tapering to
10 feet wide at the top above the water.
The Railway and Dock Construction Com
pany build iuoestructible jetties of the
,ame size at the bottom as the top
md save this enormous waste of stone
md labor.
The "St. Louis Critic" strongly advo-
,ates the adoption OF this compauy's sys-
em OF ipdestructible jetties to deepen
the Mississippi at st. Louis.