The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1896-04-02
II: MOST vAigAslEeL.f 9F esnVN.
IN ~. WORLD.
A PROMINENT BANKER
TALKS ABOUT 1T.
Investments i'm Stocks and
Real Estate Compared.

took place between three well-known
men, which Mas remai kable illustra-
tion of the rise in value of real estate
in the vicinity of Wall street. The
rumor, when first started, was that
ex-Collector Thomas Murphy WAS
trying to buy the property on the
northeast corner of Broadway and
Wall street, known as the United
Bank Building, and owned jointly by
the National Bank of the Republic
and the First Natioal Bank-that he
had bid two millions for it-after part
ing with the same property yeags ago
for about 100000.
After dilligent inquiry we learned
that the talk occurred in the Office of
w. G. Dunn & Co., the bankers, at
2 Wall street.
When asked as to the truth of the
story. Mr.. Dunn said: ga few days
ago, during the course of conversa-
tion in my Office between Mr.. Henry
w. Ford, ex-presiIent Of the National
Bank of the Republic, ex-senator
Murphy and myself, the Senator said
to me: George, in 1851 l bought the
property on which this building now
stands for s92, 500, and 1 sold it in
about two weeks to a bank for
"'One hundred and ten thousand
dollars said Mr.. Ford.
"'Exactly,' said the old Senator,
how did you knows'
"'Because it was my bank that
bought the property Mr.. Ford re-
piled, and two million dollars has
been refused for tit is worth about
two million and half-it is The most
valuable piece of real estate in the
world
s.Of course" Mr.. Dunn remarked,
''it is all very we'll forpeople who can
afford 10 wait lifetime for profits to
put their money in real estate that
may be more valuable in the dim
distance of the future; but, in my
judgment, there are quicker and bet
ter opportunities to make money by
buying low-priced stocks of new COM
panies that have solid merit and
worldwide demand for the inventions
they control. For instance, look at
the quick profits made by buyers of
Bell Telephone Stock, which rose
from about $40 share up to over
5000; Pullman Palace Car Stock 60
ing up to $3.50; Elevated Railway
Stock from $50 to S170; the original
Edison Electric Stock rising from 45
to 5000 dollars a share in about a
year; and the many other stocks CT
companies owning useful inventions
which have paid substantial dividends
to alert buyers while rapidly increas-
ing in value.
81 believe that Railway and Dock
Construction Stock, now selling at a
very low price, will prove as good if
not better investment than any of
the stocks named because the Rail-
way and Dock Construction Company
own the absolute monopoly of the new
Indestructible Pile, that does away
altogether with the millions of wood
en- piles heretofore used everywhere.
"Nothing can compete with the In
destructiple Pile in the construction
of piers, docks, bulkheads, sea walls,
foundations for bridges, lighthouses
jetties, breakwaters or other improve
ments IN rivers, harbors or on the sea
cost.
This pile is an absolute necessity
in railway ,rest work, as it guaran-
tees safety and it will last forever.
"The many applications from engi-
neers, contractors, railway officials
and others now coming into the Rail-
way and Dock Construction Company
convince me to certainty that this
stock is about to have an immense
rise-the shares in the company's
treasury will soon be sold, and in,
tending investors will have to buy
the sto.k in the open market a,
whatever price the lucky holders may
be willing to part with it.
"The city of New York is spending
$3.0000,O00 year improving the
city water front, and the Dock De
partment intend to apply to the leg
islature to raise the limit from three
million to FIVE million year. Pri
vate owners of dock property as vel
as dock officials in the numerous cit
les are becoming aware of the great
advantage of using the Railway and
Dock Construction Company's sys
tenn of building indestructible pier'
to make a solid foundation, upor
which large buildings can be erected
from which they can get big revenues
for rentals, etc. Look at the enor
nous increase in taxable property
this new system of dock construction
is certain to cause everywhere.
"Over S5O,OOO,OOO will be spent il
improving navigation in rivers, bays