The Providence news. (Providence [R.I.]) 1891-1906, 1896-11-30
In Response to Many Inquiries from
all Parts Of the Country About the
Railway and Dock Construction Co.
The Officials hereby give full infurma-
ton in Regard to the Company, It's
Business and Prospects.

uV'i III iioSoiu W 'iIS VV!lIponJy lio
Business and Prospects.
The company offers 20, 0I0 shares OF
stock for sale in lots To suit purhcssers at
S2O per share. The par value is 800 per
share-full paid and unassess ble-stock-
holders have no Individual liza bility what
ever. The company has no indebtedness
OF any Einu lis in solid financial condi-
ton and, as there are no bonds nor
m ortgages. all the earnings go TO the
stock holders.
| Many prominent mon I'm banking, rail-
/ way and financial circles and other ex-
/ pert judges OF stock values predict that
this stock will pay large oivid>uds and
will sell at over 800 per share ,or the
! following reasons:
! The Railway and Dock Construction
Company controls all the rights, titles,
patents and interests in and tho sole.
absolute and exclusive right TO manufac-
ture and sell the new indestructible piles
that DO away altogether with the millions
OF wooden piles heretofore used every
where y hicb only Lass saor. timr. as
alternate moisture and drying ana the
marine worms soon de1tToy the wood,
and leave deceptive shell, Incapable
to su5tsin a load that requires the fu II
strength OF the original pile. wood en-
plies must ne continually replaced at
great cxrerse.
Nothing can compete with the inde-
structible Pile in the construction Of
piers, docks, Dul<heads, a-walls, foun-
cations for bridges, lighthouses, jetties,
breakwsters or other improvements In
rivers, harbors or on the sea coast.
This pile is an absolute necessity in
railway trestleworS, as 1t guarantees
safety, and IL Will last forever, and tn.Ge
is an enormous demand for II.
One effective WOODEN pile derailing a
train causes lcss 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 mon
are quick TO see the certainty OF pruat.
They are, perhaps, better able to Judge
tAsn Others, because, out of a total OF
1891 railroads 313 of these railway com
panies 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,
incestructible trestlework is causing ths
demand in this special Held.
Estimated earnings from this one
source of profit will pay 81 per share an
nual dividends-this is equal to 35 Der
cent. cash dividends per year on stock
bought now at present prics OF $40 per
share.
Other and larger sources of profit will
como from contracts now in view, viz
In place of the old wooden docks, COW
cred by temporary sheds, which now dis
figure the water fronts of our cities, this
company build solid, ,inoestructiole piers,
on which permanent iron, stone or brick
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 al
vantage of using the Railway and Dock |
Construction CompaDy's system Of build
ing indestructible piers to make 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 ia certain
o cause everywhere.
s27, 900, 900 have already been expended
n improving Southern harbors and their
pproaches.
in projects now under way over s5o,-
,0), 0C0 will be spent in improving navi-
.ation in rivers. bays, etc, throughou
he country on jetties, breakwaters. aud
,ther work in whicn the indestructiple
bile is a great necessity.
The city OF New York is spending
8, ,Ooo, eco year improving the city water
'front.'.
In a private conversation Hon. j. Ser
,eant Cram, ex-Presi dent OF the Board
Il Dock Commissioners. said: "There is
=, immense fortune -in-this company's
ystem of construction"
The u. s. Senate Committee have re-
commended the expenditure of eighty
million dollars for the protection of our
eacosst. About ten millions a year will
10 spent during the next eight years.
The United States Government spent
bout $40, COO, 600 in deepening the en-
rance 10 the Mississippi to divert tidal
ction by ola style work, which will be
Implanted I'm future by the Railway
nj Dock Construction Company's
'stem. $4,000, 900 has already been
expended on the two immense
cities In the bay at Galveston; they are
imply loose rock dumped into the
vater. Each jetty Is about ai2 miles
ong and forms continuous pyramid
90 feet wide at the bottom, tapering to
feet wide at the top above the water.
he Railway and Dock Construction Com
any build indestructible jetties OF the
ame sizc at the bottom as the top
nd save this enormous waste of stone
nd labor.