The Providence news. (Providence [R.I.]) 1891-1906, 1896-11-25
In Response to Many Inquiries from
all Parts Of the Country About the
Railway and Dock Construction Co.
The Officials hereby give full informa-
tion in Regard to the Company, Its
Business and Prospects.

etock for sale in lots to suit purchasers
at $40 per share. The par value Is 500
full paid and unassesss ble- stock olders
have no indiSidusl liability whatever.
The company has no indebtedness OF
any kinds in solid financial condition
and, as there are no bonds nor mort
cages, all the earnings go to the stock
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 dividends and
will sell at over 800 per share for 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-
ture and sell the new indestructibie piles
that do away altogether with the millions
Of wooden piles heretofore used every
where.
Nothing can compete With the inde-
structible Pile in the construction of
piers, docks, pulk heads, sea walls, foun-
cations for bridges, lighthouses, jctties.
rivers, harbors or on the sea coast.
This pile is an absolute necessity in
railway trestlework, as 1t guarantees
safety, and 1t will last forever, and there
Is an enormous demand for 1t.
Applications are pouring In from en-
gineers, contractors and railway officials
ell over the United States. These men
nnfo ba aintu Of
They are. perhaps, better able to judge
than others, because, out of total Of
1891 railroads 373 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,
indestruc.ibIe trestiework is causing tins
dems 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 $40 per
share.
Other and larger sources OF profit will
come 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 builo solid, ,inoestructible 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 adj
vantage of using the Railway and Dock
Construction Company's system Of build
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 new
system of dock construction Is certain
TO cause everywhere.
in projects now under way over s5),-
O0O, ,01O will be spent in improving navi-
CATION In rivers. bays, ETC., throughout
the country on jetties, b-eakwaters, aud
other work in which the indestructiDle
pile is a great necessity.
The city OF New York is spending
50, coo, 600 q year improving the city water
front.
In a private conversation Hon. j. Ser
geant Cram, ex- Presi dent Of the Board
OF Dock Commissioners, said: "There is
an immense fortune i'm this company's
system of construction"
The u. S. Senate Committee have re-
commended the expenditure OF eighty
million dollars for the protection of our
seacosst. About ten millions a year will
be spent during the next eight years.
The United States Government spent
about SO, COO, 900 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 Compsny's
system; Sl.0O0,0J0 has already been
expended on the two immense
jetties in the bay at Galveston; they are
simply loose rock dumped into the
water. Each jetty Is about 4l2 miles
long and forms continuous pyramid
100 feet wide at the bottom, tapering to
10 feet wide at the top above the water.
The Railway and Dock Constructio ion Com
pnny huild indestructible jetties of the
same size at the bottom as the top
and save this enormous waste Of stone
and labor.
1he "St. Louis Critic" strongly advo-
Gates the adoption of this company's sys-
TEN OF indestructiblo jetties to deepen
the Mississippi at st. Louis.
To provide additional funds to bid for
and execute some of this work, the COM
pany offer 20,00) shares to the p,blic in
lots to suit at the low price OF 5000 per
share in order TO have the stock quickly
taken. There ara no salnried officials.
The money derived from tho sale OF
stock, when not used in profitable con-
struction work, romans in the COM
pany's treasury.
Many leading marine engineers and
experts say: "This company's system
Of construction is coming into universal
use in building all improvements In
rivers aLa harbors."