Staunton spectator and vindicator. [volume] (Staunton, Va.) 1896-1916, 1898-01-06
ENORMOUS WEALTH.
VALUE IN POUNDS OF SOME OF LON
DoNS GREAT PLACES.

The Underground Railway at $50 an
Inch-The Bank Of England-Immense
Riches Represented In Museums, Art
Galleries. Churches and Bridges.
"Have you ever thought what Lon
don is WORTH" remarked valuer to
the writer the other day, "and will you
believe me when I tell you that all the
money in the world piled up in one
enormous heap would not buy the treas
ures on which Londoners may gaze at
will every day Of their lives?"
There was copy in the idea, and
took my valuer friend round London on
valuing intent.
We came to town on the under
ground. "Two thousand yards OF this
railway said my friend, "cost eS,-
600, 900, or, if you like to have it so,
$50 an inch If you wanted to buy this
bit now, you would probably be asked
e5, 900, 900 for it. There is another mile
on the same line which would cost you
something like e2, 000,0 600, having cost
q third of million to lay down. But
that is comparatively moderate. II the
electric railway were put up to auction
and YOU were fortunate to get it at cost
price. YOU would need the wealth OF
seven millionaires to buy it. These 81
miles of railway are worth quite En-
600, 900 as prices go nowadays.
"Get out at this station and look at
the monument. You would not buy IL
for ego, 600. In five minutes you will
be at the Mansion House, which cost
mere gro, 600 to build, but is now worth
nearer e75O, 900. The Royal Exchange
as a building of bricks and mortar, IS
worth e2OO, 900, but it stands on land
worth So, 600, 900. Not long ago land
in this neighborhood was sold at the
rate of So, 900, 900 an acre.
ssThe Bank Of England would prob
ably fetch c4,O00,000 in the market,
hut as there is always 100000, 600
worth of gold in the cellars its standing
value is about e24 1000, 600. 20 west
ward over Holborn viaduct and remem-
her that that short stretch OF highway
is worth over e2, 900, 900. You would
! want nearly G2 ,o00,O 900 to buy the gen.
, eral postoffice, which you have just
passed, and the law courts, with the
/ land on which they stand, are worth
/ 100000.
t ssWalk along the Strand and stano
for five minutes on Waterloo bridge
; The property you see here would make
s dozens of your friends millionaires at
: stroke. Two million pounds would no
: buy those two hotels, and Somerse
: House, at building cost only, is good TO
s $500, 900. The bridge you are standln'
It on was disastrous failure when 1t wa
It built, but it is worth now more ina
}, the e1.O00,OOO which it originally cost
), There are seven bridges on either sid
a of YOU, which cost between them owe
Ie "a. 900, 900. The tunnels underneat
l. the river ere worth millions as CON
mercial property, and the embankmer
g is now worth probably double the e2
Of 600, 600 which it cost to make
I. "If st. Paul were private propert.
YOU might induce the owner to sell
for $40. 900, 900. but the Likelihood
;. very remote. Those battered banne
which you lave seen SO often woul
ne arouse pretty keen bidding at the sale
and if you got one for $40, 900 you mig
!" think yourself extremely lucky. Yves
10 minister abbey is difficult to value. 1t
I'd one of those things that cannot
TX bought, but the sales give us some i'd
er what historic treasures are worth IN Il
a market, and should not be surprised
lie the abbey-put up i'll lots-realiz
,lt $50, GOO, coo. Fancy putting ticket
Jacobs pillar or the royal tombsl
vd "You have admired the magnifice
ad exsssrriesrc 4 II: he bouses of parliament al
We the splendid interior, but you will p'
nd hars be gurprised to know that you COT
aw not erect these buildings today for s.
lat OO0, eco. St. Thomas hospital, and t
on Albert embaakment running along I
!. front CT it, c1e worth together over &
7as 600, 0GO, ard tho bridge leading to
lad cost e250, 0G0.
rly "Perlars yea Eave never reflect
'ok what u privilege you enjoy IN bel
To- able to visit SO many places free.
ut, British Il. uecu1... which anybody
len see fcr nothing, couid not be bought
IVY by all The miiiionaires i'll America.
his it were absolutely empty, 1t would
ON worth 81, $50, 0C0 and it is full OF pr
in less t-ocsurcs, ere collection alone
our ing vcrth uearly $500 The
it, tion.l gallery is worth millions. 1t CT
vas with the new Tate gallery sectl
and aS5o,CCO u luild, and has one plct
nse which cost sl4 an inch and SO otf
as l which cost 81, 7O0 apiece.
ted, 'sThe ALERT hall and Royal aquarl
oar are each w4rth about e250, 600, but
lose Crystal palace cost more than ii
lere times the value of both these, the
old for the palace being 81, 500, GOO. Ea
ugh court, tho great show rivallng the
most ace, has millions worth OF treas
here which you can see for l shilling,
me even when it is empty tho 20 acre
II / gardens and buildings are worth &3
ONE 600.
arge "The hotels and public houses
nps. London could rot be bought UP fer
he OGO, coo, to say nothing OF the lam
That which thew stand. Two Ct them
- $3.50 a week between them in gre
rent. Buckingham palace is not
gorgeous, but it is worth Ga, 200, 90
it stands, and il you wanted to re
itor, privately you would have to pay "a
1t of a week for it. Devonshire House
I'd to Lansdowne Eouse, in Piocadilly, W
'ead cost you 81, 600, 600, but you would
his expect the picture galleries thrown
that at this price. They are worth hune
of thousands. London Tit-Bits.
city
acci- xv.+I,or4 I.are6t of Clergy.