The Somerset herald. [volume] (Somerset, Pa.) 1870-1936, 1898-02-02
ENORMOUS WEALTH.
VALUE IN POUNDS OF SOME or LON
DoE's GREAT PLACES.

DOk'S GREAT PLACco-
The Underground Railway At sI5o an
Ipeh-The Bank Of Englsnd-Immense
Riches Represented In Museums, Art
Galleries. Churches aud Bridges
Have ycu ever thought what Lon
don is WORTH remarked valuer to
the writer the other day. land viii you
believe me when tell you that all the
money in the world piled up in one
enormous heap would not buy the treas
ures on which LoDdoners may gaze at
will every day Of their ives?"
There was copy in the idea, and 1
took my valuer friend round London on
valuing intent.
We came 10 town ON the under
ground. 1.-Two thousand yards Of this
railway" said my friend, cost g.
600. 600, or. if you like 10 have it so,
$50 an inch. If you waIIted TO buy this
bit now, you would probably be asked
e5. OO0, OO0 for it. There is another mile
On the same line which would cost You
something like 60, 600, OO0, having cost
a third Of million 70 lay down. But
that is comparatively moderate. If the
electric railway were put up TO auction
and you were fortunate to get it at cost
urice. YOU would need the wealth Of
seven millionaires to buy il. These g =
miles Of railway are worth quite el2,-
600, eco rs prices go nowadays
Get ont at this station and look at
the monument. You would not buy 1t
for 600, 900. In FIVE minutes you viii
be at the Mansion House, which cost
mere so. 600 TO build, but is now worth
nearer ESQ, 600. The Royal Exchange,
as building Of bricks and mortar, is
worth goo, 900, but il stands ON land
worth e., 600, OO0 Not long ago land
in this neighborhood was sold at the
rate Of e., 0O0, 900 an acre.
1.-The Bank Of England would prob
ably fetch 4,O0O,o coo in the market,
but as there is always e20, 600, 600
worth Of gold in the cellars its standing
value is abCut SPA, 900, 600. Go west
Der that that short stretch Of highway
is worth over e2, OO0, 900. You would
want nearly 90, 600, 600 to buy the gen
eral postofice, which you have just
passed, and the law courts. with the
land On which they stand, are worth
60, 5G0. 600.
"Wall along the Strand and stand
for FIVE minutes en- Waterloo bridge.
The property you SEE here would make
dozens Of yorr friends millionaires at a
stroke Two million pounds would not
buy those two hotels, and Somerset
House, ct building cost only, is good for
$500, 900. The bridge you are standing
On was disastrous failure when 1t was
Luilt, but il is worth now more than
the el, 00O, 600 which it originally cost.
There are seven bridges on either side
Of you, which cost between them over
81, 900, 00O. The tunnels underneath
the river are worth millions as a com-
mercial property, and the ombankmenE
is now worth probably double the g.
oOO. coo which il cost TO make.
IF st. Panl's were private property,
you might induce the owner TO sell il
for $40, 900, o00 but the likelihood is
very remote. Those tattered banners
which you have seen so often would
arouse pretty keen bidding at the sales,
and if you got one for $40, coo you might
think yourself extremely lucky. West
minister abbey is difficult to value 1t is
one of those things that cannot be
bought, but the sales give US some idea
what historic treasures are worth IN the
market, and / should not be surprised if
the abbey-put up in lots-realized
950, 600. coo. Fancy putting a ticket on
Jacobs pillar or the royal tombsl
You have admired the magnificent
exterior Of the houses of parliament and
the splendid interior, but you viii per
haps be surprised 10 know that you could
not erect these buildings today for e5,
000, 600. St Thomas hospital, and the
Albert embankment running along tie
front of it, are worth together over 81,
600. coo, and the bridge leading TO it
cost e25O, eco.
Perhaps you have never reflected
what privilege you enjoy in Icing
able TO visit so many places free. The
British museum, which anybody can
sec for nothing, could not be bought up
hy all the millionaires in America. If
it were absolutely empty, it would be
worth 81, 5O0. 600, and it is full of price
less treasures, one collection alone be-
ing worth nearly e25O, 0O0 The Ma
tional gallery is worth millions 1t cost,
with the new Tate gallery section,
$3.50, 0oO u build, al d has one picture
which ccs: el4 an inch and IS Others
which cost 81, 200 apiece.
The Albert hall and Royal aquarium
are each worth about e250, 600, but the
Crystal palace cost more than three
times the value of both these, the bill
for the palace being 81, 500, 0O0 Earl 5
court, the great show rivaliRg the pal
ace. has millions worth Of treasures
which you can see for l shilling, and
even when it is empty the % acres Of
gardens and buildings Ire wcrth $500,
600.
The hotels and public houses Of
London could not be bought mp for e20,-
600, 600, TO say nothing Of the land on
which they stand Two Ct them pay
$3.50 week between them in ground
rent. Buckingham palace is not very
gorgeous, but it is worth 81. 600, 600 as
IT stands, and if you wanted TO rent it
privately you would have TO pay 81, 600
a week for it. Devonshire House and
Lanstlowne Eouse. in Picca6illy, would
cost you e., 600, 600, but you would not
expect the picture galleries thrown in
at this price They are worth hundreds
o. thousands. London Tit-Bits.
Without Benefit Of Clergy.
Miss Pruyn-oh, deari So you were
u. L L