The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1898-02-04
ENORMOUS WEALTH.
VALUE nv POUNDS OF SOME OF LON
poN's GREAT PLACES
me Underground Railway ~ $3.50 an
/. Ineh--The Bank OF Engiand-Immsase
Riches Represented In Museums. Art
Galleries, Churches and Bridges


Galleries, Churches and Bridges.
"Have You ever thought what Lon
don is WORTH" remarked valuer e
the writer the other day. "and will you
believe me when i tell you that all the
money In the world piled mp in one
enormous heap would not buy the treas
ures ON which Londoners may gaze al
will every day Of their lives:'
There was ''copy" In the idea, and
took my valuer friend round London on
saluing intent.
/ We came 10 town ON the under
ground. 1.-TWO thousand yards of this
railway" said my friend, "cost g.
900, 900, or, if you like 10 have il so,
ESQ an inch. If you wanted to buy this
bit now, you would probably be asked
20, 600, 900 for it. There is another mile
ON the same line which would cost you
something like 1900, 900, having cost
a third of a 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 ihe wealth of
seven millionaires TO buy it. These 81
miles Of railway are worth quite el2,-
900, 600 as prices go nowadays.
"Get out at this station and look at
the monument. You would not buy il
for $40, 900. In five minutes You will
be at the Mansion House, which cost a
mere $40, 900 to build. but is now worth
nearer f750,000. The Royal Exchange,
as building Of bricks and mortar, is
worth e200, 900, but it stands on land
worth 60, 1000. 900. Not long ago land
in this neighborhood was sold at the
rate of 60, 900, 900 an acre.
1.-The Bank of England would prob
ably fetch 1000, 900 in the market,
but as there is always e20, 900, 900
worth of gold in the cellars its standing
value is about ga, 900, 900. Go west
ward over Holborn viaduct and remem-
Der that that short stretch of highway
Is worth over 60, 200, 600. You would
want nearly $4,000, 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
60, 900, 000
walk along the Strand and stand
for five minutes ON Waterloo bridge
The property you see here would make
dozens Of your friends millionaires at
stroke Two million pounds would not
buy those two hotels, and Somerset
House, at building cost only, is good for
$500, 900. The bridge you are standing
ON was disastrous failure when it was
built, but it is worth now more than
the 81, 900, 900 which it originally cost.
There are seven bridges ON either side
Of you, which cost between them over
"a, 600, 600. The tunnels underneath
the river are worth millions as a COM
mercial property, and the embankment
Is now worth probably double the e2,-
600, 600 which it cost to make.
IF st. Paul's were private property,
you might induce the owner TO sell it
for $40, 000,0 900, 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 el0, 600 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
he abbey-put up in lots-realized
ESQ, 600, 900. Fancy putting ticket ON
Jacobs pillar or the royal tombsl
"You have admired the magnificent
exterior Of the houses of parliament and
he splendid interior, but you will per-
,aps DO surprised to know that you could
rot erect these buildings today for G5,-
100, 600. st. Thomas hospital, and the
Albert embankment running along the
ront of it, are worth together over Ell,
100, 600, and the bridge leading to it
,ost a250, 900.
Perhaps you have never reflected
What privilege you enjoy in being
bile to visit so many places free. The
British museum, which anybody can
zee for nothing, could not be bought up
~ all the millionaires in America. If
{ were absolutely empty, it would be
worth 81 500, 600, and it is full of price
ess treasures, one collection alone be-
ng worth nearly e250,000. The Ma
ional gallery is worth millions 1t cost,
with the new Tate gallery section,
$3.50, 600 to build, and has one picture
which cost Ella an inch and 38 others
which cost 81, 700 apiece.
1.-THE Albert hall and Royal aquarium
are each worth about e250, 900, but the
Crystal palace cost more than three
times the value of both these, the bill
Tor the palace being el, 500, 900. Earl's
court, the great show rivaling the pal
ace, has millions worth of treasures
which you can see for / shilling, and
sven when it is empty the 90 acres of
gardens and buildings are worth $780,
900.
1.-THE hotels and public houses of
London could not be bought up for GEO.
BOO, 600, to say nothing Of the land ON
which they stand. Two of them pay
e450 a week between them in ground
rent. Buckingham palace is not very
gorgeous, but it is worth CA, 600, 900 as
IL stands and il you wanted to rent it