Dock property was secured at low prices and made valuable by buildings and development.

Large unimproved tracts of land near the important business centres were acquired.

We brought our industries to these places, made the land useful, and increased the value, not only of our own property, but of the land adjacent to it to many times the original worth.

Wherever we have established businesses in this and other countries we have bought largely of property.

I remember a case where we paid only $1,000 or so an acre for some rough land to be used for such purposes, and, through the improvements we created, the value has gone up 40 or 50 times as much in 35 or 40 years.
Others have had similar increases in the value of their properties, but have enlarged their capitalization correspondingly.