"I judge property myself by its net earning power; that is the only rule I have been able to get.… This whole island Manhattan] was once bought for a few strings of beads. But now you will find this property valued by its earning power, by its rent power, and that is the way to value a railroad or telegraph."
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Testimony to the New York Senate Committee on Labor and Education
https://en.wikiquote.org/wiki/Jay_Gould
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Jay Gould
Jason "Jay" Gould (May 27, 1836 – December 2, 1892) was an American financier and railroad developer.
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