Quote#Politics & Power
I judge property myself by its net earning power; that is the only…
Quote byJay Gould · 1836–1892
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: Jay Gould : A Character Sketch (1893), Testimony to the New York Senate Committee on Labor and Education.
English (original)
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.
— Jay Gould
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