Business & Finance: Penn Stroke

A century-old real estate dream came true last week in Baltimore. Back in 1828 Peter Cooper, Manhattan financier and philanthropist, of Cooper Union fame, and a group of Baltimore businessmen organized Canton Co., purchased Canton—a strip of land along the Baltimore water front for $105,000. It was thought at that time that the then-young Baltimore & Ohio R. R. would want the Canton district for a Baltimore freight terminal. No purchase was made, however, and for many years Canton remained comparatively undeveloped, its chief industries being cockfighting and politics. Shortly before the Civil...

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