The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-11-25

This means that no matter what the
certificate is worth as stock. no matter
what it is quoted at in the market, the
bearer thereof can step onto a ten-hour
train for New York and pay his or her
friends fare with 1T, or pay for freight
to the amount of 800, and all with a GER
tificate of stock that costs only s2S at the
present moment 1t is evident, therefore,
what an unusual opportunity this stock
offers. Nothing on earth can wreck its
value. From the moment the road begins
to run trains, each share OF stock Will De
lust as good as money; four times as
good as if bought at present prices. 1t
will be easy TO turn into instant cash If
you don't want transportation, because
any ticket broker will cash it al small
discount for brokerage, even in one year
from date, when the first five hundred
mile section of the road is in actual opera
ton between Chicago and Goshen
The Earnings of the Road Will Be
Beyond All Precedent.
The new electric road would command
an enormous patronage even if il did not
offer any advantage in speed. convenience
or comfort over existing steam lines, for
its rate of so. which is about one-half of
present passenger rates. would command
the traffic But when in addition to the
fact that the rate is only so we add the
fact that the time is only ten hours ana
the well-known advantages OF electric
over steam transit, there seems little fea-
son to doubt that the old steam lines VIII
be forced to lose very large part OF thelc
present business and the electric ROAD Will
get ii. Not only that, but the new rodo.
with it's cheap fares, Will create a new
travelling element will enthIse new peo-
pie who have hitherto Travelled httle or
not at ALL to go on journeys, just as sum-
mer rates do it even now, TO some extent
on steam roads.
Line Railroad will traverse the richest and
most densely populated part of the coun-
try II is not a road to be built on Gar
den of Eden theories, only to face sage
brush realities, as were some of the great
steam roads, but will run through
country that fairly huns with industry
and between terminal cities the wealth
of which is simply incalculable. Its
patronage will be awaiting its opening
day in eager anticipation, and the golden
stream of profits that will fill the peck
cts of it's stockholders will bring about
wonderful shifting of the wealth OF the
country. Many humble tradesmen and
mechanics who had the courage and wis
dom to invest few hundred dollars in the
new electric road at its present low price
will be the rich men Of the next few
years.
The Chicago-New York Electric Air
Line Railroad will dominate a territory
having eight million six hundred thousand
population. and this. by the time the
road is built will increase by one mill
lion This is equivalent to twelve thou
sand population per mile of road, includ-
ing branches The population that may
he safely calculated as living near enough
TO be regarded as tributary and likely to
the line is twenty-SiX million.
our experts have figured that the earn
ings from passenger traffic alone can
hardly fall below thirty-five million dol
lars yearly, a sum which would enable
the road to pay very large dividend.
Some idea of the enormous traffic be-
tween Chicago and New York may be had
when it is realized that every day in the
year sixty-eight through trains are run
by the various steam roads having these
cities as terminals. and that some of
these trains yield annual earnings of more
than one million five hundred thousand
dollars.
The new electric road running its trains
in half the time and at half the cost of
the steam trains, will undoubtedly secure
the bulk of the mail contracts and all of
the through express business. The total
mail and express contracts between Chi
cago and New York amount to many
millions of dollars yearly. and the cheap
ness. speed and other advantages of the
electric road over any of the steam roads
are so evident that it is not unreasonable
to suppose that most of this traffic will
come to the electric road. 1t will be
matter of business. pure and simple .for
it to do so.
The estimate of the earning power of
the Chicago-New York Electric Air Line
Railroad as told herein is very conserva-
five Such a gigantic enterprise is sure
In bring about new Industrial and econOm-
ic conditions and while I'VE base our esti-
mates of the earning power of the road
largely on what has been done. there is