The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-12-09

This means that no matter what the
certificate is worth as stock. no matter
what II is quoted at In the market;
ten hour train for New York and pay
his or her friends fare with IT, or pay
for freight TO the amount or 500, and
all with certificate of stock that costs
only S2S at the present moment. II Is
evident therefore. what an unusual op-
portunity this stock offers. Nothing on
earth can wreck It's value. From the
moment the road begins TO run trains,
each share of stock win he just as good
as money; four times as good II bought
a present prices. 1t Will be easy 10 turn
into instant cash il you don't want trans
portation. because any ticket broker
will cash IL at small discount for
brokerage even In one year from date;
when the first hundred-mile section OF
the road is inactua operation between
Chicago and Goshen.
The Earnings OF the Road VIII Be Be-
yond All Percedent.
The ney electric road would command
an enormous patronage even IL 1T did not
offer any advantage In speed, convent
ence or comfort over existing tseam lines.
for its rate OF $40. which is just about
one-half of present passenger rates would
command the traffic. But when, In addi-
tion 10 the fact hat the rate is only $40.
we add the fact that the time is only ten
hours and the well-known advantages Of
electric over steam transit. there seems
little reason to doubt that the old steam
lines will be forced 70 lose a very large
part OF their present business, and the
electric road will get II. Not only that,
bu the new road. with its cheap fares,
will enthuse new people who have hitherto
travelled little or NOT at all, 10 go on jour
neys, just as summer rates do II now,
to some extent, on steam roads.
The Chicago New York Electric Air
Line Railroad Will traverse the richest
and most densely populated part OF the
country. II is not a road 10 be built on
Garden OF Eden theories, only 10 face
sagebrush realities. as were some Of the
great steam roads. but will run through
countr ythat fairly huns with industry.
and between terminal cities the wealth of
which is simply incalculable. Its pas
sengers will be awaiting its opening day
in eager anticipation. and the golden
strea moi profits that Will fiji the pockets
OF its stockholders will bring about
wonderful shifting OF the wealth OF the
country. Many humble tradesmen and
mechanics who have had the courage and
wisdom 10 invest a 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 n territory
having eight million six hundred thousand
population, and this, by the time the road
is built. will Increase by one million. This
is the equivalent TO twelve thousand pop
ulation per mile of road. including branch
es The population that may be safely
calculated as living near enough 10 be
regarded as tributary and likely TO pat
ronize the line Is twenty-SlN millions. Our
experts have figured out that the earn
ings from passenger trattlc alone can
hardly fall below thirty-two million dol
lars yearly a sum which would enable
the road 10 pay a very large dividend,
Some Idea OF the neormous traffic be
tween Chicago and New York may be
had when IL is realized that every day in
the year sissty-eight through trains are
ru nby the various steam roads having
these cities as terminals. and that some
OF these trains yield annual earnings OF
more than one million nNo hundred thou-
sand dollars.
The new electric road running iIs trains
In half the time at half the cost OF the
steam trains viii undoubtedly secure the
bulk OF the mall contracts and all OF the
through mail express business. The to-
tai mail and express contracts between
Chicago and New York amount 10 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 IL is not unreasonable
10 suppose that most OF this traffic Will
come 10 the electric road. IL Will be a
matter of business pure and simple, for
n 10 do so.
The estimate of the earning power of
the Chicago-New York Electric Air Line
Railroad as told herein Is very ConSerya-
live. Such a gigantic enterprise is sure
TO bring about new industrial and eco
nomic conditions, and while we base our
estimates of the earning power OF the
road largely on what has been done. there
is reason to believe that the earnings may
run UP TO n point far beyond what we
have calculated There is one small cleo
trio trolley road down in the rice country
In TeNa swhich hauls both passengers
and freight and which earns over 100 per
cent yearly on It's stock, or course. this
is exceptional. but so arc the conditions
that surround the Chicago New York
Electric Air Line Railroad exceptional.
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