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

passenger. even when going at the high
est speed.
Electric Line VIII Build UP Many Great
Fortunes.
The time has come when the people
ought tc own the railroads, and they
are going 10 own them.
The Chicago-New York Electric Air
Line railroad Is the great entering wedge
When this road Is built the farmer can
look out upon his grain fields with The
contentment that comes from knowing
that when the harxest ripens, the bulk OF
greedy railroad, as excessive irelshnI
charges. The manufacturer and small
freight shipper Will able 10 get ms
product through as quickly and cheaply
as any other shopper No longer will the
small shipper be fooled with the sickly
excuse that 1--WE can't set cars, while
ne sees his big rivals goods so whiSkins
along through pull and favoritism.
But. what is the best Of all. the small
stockholder. and ther Is no reason mat
1t should not be'you. will have an Invest
ment that will make him financially In
dependent The conditions that made
possible the building up OF an Ameriea a,s
promising than they were IN the oldeh
railroad days,
The old steam roads. being. loaded down
with debt, waterlogged with over-capl-
talization. and worn to their marrow
bones by their fearful struggle TO pay
dividends on securities thaC STOOD LOT
hce their millions of investment and build
through electric line like the chicago
New York Air Line railroad. II took new
blood the courage TO do Vt: 1t took faith
that the project was so big and broad
and we'll conceived that the necessary
hundred and ffty million dollars would
be forthcoming.
wiIl-make for the stockholders are almost
bevond calculation. while the natural rise
| in value OF the shares because or the eN-
,par
| such that an investment Of SlOO at the re
| duced price al which the first shares are
marketed may ut the end OF a lew
years stand Tor a quoted market value
| OF $4,000. and yield a yearly income OF
| 5000 II 1t does this. and II is not at all
unlikely that It WILL the man VINO m
yearly income of $1,000. or course. lhe
| only time such colossal can be made rs
M fha very start. After the first section
| of the road is bull, and the people see II
| In actual working order see n rolllne up
| profits and making money IKE d mn, t.,.
| there Will be slight reason 10 olleI ..,e @
! shares at any ConSluelaole se'i N> "
AS we have said, nothing can stop the
building of this road. II the pr9yeGIo1S ,,,91s
| ular stock subscription. and as the ro1Q
| will earn thousands upon thousands OF
dollars more for every DAY 1tS a,,ad oOn,P'y To
| make il a peoples road in every sense
The road VIII undoubtedly commence
earning money wltnm one S'al i"iti " -,
| and viii do II by opening mp and operat
ing the first section, stretch oi uaoh
| about one hundred miles long, and ending
at Goshen, Ind This section runs [I rossib{ IrGFf
| tiles Running through the towns ol
Whiting. Hammond. IolesIon' h9oate' Por,e
| Chesterton. Gary, New Carnsle' Ia Ioarv. 1,
| South Bend Elkhart Goshen, ana III lnd1S dnS
| others, Il serves population oil l'V,pU",
| II has been shown that electric service
| through a region OF this character Siyies
| 1T Z.
| so per capita of population Even az
| the lower estimate of $40 per c9Rl.a I,s fIIe
| gross profits figure up TO one nillloh niIe i
| hundred thousands dollars. our operat.'lS
| EXPENSES will not exceed 90 per cent OF
! the gross receipts, and TINS Woulo lS1te l
| ne, earnings or nine hundred ana n
| thousands dollars CS95O,0OO) on a secuon
| oT road only 100 miles long. TINS "ould
enable the road to pay dividends OF aoo9' o5
| 1873 per cent on the money t..eSIer, t;
| These figures are startling OF course @ouC @
| are based on facts. and on what has oeen
! done by other electric roads. 49, 49,,
II is matter OF statlsucs that InS
| oneratins expenses OF the aurora roau
| were only 56 per cent OF ths gross &c
The The moment such a showing is actually
| made the price OF stock will go up by
| cans and bounds. the second section VIII
be built in record breaking time WIN lne
ample funds that the stock sales nave nave
| IRON, Vhicago 10 New York vii follow
| RAPIDLY The stock OF the company WI!
| begin 10 pay dividends as soon as lhs
| first hundred miles section Is compieleu,
| ond as we have shown at the present
| price of shares these dlVldendS shouIu
| he about Is per cent on the nome, ~
| vested The new electric road VIII, IN
| tic T5O- mile route cross So steam rail
/ roads most OF them running dlagonalIy
| fro north TO south. Every one OF tnese
| will act as a feeder TO the eiectrlG llue,
| because shippers will be too much alive 10
| their commercial interests to overlook
,ts o5yantaces The local passenger
] traffic that will come 5 fast as THESE
feeder lines are crossed Will bring IN
Immediate revenue that will assure dNi
deud payments long before thg .lne rs
| completed to New York while ultimately
| th. freight receipts from this tributary
tonnage will be enormous.
New Electric Line Offers the Small In
vestor an Unusual Opportunity,
| In projecting this road with the idea
that ii should be built mainly by the saw
| ings OF small luYestors-by the people
| every safeguard for their money has been
! considered and adopted. All the lookhoIeS
| that nave made former railroad invest,
ments risky except for people OF unusual
| Judgment: have been done away Win, ana
| the whole proposition so simpllhed that
anybody can sec at once thdt X IS tie
| soundest. safest and most promising m
| the public. We have already shown why
| II is wiser 10 have the people own the
road we will now show exactly why Inere
| is not the slightest element of risk in
| buvlne the shares Of the Chicago New
| York Electric Air Line railroad, either
| for investmc or with view OF acqult-
! ing wealth very rapidly by their great
| Increase in value as tho road gets into
! working order
TIE Chicago New York Electric Air
| Line road Will cost about one hundred
and nifty million dollars TO build. This
money is to he raised by the sales of
common stock which is the only form Of
security that Will be issued. The oldtimc
method OF bonding property To the
bursting point will not prevail in this en-
tcrprise Not a dollar in bonds, preferred
stock or securities oL any kind will stand
ahead Of or take precedence over the
| common stock Every man OF woman
| that owns q dollars worth OF stock in
The Chicago New York Electric Air Line
railroad Will be an equal footing. first,
last and all the time. The fun par value
OF the share is 500, fully paid and non
assessable. but like all gigantic projects.
Air Line railroad is therefore offered AT
a big sacrifice in order 10 quickly get the
road into a position where it can begin
TO earn money. y portion of the 500