The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1906-12-09
Electric Line. Will Build Up Many
Great Fortunes

Tie time has come when the people ought to
own tie railroads. and they are going TO own
them
The chieago-New Yo.s Electric Air Line
Railroad Is the great entering wedge. When
this road Is built tie farmer loos ont upon
his grain field with the coutentuent that comes
from, knowing that when tic harvest ripeps the
bulk of bis earnings won't 20 into The jaws OF
a greedy railroad excessive freight charges.
The nlsnufacturer and small freight shipper
viii be able to get his product through as
quickly and as cheaprv as any other shipper No
longer will the small shipper be fooled with
the sickly excuse that I'VE can't get ears. .
while he sees his big rivals goods so whisking
along through ''pul,' AMI favoritisnl.
But, what is best OF all. the small stock
roider. and there is no reason that II should
not be you, will nave an investment that will
make him financially independent. The condi-
lions that made possible tpe building no OF
Americas greatest fortunes many times
more promising than they were in the olden
railroad days.
The old steam roads, being loaded down With
debt, waterlogged with oyercapitalization and
worn TO their nlarros boxes by their fearful
struggle to pay dividends % securities thst
stood for false values, are in no position to
sacrifice their millions OF investment and build
n lufpGEl electrir llDe Ike tue thuSd@p--NtN
York Electric Air Line Railroad. It took new
blood new courage 10 do it. it toos faith that
the project was 50 big and broad and well con-
ceiyed that the necessary hundred and City
million dollars would be forthcoming
The profits that this great electric road will
make fer the stockholders almost beyond
calculation, while the natural rise in value Of
the Shares because OF the extraordinary earn
ing power is likely to be such that an Invest
ment of 800 al the reduced price at which the
first shares are marketed may, at the end Of
few years, stand for quoted market value Of
two Thousand dollars, and yield a yearly IN
come of two hundred dollars. II It does this,
and il is not at all unlikely that il Will the
man who invests $500 In its shares now will
have a yearly income of $1,000. OF course. the
only time such colossal profits can be made Is
at the very start. After the first section of the
road is built and the people see 1t in actual
working order. see 1t rolling up PROFITS and
king money like a mint, there win be slight
reason TO oder the shares at any considerable
sacrifice. as we are doing.
As We have said, nothing can stop the building
of this road, II the projectors are compelled TO
build it unaided by popular stock subscription,
and the road will earn thousands upon thou
sands OF dollars more for every day its compile
ton is FASTENED, it has been planned to make IL
a peoples road in every sense.
The road will undoubtedly commence earn
Ing money within year from date, and will
do 1t by opening up and operating the first
ton. stretch of track about one hundred miles
long and ending at Goshen. Ind. This section
runs through region peculiarly rich IN traffic
possibilities. Running through the towns OF
Whiting, Hammond. Toleston, Hobart. Chester
ton, Gary. New Carlisle. La Porte South Bend,
Eikhart nd nth
population of 10000
1t has been shown that the electric service
through a region of this character Yields
gross traffic income of from $40 10 $3.50 per
capita OF the population. Even at the lower
estimate of $40 per capita the gross receipts
figure up to one million nine hundred thousand
dollars. Our operating expenses will not exceed
80 per cent of the gross receipts and this
would leave net earnings of nine hundred and
fifty thousand dollars $3.50, 900, on section
OF road only 100 miles long. This would ensbie
the road to pay dividends of about 1873 per cent
on the money invested. These figures are start
ling, of course. but are based on facts and on
what has been done by other electric roads
1t is matter of statistics that the operating
expenses OF the Aurora road were only IS Der
cent of the gross receipts.
The moment such q showing is actually made
the price OF stock viii go up By leaps and
bounds. the second section will be built in
record-breaking time with the ample funds that
the stock sales have brought and the completion
OF the line from Chicago TO New York will
follow rapidly. The stock OF this company will
begin to pay dividends ss soon as the frst hun-
dred mile section Is completed and as we have
shown at the present price OF the shares. these
dividends should be about II per cent on the
money invested. The new electric road viii. In
its I5o-mile route. cross SIS steam railroads.
most Of them running dngonally from north to
south. Every one of these will act as feed
er" to the electric line. because shippers will
be too alive to their commercial interests to
overlook lite advantages The local passenger
traffic that will come as fast as these feeder
lines are crossed will bring In imrnediate reve-
nue. that viii insure dividend payments long be-
fore the line in Completed to New York. while
ultimately the freight receipts from the tribu-
tary tonnage will be enormous