The sun. [volume] (New York [N.Y.]) 1833-1916, 1906-10-16
A TRULY PEOPLES RAILROAD.
RIMS FROM DREAMS. TO HOPES
AND SEQ LET'S YOU IN.
n IOu Can Sell the stock After the
other Fellow sells 10 90 Yeu You Can
Trade u out nc Par In Fares or Freight
v YOuII Probably Prefer Dtytderda.

u leu CAn't Veil the stock After the
other Fellow sells 10 90 You You Can
Trade It Out nc Par In Fares or Freight
But Your Probably Prefer Dividends.
Wall Street was amused yesterday over
a six column advertisement which appeared
in some Of the Sunday papers under the
form OF a news article = ting before
the public the details Of a scheme b which
Il will be- easier to make money than il is to
get II In a letter from home. This scheme
In tho latest Of the direct electric railway
lima from New York N Chicago. There
are two other projects OF a similar nature
under way, but neither u them Offers any
thing like the advantages Of the now con-
Germ to the investing public.
The name of ths new company IL the
ChicaGo-New York Air Line Electric
Railroad and IL proposes TO build a road
on which trains will run from Chicago
to New York In ten hours with a fare
Of $40. According % The advertisement
the route will be $50 miles shorter than
the shortest route now in existence, the
time quicker than the quickest and the
fare cheaper than the cheapest. More
over, the article grnvelv SAYS. construction
gauge are now working on the line.
A map OF the route IL also printed which
shows connection between New York and
Chicago as straight as the bird flies. Little
things like detecting the line 10 take in
some OF the most popuIous cities or to
avoid a slight obstruction such as a chain
of mountains are completely ignored in
this map. The statement is made in the
article that the road can be built for
Ntrn nnn nAN - -. -z.s-- -..Als. -
asked to come IN and help 1t along. Nothing
is said about terminals in New York and
Chicago. which, according to experts
would cost more than the sum named to
build the road.
1t Is to be a railros OF the people and
not one to be dominated by the graspiDg
plutomats.
The old cumbersome method Of bonding
tho road to pay FOR it's construction will be
lone away with entirely. There will be no
bond issue at all. The road will be built
out Of the sale Of common too Of the par
value OF sos. which can now be obtained
for $28 a share. This stock is bound to be
a winner. the article says, no matter whether
1t pays dividends or not, for the owners
can always get its full value in either freight
shipments or passenger transportation.
That is, II you own 500 worth Of stock or
u 'UcO,VUO you can tThue ~ out AT any time
after the railroad IL built for freight or
passenger charges. and this at the par
value oil the securities. Saws the advertise
meDt:
This means that no matter what the Certif-
cate il worth as stock, no matter what H. is
quoted at in The market. the bearer thereof
eau step on a ten hour train for New York
and pay his or her friends fare with il. Of
pay for freight u the amount Of 800. and all
with a certificate Of stock that costs only 's26
at the present moment IL ia evident. there
fore. what an unusual opportunity this stock
offers. Nothing on earth can wreck It's valIre.
From the moment the road begins to run
each share Of stock will be just as good
as money--four times as good il bought At
present prices. II will be easy to turn into
instant cash II you don't want transports ton,
because any ticket broker will cash il at a
mall discount for brokerage. even in one
year from date. when the first hundred mile
section of the road is in actual operation
between Chicago and Goshen.
The profits that this great electric road will
make for its stockholders are almost beyond
"a calculation, while the natural rise in value
Of the shares because Of the extra ordlnaTy
earning power is likely to be such that an
Investment Ot 500 at the reduced price at
the first shares are marketed may at
he end Of a few years stand for n quoted
market value OF s.. 90 and WELD a yearly in
come of 500. II it does this. and ii is not at
III unlikely that il will. the man who invests
800 in its sha now will have a yearly in
come Of o. 900. OF course. the only time such
colossal profits can be made is at the very
tart. After the first section Of the road is
luilt and the people see it in actual working
'rder. see it rolling Ip profits and making
money like a mint, there will be slight reason
o ofer the shares at any considera bic ~ Cri-
doe, as We are doing.
Az We have said. nothing can stop the
Of this road. OF course. il its pro-
ectors are compelled t. build II unaided by
popular stock subscription. il would take
much longer than otherwise. and az the road
yill EARN thousands upon thousands NJ dol
aTs more for every day its completion IL
fastened il has been planned to make il a
road in every sensr
Electrical engineers seen Yesterday by
/ Sun reporter refused to ak seriously
lbout the scheme on the ground that II
was too absurd TO merit consideration.
One OF them said that il such q road was
it. would cost nearer TO 81. 800, OOO, 900
han $3.50, 900 600. As TO making profit
IN a $40 fare to Chicago. that was merely
/ dream. As a matter OF fact. he said,
rains run at high speed cost more thar
,low moving trains. whether the power
Is steam or electricity.
The officers OF the new line given in the
prospectus are Alexander G. Miller, preei-
lent: Charles T. Cherry. vioe-president;
Theron NJ. Bate, secretary and treasurer.
general superintendent OF the
'hicago and Alton Railroad: directors:
Harry II. Latham. president OF the Latham
Machinery Company. Chicago; Alexander
Miller, former president Of the Aurora
Trust and Savings Bank. Aurora. H.;
Harry f.. Procunier, president Of the Moon
Manufacturing Company, Chicago; the
Hon. Charles I. Cherry, capitalist Oswego.
m. None Of these men is we'll known in
he financial district here.
10 Try INSPECTOR kANE.