The San Francisco call., 1906-12-30

invested These figures are startling 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 sc per
cent of the gross receipts.
The moment such showing is actually made
the price of stock will go up by leaps and
bounds. the second section will be built in rec
ord-breaking time with the ample funds that
the stock sales have brought, and the completion
of the line from Chicago to New York will fol-
low rapidly. The stock Of this company will
begin to pay dividends soon as the first hun
dredmile section is completed, and, as have
shown at the present price of the shares these
dividends should be about 13 per cent on the
money invested. The new electric road will, in
its I50-mile route. cross So steam railroads,
most Of them running diagonally from north to
south. Every one of these will act as feed
err to the electric line. because shippers will be
too much alive to their commercial interests to
overlook its advantages. The local passenger
traffic that will come as fast as these feeder
lines crossed will bring in immediate rev.
enue that will assure dividend payments long
before the line is completed to New York.
while ultimately the 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 it
should be built mainly by the savings of small
inyestors-by the people-every safeguard for
their money has been considered and adopted
All the loopholes that have made former rail-
road investments risky except for people OF IN
usual Judgment have been done away with, and
the whole proposition so simplided that anybody
can see at once that it Is the soundest, safest
and most promising investment that has ever
been offered to the public. We have already
shown why 1t Is wiser to have the people own
the road; we will now show exactly why there
is not the slightest element of risk in buying
the shares of the Chicago-New York Electric Air
Line Railroad, either for investment with a
H. <1x>f~
great increase in values as the road gets into
working order.
The Chicago-New York Electric Air Line
Eoad will cost about one hundred and fifty mill
raised by the sales of common stock, which is
the only form of security that viii be issued.
The old-time method of bonding property to
the bursting point will not prevail In this en-
terprise Not dollar in bonds, preferred stock
or securities of any kind will stand ahead OF or
take precedence over the common stock. Every
man or woman that owns a dollars worth of
stock in the Chicago-New York Electric Air Line
Railroad viii be on an equal footing. first. last
and all the time. The full par value of the
shares is 500, fully paid and non-assessable,
sold has to be offered at big sacrifice in order
to quickly get the road into position where
1t can begin to earn money portion OF the
500 stock of the Chicago-New York Electric
Air Line Railroad is therefore offered at $50
per share. The shares that are invested in at
this low price Of thirty dollars will. when the
road is finished, not only be worth their full
par value, but many times that value.
Shares of a certain bank In New York City,
that stand for 500 value. cannot be bought for
less than $4,000. The Great Northern r. r.
shares. at par value of S1o0. sell In the open
market for $2s3 There are many such cases. but
none of them will ever show such a surprising
rise as will the shares of the new electric line.
Many clerk. grocer, plumber, carpenter or
other man of moderate means who has the fore
sight to realize the marvellous possibilities Of
this investment and buy at present prices Will
be numbered among our rich 6ve years
hence. Even few hundred dollars Invested at
the price the shares sell for today will almost
surely yield such an income within five years
that the holder thereof will never need to toll or
work another day as long as he lives.
The stock certificates are given double value
and put beyond the power of man to make them
worth any less than par by the following clause
vrinfed nm them.