The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-12-02

Have you ever been in d hurry tc
get from Chicago to New York, or
from New York to Chicago? If So
you have Willingly paid an extra hall
fare for the privilege of going by EN-.
plre State Express and Twentieth
Century Limited.
II you could have Travelled the dis
lance In ten hours instead of eiqht-
cen you would have been willing to
pay double fare, wouldn't you?
Whether in a hurry or not, If you
could traVe! by electric car between
those two cities for $40 fare you
would prefer it to paying twice that
to steam road, would you not?
The practicability of high speed and
rapid transit by electric traction has been
demonstrated not only in this country
put In Europe; not only on surface lines
Dut on elevated roads and in subWays
The possibilities of the extension of
rapid transit electric lines have bv no
means yet been realized. 1t is now. pos
sIDle to go from Boston to New York en-
tireiy by electric roads So it is possible
TO go from New York to Philadelphia by
trolley. But these New England ard
New Jersey lines are composites of old
and circultouS street car lines, traversing
the crowded streets of cities and unable
to make high bursts of speed, except in
the open country.
The new Chicago-New York Electric Air
Line road is being built in a line as
straight as the crow flies, passing by but
not through the large cities en- route 1t
Is being built with no steep grades, and il
will be entirely possible TO attain a speed
OF IU} miles hour with biOb-nOxvar
electric motors. The road will be 7JO
miles long, and the schedule time between
the two terminals will be run at an av-
erage speed of 70 miles an hour.
This is No Dream.
Nothing impossible is projected. Most
of the saving in time will be made by
the shortening of distance The steam
road route via New York Central and
Lake Shore railways is $50 miles long BY
the Pennsylvania road the distance is gil
miles The new direct electric road will
be over 15O miles shorter than any road
now existing.
This is no dream. The road is now
being built. Grading began on the
first day of last September upon the
first section of the road, crossing the
state of Indiana to Goshen. Several
miles are now IeVeIed. AS soon as
this section Of about 100 miles is
completed it will be put in operation.
Earnings will date from that day.
The cost of building and eouipping the
road will be about $15OOOO 600 or 500 0aa
per mile. This liberalV allows for right
of-way expenses, as well as construction
and equipment.
This money is being raised by the sale
of common stock, which is the only form
of security that will be issued Not a
dollar in bonds or preferred stock will
take precedence or stand ahead of com
mon stock. Every purchaser of a share |
of stock in the Chioago-New York Elec-
trio Air Line railroad will be on an equal |
footing first, last and all the time.
The full par value of each share of |
stock is 500, fully paid and non-assess-
able. but, like all gigantic projects, the /
first stock has to be offered at a big /
sacrifice in order quickly to get the road /
into position where it can begin to /
earn money.
A portion of the 500 stock of the |
chieago-New York Electric Air Line
Railroad, therefore, is offered at $23 |
share. Before the end of the year
It Is expected that the stock will go
to par, and when the road is finished |
Tin five years time or Iess) the stock
Will be worth many times its par
value.
Fortunes have hcen made in the rail-
roads of this countTy.-The men who made
these fortunes, however. owe their sue
cess TO their foresight and faith that the 4
time would como when roads could be
operated at profit across long stretches
of barren and aninhabited land known
only to the bison and the red man. The Il
Chicago-New York Electric Air Line will II
traverse no desert wastes. no trackless i