Los Angeles herald., 1906-11-04
Electric Line Will Build Up
Many Great Fortunes

The time has come when the people ought to
own the railroads, and they are going to 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 field with the content that comes
from knowing that when the harvest ripens
the bulk OF his earnings won't go into the jaws
of a greedy railroad excessive freight
charges The manufacturer and small freight
shipper will be able to get his product through
as quickly and cheapy as any other shipper.
No longer will the small shipper be- fooled
with the sickly excuse that I'VE can't get
cars" while he sees his big rivals goods go
whisling along through pulp and favoritism.
But what s the best of all. the small stock
holder and there is no reason that it should
not be you. will have an investment that VIII
make him financially independent. The condi-
tions that made possible the building up of
Americas greatest fortunes arc many times
more promising than they were in the olden
railroad days.
The old steam roads, being loaded down with
debt waterlogged with decentralization and
worn to their marrow bones by their fearful
struggle t. pay dividends on securities that
stood for false values, are in no position to
sacrifice their millions of investment and
build through electric line like the Chicago
New York Electric Air Line railroad. 1t took
new blood, new courage TO do II; 1t took faith
that the project so big and broad and well
conceived that the necessary hundred and fifty
million dollars would be forthcoming.
The profits that this great electric road VIII
make for its stockholders are almost beoynd
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 500 at the reduced price at which the
first shares are marketed may, at the end of
few years stand for a quoted market value of
two thousand dollars and yield yearly income
Of two hundred dollars. II 1t does this, and 1t
Is not at all unlikely that 1t Will, the man who
invests $500 in its shares now Will have
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 II rolling up profits and
making money like mint there will be slight
reason to offer the shares at any considerable
sacrifice, as we are doing.
As we have said, nothing can stop the build
ing OF this road. OF course, IL It's projectors
are compelled to build It Lnaided by popular
stock subscription It would take much longer
than otherwise. and as the read VIII earn
thousands upon thousands OF dollars more for
every day its completion is hastened, 1t has
been planned 10 make It a peoples road In
every sense.
The road will undoubtedly commence earning
money within one year from date, and VIII do
II by opening up and operating the first sec
ton a stretch OF track about one hundred
miles long and ending at Goshen, Ind. This
section runs through "a region peculiarly rich
in traffic possibilities. Running through the
bart. Chesterton Gary, New Carlisle, La
Porte, South Bend, lolkhart, Goshen and many
others. Il serves a population OF 10000
IL has besn shown that electric service
through a region of this character yields
gross traffic Income OF from $40 20 $3.50 per
capita OF the population Even at the lower
estimate OF $40 per capita, the gross profits