The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-08-23

er the mapping Of the right Of way
also they are pushing The acquisition
of the rights" This matter however.
IS not considered very serious dim
Guilty
I'VE expect re shall haye 70 ppf
chase some % the rignt ~ way Of
3ccafse Judge aicYe griained, sbnt
We expect that q great part Of the
right Of way VIII lie secure cheaply.
and over part Of the route we believe
Ne WON'T have 70 pay for anytliing.
,Tbe time has come when people well
come the CONSTRUCTION Of electric
roads because Of their r9ee gnized com
Imerclal vaIue.e
After reporters beaaa 70 question
iIndge AIcVey issued a statement
setting forth briefly the plans Of his
company. 1t gives to the capitalize.
ton OF the company, which he called
the New york, Boston and Chicago
Air Line Company" in distinction to
the New York, Boston and Chicago
Electric Railway Company as it was
called in the published advertisement,
at 10000, 900. The cost Of construc.
ton Is figured at $4,000 a mile. and
the distance between Boston and Chi.
cago by the bee line 1t is proposed
to follow is estimated at 961 miles.
This figuring places the initial cost
OF construction at about $72, 900, 900,
or more than seven times the capitali
cation.
The new road has no president as
yet, but Judge McVey says that there
win be elected to that ONCE. shortly
cone Of the best known steam railroad
president now in this country An
other item, mentioned by the Judge,
that the future holds in store, is the
contract for carrying the United
States mails. AS soon as the road
goes into operation 1t will obtain the
contracts at once, he says.
Asked IL he did not consider It UNI
wise to solicit public subscriptions to
the stock while so many Of the details
are in the hands of the engineers, the
Judge replied that it was the desire Of
the promoters, although backed by
big financial capital to have the pub
lie in the undertaking In this con-
nectlon the advertisement of the
project makes an especial appeal to
railroad men, telegraph operators, mo-
tormen, clerks, &c.
The. road will need over 5000 rail-
road operatives, it says and these
positions will be open to experienced
and merftorious men who have be-
come stockholders in this company,
for we are determined that there
shall be no nepotism in the manage
ment."
Judge ,McVey was careful TO dis
claim, in conclusion, any connection
with the chicago-New York Air Line
Company, which publishes in its ad-
vertisements the bullets fight" map
of its route between the two cities.
The chief puahers of this project send
out their advertising matter from Chi
cage, and no New York representative
could be found yesterday to enlarge
on the scheme as Judge McYey did for
the rival enterprise.
This route, which the advertise
nent says is "160 miles shorter than
the shortest-1O hours quicker than
the .qulckest-fare SO cheaper than
the cheapest" is another realty. :"
"work is now actually going on" No
wonder %old railroad men can scarce
ly believe their eyes wnen they read
of this gigantic undertaking, and the
officials of the existing steam roads
are aghast with astontshment."
This project requires only $50. 0O0,-
900, to build which the public is invft-
ed to subscribe. For, as the prospec-
tus says, 'fn projecting this road the
idea mas been that 1t should be built
mainly by the savings OF the small in
vestors-by the people-every safe
guard for their money has been con-
sidered and adopted. All the loop
holes that have made other railroad
investments risky have been done
away with and the whole proposition
SO simpllfed that anybody can see at
once that it is the soundest, safest,
and most promising investment that
has been offered to the public"
A NEW POLITICAL