The San Francisco call., 1906-12-30

the old steam lines will be forced to lose very
large part of their present business and the cleo
trio road will get it. Not only that. but the new
road. with it's cheap fares. will create new
travelling element, will enthuse new people who
have hitherto travelled little or not at all to go
on journeys, Just as summer rates do it even
now. to some extent. on steam roads.
The Chicago-New York Electric Air Line Rail-
road will traverse the richest and most densely
populated part of the country. 1t is not a road
to be built Garden of Eden theories, only to
face sagebrush realities. as were some Of the
great steam roads, but viii run through a coul-
try that fairly huns with industry, and between
terminal cities the wealth of which is simply
incalculable- Its passengers will be awaiting its
opening day in eager anticipation, and the golden
stream of profits that will fill the pockets Of
its stockholders viii bring about a wonderful
shifting Of the wealth of the country. Many
humble tradesmen and mechanics who had the
courage and wisdom to invest a few hundred
dollars in the new electric road at its present
low price will be the rich men Of the next
few years.
The Chicago-New York Electric Air Line
Railroad will dominate territory having
eight million six hundred thousand population,
and this, by the time the road is built. will
increase by million. This In equivalent to
twelve thousand population per mile CT road.
including branches. The population that may
be safely calculated as living near enough TO
be regarded as tributary and likely to patron
ize the line Is twenty-six millions. Our experts
have figured out that the earnings from pas
senger traffic alone hardly fall below thirty
two million dollars yearly, sum which would
enable the road to pay very large dividend.
Some idea Of the enormous traffic between Chi
cago and New York may be had when II is
realized that dqy In fha sixtv- 81 oh
through trains are run by the various steam
roads having these cities as terminals and that
some OF these trains yield annual earnings Of
more than one million Eve hundred thousand
dollars.
The new electric road running its trains in
half the time and at half the cost Of the
steam trains Will undoubtedly secure the bulk
of the mail contracts a~x all OF the through
express business The total mail and express
contracts between Chicago and New York
amount 90 many millions Of dollars yearly.
and the cheapness. speed and other advantages Of
the electric road any Of the steam roads
are evident that it is not unreasonable to
suppose that most Of this traffic Will come to the
electric road. 1t win be a matter of business
pure and simple, for it to do so-
The estimate OF the earning power Of the
Chicago-New York Electric Air Line Railroad
as told herein is very conservative Such q
gigantic enterprise is sure to bring about new
industrial and economic conditions. and while
we base our estimates Of the earning power Of
the road largely what has been done, there
is reason to believe that the earnings may
run up to a point far beyond what We have
calculated. There Is one small electric troll
ley road down In the rice country In Texas
which which hauls both PASSENGERS pas and freight. and
stock OF course. this is exceptional, but so
the conditions that surround the Chicago
New York Electric Air Line Railroad excep-
tional and great deal more likely to pro-
duce spectacular results In dividends than any
railroad project that the country has ever
KNOWN