The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1907-01-06

20 New Yorl
A;gsssAsss 81 ~ - Asss.s ssg AgAs AgAy
is just about one-half of present pas
senger rates, would command the traf-
nc. But when in addition to the fact
that the rate is only $40 we add the
fact that the time is only ten hours
land the well-known advantages OF
Ielectric over steam transit, there seems
little reason to doubt that the old
steam lines will be forced to lose a
VERY large part of their present bust
ness and the electric road will get It..
Not only that, but the new road, with
It's cheap fares, will create a new trav-
cling element, will enthuse new people
who have hitherto travelled little or not
at all, to go on Journeys, just as sum-
mer rates do 1t even now, to some ex-
tent, on steam roads.
| The Chicago-New York Electric Air
Line Railroad will traverse the richest
and most densely populated part of
| the country. 1t Is not a road to be
built on Garden of Eden theories, only
| to face sagebrush realities. as were
some of the great steam roads, but
will run through a country that fairly
huns with industry, and between ter
| minal cities the wealth of which is
simply incalculable. Its passengers
will be awaiting it's opening day, in
eager anticipation, and the golden
| stream of profits that will fill the
pockets OF its stockholders will 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 it's present low price will be
the rich men of the next few years
The Chicago-New York Electric Air
Line Railroad will dominate terri
tory having eight million six hundred
thousand population, and this, by the
time the road is built, will increase by
one million. This Is equivalent to
twelve thousand population per mile
OF road, including branches. The pop
ulation that may be safety calculated
as living near enough to be regarded
as tributary and likely to patronize the
| line is twenty millions. Our experts
have figured out that the earnings from
passenger traffic alone can hardly fall
below thirty-two million dollars year
| ly, a sum which would enable the road
to pay a very large dividend. Some
idea of the enormous traffic between
Chicago and New York may be had
when it is realized that every day in
the year sixty-eight 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 five hundred
thousand dollars.
The new electric road running its
trains in half the time at half the cost
of the steam trains will undoubtedly
secure the bulk of the mail contracts
and all of the through express BUSH
ness. The total mail and express con-
tracts between Chicago and New York
amount to many millions OF dollars
yearly, and the cheapness, speed and
other advantages Of the electric road
over any Of the steam roads are so evil
dent that it is not unreasonable TO sur
pose that most OF this traffic will come
to the electric road. 1t will be mat
ter of business, pure and simple, for II
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 a gigantic enter
prise is sure to bring about new in
dustrial and economic conditions, and
while we base our estimates of the
earning power of the road largely on
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 cleo
y n IL Il
try in Texas which hauls both passen-
gers and freight, and which earns over
100 per cent. yearly on its stock. OF
course, this is exceptional, but SD are
the conditions that surround the Chi
cago-New York Electric Air Line Rail-
road exceptional, and a great deal more
likely to produce spectacular results in
dividends than any railroad project
that the country has ever known.
Dividends from a railroad are surer
than from almost any other kind Of
investment, from the fact that no great |
fire, earthquake or other calamity can
entirely obiterate and ruin the prop
erty. The investment Is spread over
such wide expanse that it is an utter
impossibility that more than a small
OF it can be wiped out of
existence at any one time.
Trust funds, which seek only the
safest investment, are more largely
placed in railroad securities than in
any other way. The total value Of
the stock and bond securities of rail-
roads in the United States amounts to
about fourteen billion dollars, which is
about one-eighth of all the wealth of
the country. .
THE TIME TO INVEST Is NOW