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

sE~SS5 - ~ - - ssv1xae,
VIII not exceed so per cent. of the gros
receipts, and this would leave net earn
lngs of nine hundred and fifty thousan
dollars 1885, o0) on a section of roa
only loo miles long. This would en-
able the road to pay dividends of abou
lS5 per cent. on the money invested
Ihese figures are startling, of course
out are based on facts and on what ha
{. been done by other electric roads.
1t is matter of statictics that tn,
operating expenses of the Aurora roa(
were only Sc per cent. of the gross re
| ceipts.
/ The moment such a showing is &C.
tually made the price of stock will &C
| up by leaps and bounds, the second
section will be built in record breaking
time with the ample funds that the
stock sales have brought, and the COM
pietion of the line from Chicago to
New York will follow rapidly. The
stock of this company will begin to
pay dividends as soon as the first hun
dred mile section is completed, and, as
we have shown at the present price of
the shares these dividends should be
about IL per cent on the money invest
ed. The new electric road will, in its
'5O-mile route, cross IS steam railroads,
most of them running diagonally from
north to south. Every one of these will
act as a feeder to the electric line,
because shippers will be too much alive
to their commercial interests to over
look its advantages. The local passen-
ger traffic that will come as fast as
these feeder lines are crossed will bring
in immediate revenue that will as
sure dividend payments long before the
line is completed to New York, while
ultimately the freight receipts from
this tributary tonnage will be enor-
nous.
NEW ELECTRIC LINE OFFERS
THE SMALL INVESTOR AN UN-
USUAL OPPORTUNITY.
In projecting this road with the idea
that it should be built mainly by the
savings of small investors-by the peo-
ple-every safeguard for their money
has been considered and adopted. All
the loopholes that have made former
railroad investments risky except for
people of unusual judgment have been
done away with, and the whole pro-
position SO simplified that anybody can
see at once that it is the soundest,
safest and most promising investment
that has ever been offered to the pub
lie. We have already shown why it is
wiser to have the people own the road;
we will now show exactly why there
is not the slightest element of risk in
buying the shares of the Chicago-New
York Electric Air Line Railroad, either
for Investment or with a view of ac-
curing wealth very rapidly by their
great increase in value as the road
gets into working order
The Chicago-New York Electric Air
Line road will cost about one hundred
and fifty million dollars to build This
money is to be raised by the sales Of
common stock, which is the only form
Of security that will be issued. The
old-time method of bonding a property
TO the bursting point will not prevail
in this enterprise. Not a dollar in
bonds. preferred stock OF securities of
any kind will stand ahead of or take
precedence over the common stock.
Every man or woman that owns a dol
lars worth of stock in the Chicago
New York Electric Air Line Railroad
will be on an equal footing, first, last
and all the time. The full par value
of the share is 500, fully paid and nom
but, like all gigantic prof.
ects, the Chicago-New York Eclectic
Air Line Railroad is therefore
offered at big sacrifice in order to
quickly get the road into a position
where 1t can begin to earn money. A
portion of the 800 stock of the Chica-
go-New York Electric Air Line Rail-
road is therefore offerd at $50 per share.
The shares that are invested in at this
low price of thirty dollars will
when the road is finished. not only be
worth their full par value. but many
times that value.
Shares of a certain bank in New York
City, that stand for 500 value, cannot
be bought for less than $4,000. The
Great Northern r. r. shares, at a par
Of $3.50, sell in the open marker for
1888. There are many such cases. but
none OF them will ever show such a
surprising rise as will the shares of the
new Electric line. Many a clerk, eroc-
er, plumber. carpenter or other man of
moderate means who has the foresight
to realize the marvellous possibilities Of
this investment and puy at present
prices will be numbered among our
rich men five years hence. Even few
hundred dollars invested at the price
the shares sell for today will almost
surely yield such an income within
five years that the holder thereof will
never need to toll or work another day
Is long as he lives.
The stock certificates are given
iouble value and put beyond the power
II man to make them worth any less
han par by the following clause print |
ID on them:
This certificate will be accepted
in payment for transportation 10