The San Francisco call., 1907-02-09
CHICAGO TO NEW YORK IN 10 HOURS

The Chicago-New York Electric Air Line Rail
road will accomplish three things:
First: Reduce the mileage between Chicago
and New York BY building on the shortest route
that physical conditions will permit The Penn
sylvania Railroad between Chicago and New
York is about $50 miles In length The Air Line
will be 750 miles In length, saving OF 200
miles
Second Reduce the time between Chicago and
New York The present time Is from lS 70 20
hours on the fastest Air Line electric locomo,
tfves can 100 miles hour. The time VIII
easily be cut down to 10 hours.
Third: Reduce the cost Of transports ton be-
tween Chicago and New York. The present fare
is SD the Pennsylvania. This fare does not
include the Pullman sleeper, which Is unneces-
sary on the 10-hour electric Air Line The fare
the Air Line will be $40. The Air Line is
TO be double-trscked built with minimum grades
and curves, eliminating highway and railroad
crossings at grade and TO be equipped with elec-
tric traction. A railroad constructed ON these
lines be operated with far greater economy
than with steam traction. and high speed. at
tanned with perfect safety. impossible for exist
ing lines to equal.
Read what the Hon. w. F. Porter, ex-
Secretary of the State of Nebraska,
says about the Chicago-New York
Electric Air Line Railroad.
In part. be says: about the middle of July
there appeared In number Of Chicago papers
advertisements OF the CHICAGO-NEW YORK
ELECTRIC AIR LINE RAILROAD COMPANY.
which greatly interested myself and number OF
my Nebraska friends / decided TO make per-
sonai investigation of the company and its plans.
| accordingly went to Chicago and spent several
days looking baIp up the the men who had had formed this
vestigation, to be entirely feasible, consequently
it was the men who were back of the company
was interested In looking up Were they mere
" band Of promoters. trying to swindle the re-
liable business men. or were they experienced,
practical and reliable business men. who could
be trusted to carry out fairly and honestly that
which they were undertaking? These were the
questions / wanted answered satisfactorily.
found that the president OF the company. Mr..
Miller, one of the responsible business men
OF Aurora. I'LL, and ex-railroad OF some
80 years experience with the G. b. & @. r. r.
that the secretary and treasurer of the company
was Theron M. Bates, of the st-knOwn
railroad In Illinois. and former general su-
perintendent of the Chicago & Alton II. R. That
associated with them as directors and officers OF
the company were some of the most responsible
business of Illinois and Indiana They had
already, spent a great deal of money making
surveys through Indiana and Ohio and securing
the right-of-way That instead of issuing bonds
much in excess Of the cost of building the road,
Is usually done. the company had decided to
make this peoples road. by selling stock d.
rect to the individual citizen, such terms as
would enable the small investor to bur shares
My deliberate Judgment is, that stock will be
selling above $50 per share In short time, and
that by the time the first 100 miles of the road
is In operation from Chicago. to Goshen. Ind.
that the stock will be at par for the reason tha
there is no preferred stock. and every stock GER
tifcate bears it's face this clause: This GER
ufcate will be accepted IN payment for trans
portatfon to the amount OF the par value of the
shares Of stock represented thereby, and at cur
rent tarih rates, over any part OF the road in
operation. This provision should prevent the
stock selling at less than par. II may. however
be above par. depending the earnings of the
road. Judging from the success Of the Aurora,
Elgin & Chicago electric road, built some five
years ago from Chicago to Aurora, there is every
reason to expect that this stock will be worth
by the time this road is completed not less than
$500 per share While this may sound extrava-
CANT. 1t Is In reality very conservative esti-
no investments today that pay like railroad
stock.