The Nashville globe. [volume] (Nashville, Tenn.) 1906-193?, 1909-05-21
RAILROAD STOCK.

Our able contemporary, The Wall
Street Guide" gives the Negroes Of the
country some wholesome advice in
the May issue. Writing under the
caption, why Not Own Stock in the
Railroad You Help to Enrich" it has
the following to say:
Back in 1896, just thirteen years
ago, the common stock of the Union
Pacific Railroad wa kicked about
around 81 a share. The outlook for
the road then was decidedly gloomy.
Few there were who professed to see
in Union Pacific, then in the throes
of receivership, the tremendous in
vestment opportunities it offered.
But subsequent events have proved
that then, of all times, was the time
to salt away every share of Union
that could be purchased, for the same
stock that sold at 81 a share in 1896
sold for $3.50 a share just a few days
ago.
The story of the wonderful growth
and development of the Union Pacific
is inseparable from the rise to wealth,
fame and power of E. H. Hartman,
the master mind in railroad circles
of this day and generation. What
Union needed was a man, and that
man was found in Hartman. He
saw the great resources of the West;
he had faith enough in American
energy to believe that those resources
would be developed; and, in that de-
velopment, he knew the part that
Union Pacific would be called upon
to play. That is why he spent mil
lions and million. of dollars for equip
ment, including the best of steel rails,
powerful locomotives, freight cars,
coaches, etc. He built wisely and
well, so wisely that those who bought
Union at 81 a share are now receiving
a yearly dividend of $40 a share.
The South, like the West, is tenn
ing with natural resources, and the
n railroad whose earning power will
surely respond to the development of
those resources in the Southern Rail-
way.
Now look here, my colored friends
of the South, have you ever thought
of buying stock in that railroad? You
have cut and laid the cross-ties of its
roadbed; you laid and spiked the
rails to those ties; you mined the
coal used in the locomotives which
thunder over those rails; you grow
most of the cotton and ether produce
hauled as freight by those locomo-
tives, and you spend hundreds Of thou
sands of dollars yearly in excursions
given over that road.
Now, as you are doing so much to
make the road a success, why not own
some of its stock so that the success
of the road will mean also your sue
cess? Make up your mind at once
to buy at least five shares. The stock
is selling for about $29 a share. If
you cannot pay cash for it, pay $40
down on each share and the balance
in six equal monthly payments. There
is no better time to begin than now.
Southern Railway to advance as the
Southern railway to advance as the
took of the Union Pacific has
odvanced before you wake up. Think!
Decide! Act!
The above is good everyday, COM
nonsense talk. The Negroes of this
ountly are constantly clamoring for
ecognition in this thing and that
Without ever stopping to consider that
they do not own a dollars interest
in the concern. When we become
stockholders in the big corporations
Of the land we will then be in pc.
7ition to demand something, and not
until. We must bear some of the bur.
len if we expect to enjoy the sue
cesses when they come.