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v - - THE OREGON DAILY JOURNAL, PORTLAND. MONDAY EVENING, NOVEMBER 26, 1908.
K EN 10
nil . b lit t ia t -ii ii i x ii i . v t
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iJSIew-Direct-Line ElectricRaad"StartIes"tIie
Lii Transportation World ;
Route 150 Miles Shorter Than the Shortest Time 10
v Hours Quicker Than the Quickest Fare $10
Construction
Interest In the gret"Eleovla Railroad
. that will out down the running time be
tween Chicago and New Tork to It
. hours and carry passengers at a 110
fare continues unabated. People who
.were skeptical at first as to the reality
i of such a-glgantlo project,' have now be-
come convinced by the aetual showing
of work already dona. The first gred
' ' Ing was begun on the first day of Bop
.tember and every day sees additional
. right of way made for track-laying. The
. Chloago-New Tork Eleotrlo . Air . Lint
Railroad- wilt Ttm nver" a - track - that
scarcely verges from a straight Una In
Its entire course of 719 miles, thereby
making the distance 110 miles shorter
than the shortest existing eteera-TU-road
route. Over this direct route will
be run hourly alectrlo trains that will
reach-a maximum of 100 miles sn hour
and maintain an average of 75 mllos.
No steam road, could have ever hoped to
do this, because It would have been im
possible to carry enough fuel and water
to maintain such a speed, H Moreover,
the limit of human endurance has been
reached by the stokers on steam locomo
tives. ' According to Warren 8Unford
Eton; Chief of the Brotherhood of Loco
motive Engineers, a stoker on a steam
locomotive shovels aa high as 26 tons
of coal on a single trip. The new eleo
trlo engines have no such handicap, for
. ample and- uniform power comes to them
at ail times from mammoth power
houses located (0 miles apart along tne
line. . Their rotary motors run without
thump or Jar and enable them to do
work .under which a steam locomotive
. would not last sis months.
There Is not the slightest question
..that the road will be built and In run
ning order on schedule time. Every one
of its original projectors IS a praotlcal
..railroad man and their personal honor
'. and standing are such ss to guarantee
. the complete success of - the project.
They have placed their entire fortunes
. Into the enterprise and
" iieisuual fi lends to do the
, Mow This (treat Eleotrlo Boad Came to
Be a BeaUty.
"'The Chicago-New Tork Electric Air
Line Railroad la duly Incorporated and
chartered under the laws of the stats
of Maine. Its officers are:
. . ALEX. C. MILLER, President
CHARLES, T. CHERRT, Vice-President.
- ---
T HERON M. BATES, Secretary and
Treasurer formerly Oen. Supt. Chicago
A Alton K. R.
,' Board ef Directors.
HARRT 4fr-LATHAMrTresrdent of
,.the Latham Machinery Co. of Chicago.
. ALEX. C. MILLER, former President
of Aurora JTrust.aV Saving ankAu
- rora, 111. . , . - .-.i
HABHT K. PRCCUTIER Fresldant
of the Moon Mfg. Co., Chicago.
HON. CHARLES T. CHERRT, Capl
talis t, Oswsgo, I1L
Zooaomy of Blactrlo Power.
Electric power has suob great economic
advantsges over a team that here can
be no question that the
Xoxk-llna will payi Btearo-
, '. keep up a high speed for any great dis
tance. The fire slacks down and neces-
sltates raking, ths water ' supply be
comes a serious problem and the high
peed soon stops. Eleotrlo trains don't
t have to slack speed for a moment If the
?ower Is on, and the maintenance of
5 miles an hour between New Tork and
Chicago becomes an easy matter. Bteam
locomotives are compelled, at high
speed, to burn the beet of coal, whereas
the electrio power Is generated from
"Tery low-priced coal, even screenings
ton. This In Itself Is an enormous ad
vantage In favor of the. electric road,
but It doesn't begin to be all. The elec
tric motor, being rotary Instead of re
rclproeatlng, works with a smoothness
that means thousands of dollars saved
' In wear and tear from vibration.
Besides the great economy of alectrlo
, power over steam, this new electrio line
will have the advantage-of economy In
-construction... With rails costing more
, than twlca as much as they do now, and
.with, wast and extravagance character
ising every railroad project of the past,
- old-time . lines show soma "cost . per
mile" records that are amaalng. The
,. new electric road will coat somewhat
mora to build than a steam road would,
but -thi - cost will Include the power
houses, and by virtue of th direct route
there are 1(0 - miles less to construct
J ' than tha old-time road, builders had to
- pay for. .
Aurora Boad Shows ' What Bleotrlo
pi xraasii Aooosaplisa.
ZtlluJi:i' J'W.A. CnLc" R'
mepid Transit can Aooompliaa.
has shown tha world the marvelniia nna-
Ibllltia of long-uistanes electrio trac
tion. The story of this unique project
, Is a tale of success from start to finish.
Fortunes have been made by th men
who had the courage to break away
from precedent end do something that
the railroad world said could not bs
done.
. Over this flfty-sevcn-mtle limit full
trains are -run at a speed that some
times reaches nlnetv miles an hnnr
tiAdle on the alectrlo cars wave a swift
gooa-Dye to tne passengers on ths two
steam roads which run parallel to It,
the electrio cars going by so fast that
the steam cars seem not to move at all
Thle-road wee- built Jn the-face of
pessimism snd ridicule. Nobody' out
side of Its promoters thought It would
succeed, end especially was this true
of the magnates of the two rival
i, roads which It paralleled for Its entire
ion in. inty muinw ana said ths
electrio road would get no patronage
worth mentioning, th people would not
dare to ride at such a speed, etc The
were not good prophet, for we now
have the every day reality of a auccees
beyond tha wfldeel dreams of the eleo
trlo road's best friends. Every train
thst runs Is filled to it - fullest ca
pacity, and the tralna contain as many
cars ss th snglnes can draw without
a sacrifice of speed. - pining cars and
buffet are provided, and to th mlnuteet
detail everything la most luxurious.
comfortable nJ convenient Tn the five
year thst ths road hs been running I
not one aerloug accident has occurred. I
Tne Aurora roea nas oeen tne great-J
Coupon Request fop Information
SOPTMWBSTBBaT SBOPBITIJS CO
Plsoal Agents Ohloago-Bsw Tork Zlecrrie Air tla B. B. Stock,
00 Selbert Block. Saa Pranolsoo. CL .
please tend m , fnrta partlonUr
..... ........
Bams
Addree
Port J. ,
Gangs Are No.w Working on It
es? moneymaker of ian electrio nrolect
ever floated, maklisg rlah men out of
some who had but nominal fortune at
ine outaet.
Bo great 1 th earning power of thla
road today that It pays Interest on a.
curl(ler amounting to more than $10,
Ouo.000 and la one of the greatest rail
road successes th world has ever
known. What thi road has dons will
be don on aa '- Incomparably greater
scale by th new electrio line between
Chicago and New Tork.
The pleasure and comfort of alectrlo
travel, together . wlta.-Us-k great - speed,
appeals to ths average person so strong
ly that bs avails himself 'of them when
he can. No smoke or clndere smirch
the passengers, , no sickening stench
from cattle train befoul the air. and
ona la not Jolted from aide to side, or
lurched around ourves. Thera are prac
tically no curves on a high-speed eleo
trlo line, for suoh a speed cannot be
maintained except over 7 atralghtaway
course. v
Wherever electrio lines have been In
troduced they have brought about new
conditions, seeming to create .a class of
traffic peculiarly their own and making
money where the wise ' ones said it
could never bs dona. In the case of the
Aurora. Elgin A Chicago road, the only
high-speed eleotrlo road aa yet In actual
operation, two ateam roada parallel It
the entire way, and yet the electrio
road has built up an enormous trafflo
Of Its own without appreciably crippling
lther of th ateam road In their sub
urban patronage. The electric road pre
sents such .delights of travel that new
trafflo 1 actually created out of a Class
of peopl who have heretofore traveled
but Uttl or pot at alt . '
Bow Passesgv Traffl Pays Better
Than rrelght.
There 1 an absurd popular notion
that no steam railroad makes any con
alderable nroflt on Its Dassencer trafflo.
but th new Chicago-New Tork Electric
Road will quickly prove that such is
not the caaet and that by special equip
ment for passenger trsf f lc It can be
made to pay . far more than freight
does. The reason passenger trafflo on
th great trunk line steam roads yields
consideration for oassenser reoulre
ments and with freight the beginning
and end f the road a commercial de
sires, the two classes ef tonnage don't
work well together. When a "flyer''
makes a sensational run under present
railroad conditions. It often means that
all freight trains for a distance of 100
miles - have to be run onto siding or
otherwise shifted out of the danger
sone until the passenger train gets by.
This mesns an almost Incalculable loes,
a loss that certainly does kill all th
profit that would otherwise aocrue.
Then, again, the steam routes being
freight routes first, last and all the
time, have to go where the frstghr la,
no ma.tter how many aeroentlne twists
and turns divert them from the path
way of directness. Passengers not only
have to b hauled far and unnecessarily
out of tha wav. but are shifted around
curves, gullies and mountains that for
ever render an extremely high speed
out of tte question. The simple fact,
therefore. Is that passenger trafflo will
pay and pay well, even If never a pound
of freight were carried. If the route
were only a direct one and no delay of
fifty war frelaht tralna. aome Of them
with perishable goods, was caused by
have urged their 1 vr r v .i." , T pin ana even men get tneir rreignt 10
i-ni. I Mi"- "u rounojr m in rarrjrina i New York or Chicago several hours
jii. I oaeaenaers. but because the rosria Uv L.i.i... .v... t. ....im. fk.t i.
I In been conceived and built with no I Ik.. - u - T.,i., n
at her can the htgh-epeed tralna.- ..determined that the people the plsln
Chicago-New I 'When a manufacturer ilpsfrelghtlT,! gnglT-CWll tnlg groir eleqifrlc
Town wntto.H"'' JgCll-Jigl; , TO..X-
process sues Freight may-go over
half a-dosen roada and many miles out
of Its wsy before It reaches Its destina
tion. Most or tne roaaa ore memoers
of great freight pools or trusts which
operate within certain "spheres of 1n
fluence. Business is divided up. the
profits being portioned out In sccord
sncs with a "factor" schedule, and the
freight going over whichever "pool '
toufe the situation demands. When a
load of freight starts from Nsw Tork
for Chicago Ty way of, let uo aay, ths
Erie, no- man can predict how many
other routes than the Erie It will run
over before It reaches the end of Its
Journey: and It matter not so long as
It gets there somehow sometime. But
It does matter to paasengere whether
or not they have to tolerate such beat
ing around the bush. When a paesen-
frer starts for given point he wants
o.get there directly, and. therefore, the
passenger tralna of existing roads pick
their way through a sea of freight
trains, cattle care on a aiding here,
fruit ears on a spur there, all being
delayed to the extent of hundreds of
thousands of dollars. . -
What a Messing, then. It will be
when the new Chloago-'New Tork Eleo
trlo Air line flashe Its clean, luxurious
train between Chicago and New Tork
City at the marvelous speed of seventy
five miles an hour, aoms of them mak
ing no stops. If freight is ever carried
It will be over exclusive freight trarka.
ample space for which has been pro
vided. The territory traversed by the
new electrio line Is the most densely
populated In the country, snd the bulk
of all the traffic, both freight and paa
senger, from Cleveland, Toledo. Detroit.
Philadelphia nd other large cities will
ultimately be carried hr thla route. It
has been shown by tne work of the
LTort Central that there are plenty of
ffeoAe willing to pay the 80 Vr cent
Twentieth century iyer oi ine ni
eharma renulred on this train:
what, then, will bs the patronage of a
road that carries one from Chicago to
New Tork City for 1 10. a figure that Is
about one half the regular fare now
ohargedT Ther can b no queetlon
that th Chicago-New Tort Electrio
railroad will become th richest end
moat powerful business factor In this
country. Its workings being on the
basis of new order of things Indus
trial and - the-f ounds V7mw!!',Ir
which our economic well-belna; will rest.
When this great electric road gets into
full working order the small shipper
can send his freleht on a bsels of abso
lute oqualUy-wUh-tha big shipper. ,
Wonderfully tevsl Boats.
It la almost beyond belief that o
perfect national route for a railroad
is that surveyed by ths new Chicago
New Xork Electrio Air Line could have
atnod all these- yesra snd not had a
railroad built upon It. For a stretch of
150 nles In V"Vo ther ts a fall of only
two feet to Hhs mile. From Chicago
to the Pennsylvania atate line the grads
does not exceed It feet per mile, aad
in the entire dlstsnce of Vso miles be
tween Chicago end New Tork no grade
on the route Purveyed ecede 1. per
cent Nr doubt the reader who looks
on the map snd observes the snake-like
winding of the exl.tlng trunk line.
marvels as. ww, ..' "'..
11 hut the reason becomes
plain enough when It la realised that
rnanv of ths cities from which thee
road draw tneir muu.wy, .... w...
of th Chioa'co-sTw Tork Sleotrlo
..
were located on th great river which
than conatltutsd th only highways of
transportation.'
Nona of the great roada of today was
built .with any Idea of catering to
through, direct rout passenger trafflo
from east , to west, but were merely
gatherers-ln of local trafflo from these
river-bank cities, with their alluring
freight tonnage the main object eoughC
Thus It came about that the routes of
ail existing road were crooked and
rambling, taking th paassnger to his
destination by routes that wont around
a "Robin- Hoodg -barn." It must bs
remembered, too, that it 1 only within
the last twenty-five year that the pss
senger trafflo haa reached gigantic pro
portions. When th ateam road were
built the passenger wss a matlar of
small consideration compared with
freight, but todajv with the Increase of
national wealth and consequent In
creased capacity for Juxurtoua travel,
the passenger trafflo holda forth allur
ing prospects of profit to uyttf
road thai will eaulp Itself for It and
earry -th traveler to th end of hi
Journey by a direct line, high-speed
route that take no account of and
doesn't bother with freight on the same
tracks.
Passenger trsffte.' with It aonstant
demand for higher sped. haa made the
Chicago-New Tork Electrio Air Line
Railroad a reality; nevertheless. It Is
not Intended that freight shall be over
looked. Freight will ultimately be
handled on exclusive freight tracks and
kept a distinct from the - passengur
traffic aa If two separate roads ran aids
by side. It stsnds to reaaon that It
won't be so very long before the freight
shippers will begin to think that such a
direct high-speed' 'line is ss good a
thlng.for freight as for passengers, and
this, of course, will ultimately lead to
spur tracks being run to the main line
from more thsn twenty cities of over
one hundred thousand Inhabit ant a. and
a practical - absorption - of the freight
business from a territory with a popu
lation of about nine million.
The main lln run so close to sev
eral large cities, auch as Cleveland, To
ladn. etc . and othera are ao near, that
spur trscks of less than (0 miles In I
lengtn win connect inernwiLlLviip niain x
today. The Diana for the new eleotrlo
line contemplate ample track space for
freight as wall ss psssenaer trafflo
when the time comes to handle It.
Such Is ths railroad situation; here
In a direct route between Chicago and
New Tork. the greatest traffic termi
nals the world hsa aver known. It Is
slmost ss level as a billiard table for
more than half Ita length, and through
Its entire distance of 760 miles there Is
not a single mile In which there Is a
rise of mora thsn BS feet How strange
it aeems that no treat railroad haa ap
propriated thlsamaslngly valuable piece
men who were not railroad men to fur
nish the money It took to make 'the
first start, and. of cours. It will take
men who are railroad men actually- to
engineer the project. After moch work
this happy combination of business msn
(future great shippers) on ths one hand
and railroad men, present managerial
heads of some of th greatest railroads
In ths United Btates. on the other, were
brought together . to launch this most
stupendous unaertaamg or a century.
Theae men have made the atart. but It
will be the plain, everyday cltlien who
win complete tne Project, it nas wen
It la of course, ths votes of the Peo
ple that enable this road to exercise the
"Tight of eminent domain." - a law
whereby the welfare of the people aa a
whole Is put above the Interests of sny
one man or set of men. and th building
of railroads made possible. By this
process of state lew a railroad can ap
propriate for Its pse (st a fair value)
any land that Is essential to Its comple
tion. A railroad Is for th whol peo
ple, not "the few." end no Intrlsue.
greed or selfish restraint of progrsss
can possibly stop Its building.
Wew Boad encounter Pew Obstacle.
The hlatorlee of most of the stssm
roads read like political melodramas.
Bribery and corruption of stste and na
tional dignitaries wss looked upon ss
being eaaentlal aa the laying of rails.
Industries were throttled, coal mlnea
foroed Into line and right of way se
cured by the most desperate tactic.
No such struggles will be necosaary
In the construction of the Chlcego-Nsw
Tork Electric Air Line Railroad. Moa
of the large cities are not absolutely
crossed by the right of way, but lie
very close to It. This haa given the
project ell of th advan fuses and none
of the difficulties encountered by the
steam roada. The line Is. In most caaea.
Just near enough so thst an Insignifi
cant spur of a few miles long will, for
Sll practical purpoae. locme m jme
beside the city, while It Is Just fsr
enoush sway to eecspe political or simi
lar obstacles. Never was d railroad
nrniect launched with few diffi
culties confronting It.
Everywhere along tne line manufac
turers and other nower consumers wel
come It because of the low priced sur
plus power the new road can sell them.,
Thousands of homes will glow bril
liantly from ths electric lights supplied
from the same source, a feature that la
bound to make friend for the road
from one end or me nne io m oiner.
The problem of grade crossings hss
not only been solved, but done away
with. The Chicago-New Tork .Electrio
Air Line Railroad will he the first
example In railroad history In which
no other msf. highway or street. Is
crossed "at . grade" or on the aame
level. Th new road will either go
under or over all such obstacle fea
ture -which- saves all the-t1m that '
existing steam roada lose by their
"slow-downs 1 at crossings, snd ensnies
the electric train to maintain Ita mar
velous speed.
Th Chlcsro-New Tork Electrio Air
f.lna road has smonr Its staff the very
msn who secured every" foot of the-iight .
of way for the Aurora, Elgin A Chicago-
Electric road snd was one or tne most
prominent factors In bringing sbnnt It
rreat euecexs. There are also among Its
offlclsle several men who were actively
connected with the Huv.llngt.on road,'
two of them in the onersttng depart
ment.. It Is a well known and,unl-i
veranllv sehnowleds-ed fact ' thlrt "the
Burllneton ha rra1tiatd more success,
ful railroad experts than sny other road
In the country, and the success of ths
new electric rosd wlH be sssured In no
small degree by these two mts- M
Bo Kaka-Shir wlsne for th Bw
xiscm aioaa. -
Tha hiillder of tha Chlcsea-Naw
Tork Electric Air Llns Railroad-have
determined thst no matter of expedi
ency shall rauae them to build with
only today In view and to forget tomor
row.' Many a minor curve or grade
might be left untouched, and 'hundred
of thousands of dollars, and hundreds
of thousands of dollars saved In origi
nal coat, but they must snd will be
straightened out snd leveled down.
Every curve snd grade that Is left in
roadway to save construction coat
constitutes s permanent drag nir ths
operating cost for sll time, an expenae
thst exceed what 1t"woiild have coat
to do the thine right In the first place
by thoussndfold. The construction
ists of the new eieetrin road ars pur
suing no makeshift pollrv. If a-curv
or erade evIMs srhl ought to bs re
moved. It will be- removed Wherever
th nsw else trio lln. crone a sUarn
TtA It t4!t mn. nv
Th roadbed will be the most aolldly
built of any In the world, th high
speed of the train necessitating ow
calculationa on thla acore- It will be
"ballasted" with crushed granite
throughout It entire length, and 100
pound steel rail will be used.
Power houses will b - fifty mHe
apart and will keep a "third rail" con
stantly charged with 0.000 electrical
horsepower. Every part of the ma
chinery will be In duplicate, so that no
breakdown can poaelbly affect th run
ning of th hlgn-apeed tralna.
Some of these power houses ar lo
cated' near coal mlnee, the screenings
of which can be had at such low prices
that th total coat of power will be
greatly reduced thereby.- It 1 even
contemplated to use some of the aul-
Fhur-ladea "coal of Michigan, a coal
hat sella at a very low figure because
Its sulphur destroy ordinary boilers.
This coal can readily be burned under
boilers of special construction and pro
duces power at a cost away below that
of power derived- from the ordinary
team locomotive. Power derived from
coal through direct burning under a
locomotive poller compares with power
Froduced from a, central station and
hrough electrio motors a thr to
ight, and In favor of electricity.
When, it oomes to -safety, eleotrlo
power le so superior to steam that there
Is hardly any comparison at all. The
danger . from fire Is insignificant,' ths
danger' from xplolon eliminated and
tha denser from breakdown due to
oryatallsatlon. . practically . don away
with. It Is weu known tnai a consume
thumping-on any kind .of metai.tend
to make It crystalline, with danger
from cracking ever present. Every
body ' knows how a steam locomotlv
tnita and thumna ' and It at ones be
come evident why msny railroad acct-
dsnta ooour on sioajq iinrs, uq eiecirio
lines, ths motor being rotary and work
ing without any thumping whatever, It
oan be clearly seen how eleotrlo trans
portation Increases the safety of every
passenger evco-when going at th high
est speed. ,
JBlaetxto Um WIU Band Up Kaay Oreat
rortoaea.
Th tlm haa come when th people
ought to own the railroad, and they
are going to own them. I
The Chicago-New Tork ElotrIo Air
Line Railroad Is th great entering
wedge. When thla road is built the
farmer can look . out upon his grain
field with the content that come from
knowing that when the harvest ripens
th bulk of his earnings won't go Into
the Jawa of a greedy railroad aa exeeg
slv freight charges. The manufac
turer and amall freight shipper will be
able to get hi produce through aa
quickly and cheaply aa -any other ship
per. No longer will the small shipper
be fooled with the sickly excuse thst
"we csn't get cere." while he sees his
big rival' goods g-whlstllng along
through "pull" and favprltlam
But, what im best of sll, th small
stockholder (snd ther Is no reaaon that
It should not be you) win nave n in
vestment that will
make him ftnanol-
e"?o.7"bl.'" the building up " oi
America's greatest 'Tominex ars many t
The condition that
Tn, erica's areaTest "fortunes are man
time more promising than thy war
in tn oiaen rsnroaa ajr
tk. a tam roada. betnar loaded
down with debt, waterlogged with over
capitalisation and worn to their mar-
pones Py ineir iwnui mmi',
Via LakeShore & Michigan Southern
York Central iiuason Kiver ttauroaa,
Route of Ten -
Fay 'dividends on securities that stood
or fals value, ar In no position to
sacrifice their millions of Investment
and build a through electric line like
the Chicago-New Tork Electrio Air Line
Railroad. It took new blood, new cour
age to do It; It took faith that tha
project was so big and broad and well
conceived that the necessary $160,000.
000 would be forthcoming.
The profits that this great electric
roaiUwIll make for Its stockholders sre
almost beyond calculation, while the
natural rlae In value of the ahares be
cause of the etxraordlnary earning
power la likely to be such thst an In
vestment of $100 at the reduced price
t which th first shares are marketed
may, at the end of a few years, stand
for a quoted market valu of $2,000
?nd yield a yearly Income of $200. If
t does this, and It la not at all unlikely
that It will, the man- who lnveats $500
In It shares now will hav a ysarly In
come of $1,000. Of cours. th only
tlm such colossal profits can he msde
Is at the very atart. After the first sec
tion of the rosd Is bisUt and the people
see It In actual working order, aee It
rolling up profits and" making money
like a mint there will be slight reason
to offer the shares at any considerable
acrlflo. a w ar doing.
A we have said, nothing ran stop
lh building of thi road. Of course. If
Its projectors re compelled to build It
unaided by a popular subscription. It
would take much lonarer than otherwise,
and aa the road will earn thousanda
upon thousands of dollars more for
every day Its completion Is hastsned. It
has been planned to make It a people's
rond in every sense.
The -road will undoubtedly commence
earning money ' within one year from
data, snd will do It by opening up and
operating th first section, a stretch of
track about 100 miles long, snd ending
st Ooshen, Ind. . This section runs
through a region peculiarly rich In
traffic possibilities. Running through
;the' towns nf Whtttnr.-ammondV-Tol-leston.
Hobsrt, Chesterton. Gray. New
Carlisle, I Porte, South Bend. EJk
hart Goshen - and msny others. It
serves a population of 100,000.
It haa been shown that electrio serv
ice through a region or this character
?lella a gross traffic Income of from
10 to $17.60 per csplts" of the popula
tion. Even at the lower estimate of
$10 per capltn, the groas profits figure
up to S l.too.OOX. Our operating ex
penses wilt' not exceed $0 per cent of
the gross receipts, snd this would leave
hef earnings of nine hundred and fifty
thousand dollar ($960,000) on a section
of road only 100 miles Ion. .This
Would enable the road to pay dividends
of shout 18S per cent on the money In
vested. These figures are startling, of
courae, but are baaed on facta and on
whnt haa been don-by other electrio
rIt"is a matter nf ststlstlcs that th;
operating expenses of the Aurora road
were only tt per cent of the gros re
ceipts. .
The moment uch a showing Is actu
ally made, the rrlce of the stock will
go up by leaps and bounds, the second
section will be built In record-breaking
time with the- ample funds that -the
stock sales hnvs brought and the com
pletion cf the line from Chicago to New
Tork will follow rapidly. Th stock of
thla company will begin to par divi
dend aa soon ss ths first 100-mile sec
tion Is rombleted. and as we have shown
at the present price of the chare these
dividend should bs about II per oent
I 1 . " -uv s-7
v5it 1 - - ! - .aZTrie?
m I ej, . - w J. M ....... . J Q
One of the Hundred-Mile-an-Hour
en th money Invested. Th new eleo
trlo road will, In Ita TiO-mlle route,
cross 86 steam railroads, most of them
running diagonally from north to south.
Every one or these will act aa a "reea
r", to the .alectrlo Una, beoaus-eilp-4,helr-present business, and the electrio
per will be too much auve to tneir
commercial Interests to overlook US ad-
vantages
The local passenger traino
that will come a faat aa theae feeder
line 'are crossed will bring In Imme
diate revenue that will assure dividend
payments long before the line Is com-
wYoricwWle ultimately i
th freight receipts from thla tributary
tonnags wm PS snormous.
Bew meotrio tine Offer th Small
Investor aa unusual Opportunity
In projecting this road with the Idea
that ft should b built mainly by th
avlnga of amall Investors by tha peo-
K la every safeguard for thair money
a been considered and adopted. All
the loopholea that have made former
railroad lnvestmente risky sxocpt for
peopl of unusual Judgment- have been
dona sway with, and the whol proposi
tion ao simplified that anybody can see
at ono that It Is th soundest, safest
snd most promising investment mu
ha vr been orrerea to ine puoiia
We have already ahown why It la wiser
to hav th people own the road; we
will now ahow exactly why ther I
not th slightest element of risk In buy
ing th sharea of Chicago-New Tork
Electrio Air Line railroad, either for In
vestment or with a view of acquiring
wealth very rapidly by their great in
crease In value a th road gets Into
working ordsr.
Th Chicago-New Tork' Electrio Air
Lln road will coat about tlS0.000.000
tn hulld. This money la to be raised
by th ale of common stock, which
. - . . . J . ' . u . -.ill
th;Mff
"'"V
1 tn oniy lorm or Ktunij n win
he eld-time method tt bend- uredha4ha-eawitngs- f roui passcrr
erty to the bursting point ger trafflo alone can hardly fall below
vail In this enterprise. Not thirty-five million i dollar yearly, a sum
lng a 'property
win MAf nrevaii
a dollar In bonds, preferred stock or
securities or any kind will siana aneaa
of or take precedence over the common
stock. Every men or woman that owns
end New
ou wu
Hour Electric Road Between Chicago
a dollar worth of stock In th Chicago
New Tork Electrio Air Line railroad
will be on sn equal footing,, first, last
and all the time. The full par value of
tho ahares Is $100, fully paid and non
aaaesssble, but, like air gigantic pro
jects, the first stock sold has to be of
fered at a big sacrifice In order to
qulokly get the road Into a position
where It can begin to earn money. A
portion of the $100 stock of th Chl-cago-Nw
Tork Electrio Air Line Rail
road I therefore offered at $2$ per
share. The ahares thnt are invested In
at th-low 'price of $2$ will, when the
rosd Is finished,- hot only bs worth their
full par value, but msny times that
valus.
Shares of a certain bank In New Tork
City, that atand for $100 value, cannot
be bought for lea than $2,000. Th
Great Northern R. R. sharss, at a par
value of $100, sell In the open market
for $28$. There are many such cases,
but none of them will ever show such
a surprising rise as wilt the shares of
the new electrio line. Many a clerk,
grocer, plumber, carpenter or other man
of moderate mean who ha the fore
sight to realise) th marvelous possibili
ties of this Investment and buy at
present price wlll.be numbered among
our rich men five year hence. Even a
few hundred dollars Invested at the
price the chares sell for today will al
most surely yield such an Income with
in five yeara that the holder thereof
will never need to toll or work another
day aa long aa ha lives.
The stock of certificate are given
double value and. rut beyond the. power
of man to make them worth any less
than- pee- by -tb-fllowlng -clause print
ed on tnem:
Thi eertifVst will h accepted
on payment for transportation to
th amount of tha par value of th
sharea of etocg represented , hereby,
and at current tariff rates Over any
pari of the road In operation.
m -1 v. . A wa,.AW what tVi.
1 Iliy nivalin ,n, iiu ......... . ...
certificate la worth as stock, no matter
what It Is quoted at on ths market, the
bearer thereof ran step onto a ten-hour
train for New Tork and pay his or her
friend' fsr with It, or pay for freight
to th amount of $100. and all with a
certificate of stock that costs only $28
st the present moment. It Is evident,
therefore, what an usuaual opportunity
thla atock offer. Nothing on earth can
wreck Ita valu. From th moment the
road begins to r7 trains, each share
of stock will bCv .'as good aa money;
lour times a s.jd If bought at ths
present prices. It will be easy to turn
into Instant cash If, you- don't want
transportation, because any ticket brok
er will cash It at a small discount for
brokerage, even tn one year from date,
when the first five hundred mile section
of th rosd Is In actual operation be
tween Chicago and Goahsn.
The Saralng of -th Boad Will B Be
. yoad AU Precedent.
Th new electrio road would command
an enormoua patronage even If It did
not offer any advantage In speed, con
venience) or comfort over existing steam
lines, for Jt rat of $10, which I Just
about on-half Of present passenger
rates, would command ths trafflo. But
when 1n addition to the fact that the
rat IS only 110 w add,Ut fact that
Electric Engine That Will Take
th tlm I only ten hour and th well-known-
au vantages . of alectrlo - over
steam transit, there seems little reason
to doubt that the old ateam lines will
be forced to lose a very large part . of
road will get It. Nyt only that, but
ine new roau, wun us cneup zurea, win i
create a new traveling element, will en
thuse new peopl who hav hitherto
traveled little or not at all, to go on
Journeys, Just a summer rates do It
even now, to aom extent on ateam
- roadBr
Th Chicago-New Tork Electrio Air
Line Railroad will traverse the Hottest
snd most densslv nomilated cart of the
I country. It la not. Aroad'labbulltlltu
on usraen ox caan meunea, uniy iu
fac sagebrush realities, aa were some
of the great ateam roads, but will run
through a country that fairly hums with
Industry and between terminal oltlea
the wealth of which Is simply Incal
culable. Its patronage will be awaiting
the opening day lh eager anticipation,
and the golden stream of profits that
will fill th pocketa of Ita stockholders
will bring about wonderful shifting of
the wealth of th country. Many hum
ble tradeemen and meohanic who had
the courage and wisdom to Invest a few
hundred dollars In the new electrio road
at Its present low price will be th rich
men of th next few yeara.
The Chicago-New Tork Electrio Air
Line Railroad will dominate a territory
having eight million alx hundred thous
and population, and thla, by the time
the road. Is built, will Increase by one
million, lhls Is equivalent to twelve
thousand population per mile of road.
Including 'branchee. The population
that may be aafely calculated a living
near enough to be regarded aa tributary
and likely to patronise the -, line I
twenty-six million. Our experts havs
which wou.d enable the road to pay a
vary large dividend. Some Idea of the
enormous trafflo between Chicago and
Ntw Tork may be had when It Is real-
Via Pennsylvania Railroad.
Via Air Line Railroad
and New'Vofk It Shown by the Large
lied that every day In th year sixty
eight through trains are run by the
various steam roada having these cities
ss terminals, and that aom of these
train yield annual earn Inge of more
than on mUUen ftv hundred thousand
dollars. . - .
Ths new electric road running It
train In half the time and at half the
cost of steam trains, will undoubtedly
secure the bulk of tha mail contracts
snd all of th through express business.
Th total mall and express contracts
between Chicago and New Tork amount
to many millions of dollars yearly, and
the cheapness, speed and other advan
tage of th electric -road over any of
the steam roads are so evident that It Is
not unreasonable to suppose that moat
of this trafflo will come to the electric
road. It will be a matter of buslnesa,
pure and simple, for It to do so.
. The estimate of th earning power
of the Chicago-New York Klectrfo Air
Line Railroad as told herein Is very
conservative. Such a glgantlo enter
prise Is sure to bring about new Indus
trial and economic conditions, and while
we base our estimates of the earning
power of the road largely on whnt has
been done, there la reason to believe
that the earnings may run up to a
point far beyond; what we have Calcu
lated. There 1 ona smnll electric trol
ley road down in the rice eountry in
Texaa which hauls both passenger and
freight, and which earns over one hun
dred per cent yearly on Its stock. Of.
course, this 'is exceptional, but so are
the conditions thnt surround the Chicago-New
York Electrio Air Line Rail
road exceptional, and a great deal more
llfcly-4o- produce eperteeHlar rr-qttr In
dividends than any railroad project that
the country has sver known.
Dividends from a railroad are surer
than from almost any other kind of In
vestment, from the fact that no great
fire, earthquake or other calamity can
entirely obliterate and ruin the proper
ty. The investment Is apreadver auch
a wide expanse thaf It Is an utter im
possibility that more than a small pro-
fortlon of it can be wiped out of ex
atence at any' one tlm.
Trust funds, which seek only the safr
at Investment, ar more largely placed
In railroad securities than In any other
way. Ths total value of the stuck snd
bond securities of railroads In the
I'nltcd States amounts to about fourteen
billion dollars, which Is about one
eighth of til tho wealth of the fcountry.
Tha Tlm to Invest la gov Waver
Agau Will th Price Be Bo Xmw.
RsTlrosd fortunes ar th gruntest
fortunes on earth. 'The men that piled
un untold million by railroad Invest
ment -wer not -men--wlHr- nsked-wvery
Tom, nick and tlarry what to do, what
Was safe, what was good. They war
Subscription Coupon
OTTTW 111 BSTTiSLW ITfilTam! CO.
Tlecel Agent OMoago-Bew Tork Xlectrle Air tla B. B. Stoa ;
too, Dalbert Block, Saa Praaclsco, CaL -
Inclosed find .....In ejr wfcetheg
fall or partial J payment for rtare of gt I th
V ChJ oago-ew Tork Bleotrlo Al Ida
Bam ...t
Address rr. ; .V. ; .'. . .7. , . . v.
Port. JT.
Tain to New York In Ten Hours.
men who turned a deaf ear and an y
of Impartiality upon th scoffers and
thought It out on th merit of th case
whether or not the proposition . was
worth th whilav. Thy used .their own ,
Judgment, their own calm common
I sense. tht;r all. In saying to you that
the stock "of th - Chicago-New Tork -
Electric Air L'.ne Railroad la not only
the soundest, safest and wisest Invest
ment for all your savings, but that If '
you ouy now at in low price or P"
bur
ndred-dolUr aharea you will surely
become a" weaTThyTrmnr from their rise
In value, we want you to us your own
good Judgment and convince yourself
from . th faot that ..what w aay 1
Hare la a nronosltlon with every ele
ment of risk absolutely done away with.
Any man or woman can see that no
matter what th road might or might
not earn, the clause en th atook .cer
tlflcatea, making them good for trans
portation, stamps them with a kind of .
value that cannot get away. Thi make
vary Investor realise that no matter
what comes he Just simply cannot losa
one dollar If he invests in that stock.
It 1 always good for transportation,
and transportation la lway aa good
aa money. But that la only a amall
part ofthvalu of thi stock. There
can Te no question that . th road will
be built and will earn the enormoue
dividends as we hav aald It will. The
rlae In valu of It share ,ls as cer
tain as tha rising of th. un. and
lucky Is the man whoa forsslght and
good Judgment enaoie mm to aee ins
difference between a safe and an In
vestment Ilk thla great alectrlo rail
road project ' and the many wildcat
mining, oil well, rubber plantation and
other scheme that nay snaaen ine in
vestor's faith. No man can p red lot what
a mine wlH or will not yield, even If ha
.ssenvbe' honerno'Boajrcanrdrtell th risks
of climate or labor airncuities mat win
kill the profits of rubber planting: not
a man on earth can forecast th volume
of oil that will flow from the myster
ius depths of th earth. How different
Is a railroad project from all these risky
011 Mile
....750 MUea
Potted Lines.
ventures; how solid and substantial is
ue baats of Its earnings. The stock
of the Chlcaarv-New Tork Eleotrlo Air
l.ine Kanroad is tne granaesi opportun
ity the people hav ever, baa to tnv
In I glgantlo commercial undertaking
of national Importance an undertaking
ao enormous and surrounded by such,
safeguards for th protection of - the
people that have to build It that no
bond or mortgage could be any safer,
or oifer such an opportunity to bullit
up great fortunes from very small ln-v
vestments a 1 offered In the etocl
of the Chicago-New York Electric Air
Line nan road.
There la aomethlnr very real about a
railroad lnveatment; Its tracks. Its roll
ing stock. Us giant engines, Ita palatial
terminals, ar things that can be seen
and realised. A railroad Investment
Dears ths sam relation to finance that
flour doea to food; both ar "staple.'
The grentent business of tho world to -day
Is railroading., and mor million
aire got their atart through railroad
investments than in any other way.
Reader, we have tried ' to show you
that this I your opportunity to lay th
foundstlon of wealth. ' Whether yon
hav much or little money we say to
you In all frankness and candor that
you will be doing a wis thing if you
.nvsst every dollar you can spare lsj
the stock of the Chlcago-Nsw Torn
Electrio Air Llns Railroad. Don't let
fears or doubts deter you, but Just mak
a careful study of th facta aa we hav
told them and let your own common .
sense and better Judgment guide you.
Every man or woman who Invest lit
ths shares of thhlcago-JJewJforl
Electric Air Line Railroad at th
"ground-floor" price of .$2 per share,
at which we now offer them, will, lit
all human probability, be able, ulti
mately to get dividend In excess ef
$0 per cent on their Investmsnt or be
able to sell thelrstock within a short
time for $300 per share. Twenty-eight
dollars buys a-shar today.
Partial or Installment payments may
be made at th rate nf 10 per oent down,
10 per cent monthly, until sharea ar
paid for. At th present price of $21
per share, this means $2.80 per share
in cash, 'or Its equivalent, with you
subscription, and $2. SO per share per
month for the next nine months. Na
Interest will be charged on deferrsd
payment. We want ths smsll In
ventor to participate In thi great en
terprise and will give- the same at
tention to a subscription for a slngl
share a to that for a thousand aharea,
Come to our office If you can;, w
will show you 'aU ths details. If roi
cannot come, fill In the coupon below
and mall to as with remlttsnc In reg-
tittered lettev. or by postal, or expree
money order for th number -of sliareg
you wish, ' ' I
Ballroad.
' ,.T .
............