I recently installed Rails 3 beta release but I needed to create new app with the 2.3.5. version. I was searching for a way to do that and I found this
rails _2.3.5_ appname
Unfortunately this will produce an error similar to this
/usr/local/lib/ruby/site_ruby/1.8/rubygems.rb:827:in `report_activate_error': RubyGem version error: railties(3.0.0.beta not = 2.3.5) (Gem::LoadError) from /usr/local/lib/ruby/site_ruby/1.8/rubygems.rb:261:in `activate' from /usr/local/lib/ruby/site_ruby/1.8/rubygems.rb:68:in `gem' from /usr/local/bin/rails3:18
To fix this first run