The Portland daily press., 1875-08-16
MISCELLANEOUS.
S2OO.OOO z per cent, TO-
Years Bonds
OF THE
Boston, Revere Beach and Lynn
Railroad Company
TO BE ISSUED,
STATEMENT.

- -
The b., r. B. aud L. r. r. Company having near
ly completed its line in accordance with statements
maze when subscriptions to the capital stock were
called Tor, and it now being deemed advisable 10
largely increase the equipment originally comempla-
TED. put down double track most of the distance
improve the large and valuable water front proper
" belonging to the Company in East Boston 20 that
1t may afford income; purchase the land and erect
building at the terminus of the line on Market
Street, III Lynn, that will not only finnish first ass
depot accommodations, but rental income; build
several depoS along the line and make several other
improvements for the greater accommodation Of the
public and increase the facilities of the Company to
do prohtable business, it has been determined by a
vote OF the stockholders to issue S200.0C0 tenyear
seven coupon bonds for the purpose of fund
ing the expenditures necessary in order to promptly
make the Improvements proposed.
FINANCIAL BASIS.
The valuable donations made to this road in real
estate anu money, the building of the road and paid
up capital without single share of watered stock.
so called, furnishes financial basis more sound and
reliable upon which to issue bonds than that of al
most any road ever before built in New England.
ADVANTAGES OF THE ROAD.
The advantages ofthe road cannot well be over es-
lmated, and its ability not only to pay its bonds but
to pay regular dividends on its stock. is ded by
all who have made careful investigations into its
merits. A briet summing mp of its opportunities for
business may be stated as follows:
The line commencing on Atlantic avenue at the
1oot OF High street, one of the very best mercal
centres OF Boston on its water 'front.' starting by an
attractive and strictly passenger ferry comparatively
In expensive TO operatel terminating in East Boston
convenient to the Grand junction and Cunard
Wharves, opening to the whole population of the first
and fourth sections of East Boston O new direct and
very attractive line of communications with the city
opening in its course through East Boston the prop
erty 1.-THE Improvement Company and the remain
ing large estate of the old East Boston COMPANY To
rapid settlement, and furnishes to the town OF Win
throp greatly improved facilities. From East Bos-
ton 1t passes directly through Orient Heights, the
the large estate of the Boston Land Company, ex-
tending from the harbor to the open ocean, which
wi nnn oil arar
as this great company, with its ample resources,
fully prepared to carry into effect carefully matured
the nucleus OF Long Branch for Boston, which will
comprehend within its general outline the easterly
section of East Boston, the town of Winthrop and
large portion OF the town OF Revere.
THE BEACH,
Revere Beach, one of the best along the New Eng
land coast is one of the vital and leading features
the line. The road runs nearly four miles along thu
crest of this beautiful beach, and for the first lin,
renders it accessible to the population of all sections
OF Boston, by quick, pleasant and frequent com
munication, so that great numbers during all tn
summer months will go down to this beach, which
by this line is practically brought to the very hear
of the city and made available to the people at ,
cost that can be afforded by ALL and at the same TIM
furnish large revenue to the road. Along th
beach there already four five very good hotels
and it is confidently believed that the opportunit,
for profitable business will be so largely increased
and the popularity OF the beach a seashore resor
so widely established, that not Only the hotels al.
ready built will be ENLARGED and improved, but
others constructed to meet the demand.
LYNN.
Crossing the Saugus river, the road extends tt
Market street, the geographical centre of the city
Lynn, with population OF more than 10000 people
aud secures to this leading and enterprising shoe
city OF the United States q direct, constant and
quick communication with the very centre of the
shoe and leather district of Boston, which must
always make this favorite route for the large and
increasing travel to and from this city, thus com.
biniug aggregate of business and opportunity in
proportion to its cost of construction and expense
operating, scarcely if ever before enjoyed by any line
OF railway.
All the requirements of law having been strictly
complied with, the Directors have been authorized
and empowered to issue and sell not exceeding
$500 900 bonds, payable on the first day of June
payable on the first days of December and June, al
the Company's Office in Boston.
The loan will be issued in Bonds OF $1,000 each
Sealed proposals will be received at the Company
office until Saturday. the 21st of August at o'clocl
p. m, to purchase any part of the same.
The awards will be first made to the highest bid
ders, and in case of applications exceeding tn,
amount offered, the remainder after such sales will
be distributed pro rata to the next highest ant
equal bidders.
Tenders to be marked, Proposals for the Boston
Revere Beach and Lynn Railroad bonds They will
be opened on Monday, the 23d of August. and the
allotments made within few days thereafter.
The bonds will be ready for prompt delivery in due
fbrm. Parties who desire may defer payment fol
one-haf the purchase until auy time previous to the
LIST OF November with interest to date of payment.
A SINKING FUND will be established for the
redemption of this loan at maturity, of two pei
cent. the first year. to be increased annually there
after, so that the fund shall equal the amount o.
bonds when they are due.
Any further information desired will be furnished
by ALPHEUo P. BLAKE, President.
JOHN G. WEBSTER, Treasurer.
Conapany's Once, As Congress ST., Boston
aug13dst