The Portland daily press., 1875-08-20
MISCELLANEOUS.
SSOo.o0O z per cent, TO-
Years Bonds
or THE
Boston, Revere Beach and LYNN
Railroad Company
TO BE ISSUED.
STATEMENT

STATEMENT.
The B., R. b. and L. r. r. Company having near
ly completed its line in accordance with statements
made when subscriptions to the capital stock were
called Tor, and it now being deemed advisable TO
largely increase the equipment originally c0mtempa
ted, put down double track most Of the distance
improve the large and valuable water front proper
~ belonging to the Company in East Boston that
may aHord an income; purchase the land and erect
q building at the terminus of the line on Market
Street. in Lynn, that will only finnish first class
depot accommodations, but q rental income; build
several depots along the line and make several other
improvements for the greater accommodation of the
public, and increase the facilities of the Company TO
do profitable business, it has been determined by a
vote OF the stockholders to issue 100000 ten-year
seven percent coupon bonds for purpose of fund
ing .ne expenditures necessary in order to promptly
make the Improvements proposed.
FINANCIAL BASIS.
The valuable donations made to this road in real
estate ana money, the building of the road and paid
up capital without single share of watered stock.
SO caLed, 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 OF the road cannot well be over es-
timated, and its ability not only to pay its bonds but
to pay regular dividends its stock is conc ted by
all who have made careful investigations into Is
merits. brief summing mp of its Opportunities for
business may be stated as follows:
The line commencing on Atlantic avenue Mt the
foot OF High street, of the very best com ercal
centres Of Boston on its water 'front.' starting by an
ATTRACTIVE (cODDaactiyply
in expensive to operated 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 new direct and
very attractive line of communications with the city
opening In its course through East Boston the prop
erty OF the Improvement Company, and the remain
ing large estate of the old East Boston Company to
rapid settlement, and furnishes to the town OF VIM
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 harb0r to the open ocean, which
estate is sure to be developed with unusual energy,
as this great company, with its ample resources, is
fully prepared to carry into effect carefully matured
plans by which tomake the locality of Orient Heights
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
and coast is of the vital and leading features OF
the line. The road runs nearly four miles along the
crest of this beautiful beach, and for the first time
renders it accessible to the population of all sections
OF Boston, by quick: pleasant and frequent COM
summer months will go down to this beach, which
by this line practically brought to the very heart
of the city and made available to the people at a
cost that be afforded by ALL and at the same time
furnish large revenue TO the road. Along this
beach there already four five very good hotels
and ii is confidently believed that the Opportunity
for profitable business will be largely increased
and the popularity of the beach as seashore resort
so widely established, that not Only the hotels al
others constructed to meet the demand.
LYNN.
Crossing the Saugus river, the road extends to
Market street, the geographical centre of the city OF
Lynn, with population OF more than 1000 people,
aud secures to this leading and enterprising shoe
city of the United States 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
bining an aggregate OF business and opportunity in
proportion to its cost of construction expense of
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,
1855, with interest at seven per cent. per annum,
payable on the first days of December and june at
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 2lst of August at o'clock
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 the
amount offered, the remainder after such sales will
be distributed pro rata to the next highest and
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
aliotmsnts made within a few days thereafter.
The bonds will be ready for prompt delivery in due
fbrm. Parties who desire may defer payment for
one-haf the purchase until auy time previous 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 per
cent. the first year, to be increased annually there
after, SO that the fund shall equal the amount Of
bonds when they are due.
Any further information desired will be furnished
by ALPHEUS P. BLAKE, President.
JOHN G. WEBSTER, Treasurer.
Company's Once, 4S Congress ST., Boston
aug13dst