The Portland daily press., 1875-08-21
MISCELLANEOUS.
S2OO.OOO z per cent, TO-
Years Bonds
or THE
Boston, Revere Beach and Iynn
Railroad Company
TO BE EssUED.
MISCELLANEOUS.
STATEMENT.

u
The B., r. b aud 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 comtempla-
ted. put down double track most Of the distance;
improve the large and valuable water front proper
y belonging to the Company in East Boston 20 that
may anord an income; purchase the land and erect
q building at the terminus Of the line on Market
Street in Lynn, that will not only finnish first c'ass
depot accommodations, but a rental income; build
several depots along the line and make several other
improvements for the greater mediation of the
public, and increase the ,cties of the Company to
do profitable business, it has been Determined by
vote OF the stockholders to issue 100000 ten-year
seven e bombs for tine purpose of fund
nuke 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 called, furnishes financial basis sound and
rellaDle 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 on its stock is conc ded by
all who have made careful investigations into its
merits brie summing mp Of its opportunities for
The line commencing on Atlantic avenue at the
foot OF High street, one of the very best neTcal
centres OF Boston on its water 'front.' starting by
attractive and strictly ferry comparatively
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 otthe Improvement Company, and the remain
ing large estate of the old East Boston Company
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-
estate Is sure to be developed with unusual energy
this great company with its ample resources, is
fully prepared to carry into effect carefully matured
plans by which make 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
land coast is one of the vital and leaning 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 is practically brought to the very heart
| of the city and made available to the people at a
cost that can be afforded by ALL and at the time
| furnish large revenue TO the road. Along this
beach there already four five very good hotels,
and it is confidently believed that the opportunity
for profitable business win be SO largely ncreas ed
and the popularity of the beach a seashore resort
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 to
Market street, the geographical centre of the city OF
Lynn, with popu alton OF more than 10000 people,
aud secures to this leading and enterprising shoe
| city of the United States a 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 ts cost of construction 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,
1885, with interest at seven per cent. per annum,
payable on the first days of December and June, at
| the Companys office in Boston.
i The loan will be issued in Bonds OF $1,000 each.
Sealed proposals will be received at the Company 3
Office until Saturday, the 21st 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
allotments made within few days thereafter.
Th9 bonds will be ready for prompt delivery in due
| fbrm. Parties who desire may defer payment for
onehalf 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
| rede nption 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 ALPHEUo p. BLAKE. President.
JOHN G. WEBSTER Treasurer.
Ccmpnny's OHlce, As Congress st., Boston
aug1Sdst