The Portland daily press., 1875-08-19
MISCELLANEOUS.
MISCELLANEOUS.
100000 z per cent, 10.
Years Bonds
OF THE
Boston, Revere Beach and Lynn
Railroad Company
TO HE IssUED.
STATEMENT

The b. r. B aud L. r. r. Company having near
y completed its line in accordance with Statements
maze when subscriptions 70 Ihe capital stock were
largely increase the equipment originally eomtempa-
ted put down double track most of the distanee
improve the large and valuable water front proper
ty belonging to the Company in East Boston 20 that
IL may afford an incOme purchase the hnd ana erect
a building at tue terminus Of the line on Market
street, in Lynn that will not only finnish hrst cass
depot accommodations, but q rental income; build
several depots along the line and make several other
improvements for the greater mediation OF The
public and increase the facilities of the Company to
do profitable business it has been determined by
vote OF the stockholders to issue S2000C0 year
seven pereent,c coupon bonds for 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 of the road cannot well be over
tmated and its ability not only to pay its bonds but
to pay regular dividends its stock is conc ded by
all who have made careful investigations into its
merits: A Driei summing mp ofits opportunities for
The line commencing on Atlantic avenue at the
foot OF High street, one of the very best nercial
centres OF Boston its water 'front.' starting by
attractive and strictly passenger 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 q new direct and
very attractive line Of communications with the CITY,
opening in its through East Boston the prop
erty 1.-THE Improvement Company, and the remain
ing large estate of the old East Boston Company
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
estae 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 to 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 of the vital and Learning features Of
the line. The road nearly four miles along the
crest OF this beautiful beach, aud for the first time
renders it accessible to the population Of all sections
OF Boston, by quick, pleasant and frequent COM
munication, so that great numbers during all the
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
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 will be so largely increased,
and the popularity of the beach 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
Lay mn, with popu alton OF more than 10000 people,
AID 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
biniug an 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.
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 CompaDy's Office in Boston.
The loan will be issued in Bonds OF $1,000 each.
Sealed proposals will be received at the Campany's
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
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 a few days thereafter.
Ina bonds Will be ready Tor prompt delivery in due
fbrm. Parties who desire may defer payment for
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
rede nption 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 Of
bonds when they due.
Any further Information desired will be furnished
by ALPHEUo p. BLAKE, President.
JOHN G. WEBSTER, Treasurer.
COmpany's Once, As Congress ST., Boston
aug13dSt