The Portland daily press., 1875-08-13
100000 2 per cent, TO-
Years Bonds
or THE
Boston, Revere Beach and Lynn
Railroad Company
TO BE ISSUED.
STATEMENT.

STATEMENT.
~ completed its line in accordance with statements
made when subscriptions to the capital stock were
calieu ior, and 1t now being deemed advisable to
aIgeIy increase the equipment originally comtempla
ted. put down double track most Of the distance
improve the large and valuable water front proper
aioTg to the Company In East Bostons9 that
q Ouliung at the terminus Of the line on Market
Street IN Lynn, that will not only finnish first class
several depots along the line and make several other
Improvements for the greater accommodation Of the
ana increase the facilities Of the Company to
90 profitable business, it has been determined by
vote OF the stockholders to Issue 100000 tenyear
seven coupon bonds for the purpose of fund
ing the expenditures necessary in order to promptly
make Tue 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 cared furnishes financial basis more sound and
Ieaole upon which to issue bonds than that OF al
most any road ever before built in New England.
ADVANTAGES OF THE ROAD.
Inc advantages OF the road cannot well be over
timated and its ability not only to pay its bonds but
to pay regular dividends on its stock conceded by
all who have made careful investigations into its
merits. brief summing mp Of its opportunities for
business ISM ,;, may be stated as follows:
foot OF high street, one Of the very best mperca
centres OF Boston its water 'front.' starting by an
attractive and strictly passenger ferry comparatively
In to operated terminating in East Boston,
convenient to the Grand junction and ICunard
Wharves opening to the whole population of the
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
srty OF the Improvement Company, and the remain
rapid settlement, and furnishes to the town Of VIM
throp greatly improved facilities. From East Bos-
ton It passes directly through Orient Heights the
the large estate OF the Boston Land Company, ex-
tending from the harbOr 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 maured
plans by which tomake the locality of Orient Heights
the nucleus of Long Branch for Boston, which will
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 one Of the vital and leading features
the line. The road 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
munication, SO that great numbers during all the
summer months will 60 down to this beach, which
BY this line is practically brought to the very heart
Be- a a.
furnish large revenue to the road. Along this
beach there are already four five very good hotels,
for profitable business will be so largely Increased,
and the popularity of the beach seashore resort
SO widely established, that not oaly the hotels al
M
others constructed to meet the demand.
Crossing the Saugus river, the road extends to
Market street. the geographical centre Of the city of
Lynn, with population OF more than 80 900 people,
and 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 en- aggregate Of business and opportunity in
proportion to its cost Of construction expense
operating, scarcely 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 daysof 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 21st of August at O'Clock
The awards viii 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 q few days thereafter.
The bonds will be ready for prompt delivery in due
fbrm. Parties who desire may defer payment for
onehaf 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 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.
by ALPHEUS P. BLAKE, President.
JOHN G. WEBSTER, Treasurer.
Compnny's Office, As Congress ST., Boston
aug13d8t