The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1875-08-17
MISCELLANEOUS.
100000 2 per cent, TO-
Years Bonds
or THE
Boston, Revere Beach and Lynn
Railroad Company
TO BE ISSUED.
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 for and it now being deemed advisable tn
largely increase the equipment originally comtempa-
ted. put down double track most of the distance;
improve the large and valuable water front proper
ty belonging to the Company in East Boston so that
it may afford incomes purchase the land and erect
building at the terminus of the line on Market
Street, in Lynn that will not only finnish first cass
depot accommodations, but q rental income; build
several depotS along the ne 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
vote OF the stockholders to issue 100000 ten-year
ing the 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 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 es-
mated and its ability not only to pay its bonds but
to pay regular dividends its stock. is eded by
all who have made careful investigations into its
merits brief summing mp of its opportunities for
business may be stated as follows:
The line commencing on Atlantic avenue at the
foot OF High street, of the very best ercal
centres OF Boston on its water 'front.' starting by an
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 new direct and
very attractive line of communications with the city,
opening in its course through East Boston the prop
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
estae 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 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 one Of the vital and Leading features
the line. The road runs nearly four miles along the
renders it accessible to the population of all section:
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
Of the city and made available to the people at
cost that can be afforded by ALL and at the same time
beach there already four five very good hotels
and it is confidently believed that the Opportunity
for profitable business will be largely Increased
and the popularity OF the beach as seashore resort
widely established, that not OILY 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 enterprsing shoe
city of the United States direct, constant an6
| quick communication with the very centre of the
shoe and leather district of Boston, which mus
always make this favorite route for the large an(
increasing travel to and from this city, thus com
bining an aggregate of business and opportunity il
proportion to its cost of construction expense
operating, scarcely if ever before enjoyed by any lint
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
| 100000 bonds, payable the first day of June
1885, with interest at seven per cent. per annum
payable on the first days of December and June, a
| 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 Dist of August at oclocl
p. m, to purchase any part of the s.me.
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 thu
| allotments made within few days thereafter
Th9 bonds will be ready for prompt delivery in du
| fbrm. Parties who desire may defer payment fo
one-half the purchase until auy time previous to thu
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 pe
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.
Company's Office, 4S Congress ST., Boston
aug13dst