ADDENDUM.
The Boynton Bicycle Railway Company is incorporated to license the use of its patents to all steam and electric railway companies, in the United States and other countries, on the payment of a small royalty.
All stock of the Company is fully paid by patents and property, is non-assessable, and it is not intended to incur any bonded indebtedness.
Any company organized for the purpose of using this system will pay a royalty of one-twentieth of the stock, or, if bonds are issued, one-twentieth of the bonds, as a full and final payment for the use of all patents issued or to be issued.
The running of over 17,000 miles by steam on the Coney Island road, and of over 8,000 miles by electricity on the Bellport road has demonstrated the complete mechanical and practical success of this system.
A saving of from six to twenty-fold is made in train weight for conveying passengers, and four-fold saving in conveying freight.
The Company will furnish on application any further information that may be necessary, to such railroad companies, or others, who desire to investigate this system, with a view to its adoption.
To those who may decide to use this system we will send full working drawings, which will enable them to construct cars, locomotives and structures.
THE BOYNTON BICYCLE RAILWAY COMPANY,Room 615, 32 Nassau Street,New York City, N. Y.