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Medford Historical Society Papers, Volume 1., chapter 15 (search)
section of which Blackstone street now extends. As the enterprise had the confidence of the business community, money for prosecuting the work had been procured with comparative ease. Such representative men as Oliver Wendell, John Adams, of Quincy, Peter C. Brooks, Andrew Craigie, Ebenezer and Dudley Hall, James Sullivan, and John Hancock were stockholders. The stock had steadily advanced from $25 a share in the autumn of 1794 to $473 in 1803, the year the canal was opened, touching $500 16, 99 in number, amounting to $670 per share; and the corporation was still staggering under a debt of $64,000. Of course, during all this time, no dividends could be declared. Under these unpromising conditions a committee, consisting of Josiah Quincy, Joseph Hall, and Joseph Coolidge, Jr., was appointed to devise the appropriate remedy. In the opinion of your committee, the report reads, the real value of the property, at this moment, greatly exceeds the market value, and many year