Under the act of May 4, 1868, the town of Deer Park was bonded for the sum of $200,000 to aid in the construction of the Monticello and Port Jervis Railroad. These bonds drew 7% and ran thirty years to their maturity. In 1898 they were refunded at 4% and provision made for the gradual payment of the principal. There is now (1908) outstanding in these bonds $161,000. THE MONTICELLO R. R. The Monticello and Port Jervis Railroad Company was incorporated Sept. 3, 1868. It ran between Port Jervis and Monticello and opened for traffic January 3, 1871. It was sold in foreclosure July 8, 1875, and subsequently reorganized as the Port Jervis and Monticello Railroad Co. Its history has been a checkered one. It is now operated by the Ontario & Western Railroad as a part of its system. THE CITY OF PORT JERVIS. Port Jervis had its beginning in 1826 when the building of the D. & H. Canal became a certainty. It was named in honor of John B. Jervis, of Rome, N. Y.. a distinguished civil engineer, who superintended the construction of the canal. As late as 1846 a writer thus describes Port Jervis: "It is a small village on the canal where it first approaches the Delaware. It is just above Carpenter's Point (Tri-States) and the junction of the Neversink and Delaware Rivers. It owes its population and its importance to its position about midway between Honesdale, Pa., and Kingston, N. Y., the two terminals of the D. & H. Canal. There are five stores in the village; three taverns in spacious buildings; one three-story grist mill, built by Dr. Ball, of Brooklyn, N. Y., being a stone building with five run of stone in it; three churches, a Dutch Reformed, Baptist, and Methodist, and one large school house. Coal and lumber are sold in considerable quantities. A mail route from Kingston, N. Y., to Milford, Pa., and thence to Philadelphia, passes through the village." At this time the population of the village was small, and Port Jervis was equaled if not exceeded in importance by the neighboring hamlet of Carpenter's Point, where the post-office was located and courts were held.