Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-11-25
Raleigh 4 Gaston Rail Road

ON Monday, the 29h day OF December next. by
" virtue ola decree OF The Court Of Equity for
Wake County, al It's Autumn Session, la45, in 4
suit OF the Governor for OF The State OF Nortq
Carolina, 10 ioreclo>e Mortgage, heretofore ex-
ecuted by the Raleigh nd CASTOR Rail Road Com
pany, to indemnify The State against certain liza
bilies ioI said Company, ! will sell, at Public
Auction, al The Court House door in The City OF Ra-
leigh the highest bidder The whole property otthe
Raleigh and Gaslon Rail Road Company afore-
said, ESQ far as the same is known 10 me) con-
sisling OF SO miles Of Rail Road reaching from The
City of Raleigh 10 CASTOR, on The North side ofihe
Roanoke River, in the direct line Of public con-
veyance TO Petersburg, City Point, Richmond,
Washington City, Baltimore, &C.. &c, together
with all Bridges Depots, Workshops and Tools,
Warehouse, Water Stations Engines, Cars, &C.,
SC. Also, The stock oil Iron, Lumber, and Fire
Wood, which may then he ON hand, and all other
articles owned and used by said Company for
keeping up said Rail Road, and transportation ON
the same. From The nature ol the property il will
be sold en- mass.
The purchasers, by the terms of the Decree, and
the Act the Legislature in relation 10 it, will be-
come, ipso iacto, body corporate, by The name
and style OF the present Company, and will &C.
quire all the franchises, privileges, rights and i'm
munites now possessed by II, for the term OF 81
years, which lis Charter has yet 10 Iun These
franchises and privileges ale OF the most adyan
tageous kind 10 the Company, and may be found
al large in their Charter, contained in the ID Vo-
June ofhe Revised Statutes of North Carolina,
page 299, which is 10 be seen atlhe Seats OF Go
vernment, and in most OF the Public Libraries of
the States OF the Union.
The whole purchase money must bear interest,
at the rate ol6 per cent. per annum, from theday OF
sale, and be paid as follows, 10 wit: S25, 900 at the
end oisix months, and the residue in four install
ments. at intervals OF ten months each-say
Isl, 9th June, 1886, $4,000.
2nd, 10Th April, 1877, one fourth Of the remain
der.
"a. 2olh February 1913, one fourth OF DO.
4rh, the 29th OF December lS46, one fourth ofdo.
5lh, the 29lh OF October lS49, one fourth Of do.
The cost Of This Rail Road and its appuuenan-
ces, completed only five years since, was
81 500 OO0-one half of which was borrowed;
creating a debt bearing interest," on failure
to pay which, a sale has become necessary
The grading, bridges depots, &C., are eIecu-
ted in an excellent style OF workmanship
Cars run daily over it, carrying the mail OF the
United States, Gt being part Of the Southern
metropolitan roueD al compensation OF 500
per mile, or IS, 700 per annum. And, traversing
a fertile region OF country through nearly its
whole length its treights for the transportation OF
Produce and Merchandise, independently Of the
receipts from Passengers, afford considerable
addition TO the ordinary sources Of profits on
Railroads. Though not now yielding profit on
the large sum expended in its construction, its
income has been increasing for some time past,
and il is confidently believed, that it would pro-
duce a reasonable return upon a more moderate
amount of capital invested in its purchase.
The sale will be made pithouh reserre, at the
time and place aforesaid, al which those in
clincd TO purchase are respectfully invited to al
tend.
The purchase money must be secured by bond
with approved surelies The lille will be retained
as further surety until the payment OF the pur-
chase money, but possession given Immediately.
CHARLES L. HINTON,
Public Treasurer OF the State of North Carolina,
and Special Commissioner OF the Court Of Equi-
~, in this cause.
Raleigh, NJ c., Oct l4-c2m