Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-10-28


ON Monday, the 29ih DAY OF December next, by
" virtue Of decree Of The Court OF Equity Tor
Wake County, al its Autumn Session, 1915 in a
suit OF the Governor, Tor use Of The Stale OF Noru
Carolina, 10 ioreclose Mortgage. heretofore ex.
ecued by the Raleigh and CASTOR Rail Road Com
pany, 10 Indemnify The Stale against certain liza
bllities fof said Company, ! will sell, a, Public
Auction atthe Courl House door in The CITY OF Ra-
leigh 10 The highest bidder the whole property othe
Raleigh and Gasion Ran Road Company afore-
SAID, $50 lar as the same is known To me.) cen
slsting OF 81 miles OF Rail Road reaching from The
CIiy Of R:le2h 10 Gaslon ON the North side OF the
Roanoke River, in the direct line Of public con
veyanee 10 Petersburg, City Point. Richmond,
Washington City, Baltimore, &c &c, together
with all Bridges, Depots, Workshops and Tools.
Warehouse, Water Stations, Engines, Cars, SC,
SC. Also, The stock OF Iron Lumber and Fire
w ooj which mas then be on hand, and all Other
articles owned and used by said Company Tor
keeping up said Rail Road, and transportation on
the same. From The nature The property, twill
be sold On Ri0Sse.
The purchasers, by the terms Of The Decree. and
the Act OF The Legislature in relation 10 it, will be-
come, ipso fletO a body corporate, BY the name
and style OF the present Company, and will ac-
Guire all The franchises privileges rights and i'm
munities now possessed by il, for The term Of 50
years, which il, Charter has YET 10 iun These
franchises and privileges are Of the most adyan-
tagecus kind 10 the Company, and may be found
al large in their Charter, conla med in The % vo-
lume oflhe Revised Statutes OF Norh Carolina,
page 299 which is 10 be seen THE Seals Of Co
vernmeni, and in most OF the Public Libraries Of
The States OF The Union.
The whole purchase money must bear interest,
atthe raie oi6 pr cent. per annum, from The day oi
sale, and te paid as follows 10 vii: S25 coo al The
end isix months, and the residue in four install
mrnls, al inie.valSo len months each-say
Isl, 29h June, 1916, $4,000
2nd, 10Th April, 1871, one ionrlh OF the remain
der.
81, 29lh February. l5aS one fourth OF DO.
4h, the 29lh OF December lS4S, one fourth ofdo.
5th the 29ih OF October, iS49 one fourth Of 10.
The cost of hi. Rail Road and lis appuuenan-
ces, completed only five years since, was
81, 500000-one half Of which was borrowed;
creating debt bearing interest, on failure
10 pay which, sale has become necessary-
The grading, bridges, depo,s, &c, are execu.
ted in an excellent style Of workma nship.-
Cars run daily over it, carrying the mail Of The
United States, Gt being part OF the Southern
metropolitan roule,) al a compensation OF 500
per mile, or 500 per annum. AMI, iraver>ins
fertile region OF country through nearly lis
whole length, lis irc2hls for The transportation Of
Produce and Merchandise, independently of tie
receipts from Passengers afford a considerable
addition 10 ,be ordinary sources OF profits on
Railroads. Though not now yielding profit on
the large sum expended in its construction, lis
income has been increasing for some time past,
and ii is confidently believed that il would pro-
duce reasonable return upon more moderate
amount OF capital invested in lis purchase.
The sale will BE- made rs.ioni nscrrc, al he
time and place Aforesaid, at which those in
clined 10 purchase are respectfully invited 10 al
tend.
The purchase money must be secured b. bond
with approved sureiies. The title will be retained
as further surely until the payment oil the pur-
chase money, bat possession given Immediately.
CHARLES l.. HINTON,
Public Treasurer OF the State Of North Carolina,
and Special Commissioner ul the Count Of Eeu.
", in this cause.
Raleigh, n. e., Oct. l1-c2m