Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-11-04
Raleigh & CASTOR Rail Road


ON Monday, the 29lh day OF December next, by
" virtue Of a decree Of The Court Of Eqnity for
Wake County, al lis Autumn Session, ls45, in a
suit OF the Governor, for use Of The Stale OF Noru
Carolina, 10 loreclosc Mortgage, heretofore eX-
ecuted by the Raleigh and CASTOR Rail Road Com
pany, 10 indemnify the Slate against certain liza
biiIies fol said Company, ! will SELL al Public
Auction, atihe Court House door in The City OF Ra-
leigh tol the highest bidder, The whole property o,he
Raleigh and CASTOR Rail Road Company afore-
said, ESQ Tar as the same is known to meg con-
sisting OF SO miles OF Rail Road reaching from the
City OF Raleigh 10 Gaslon, on the North side oflhe
Roanoke River in the direct line Of public con-
veyanee 10 Petersburg, City Point, Richmond,
Washington City, Baltimore, &c, &c, together
with all Bridges, Depols, Workshops and Tools,
&c. Also, The stool; Of Iron, Lumber, and Fire
Wood, which may then be on hand, and all other
articles owned and used By said Company for
keeping up said Rail Road, and importation on
The same. From the nature fthe properly, il will
be sold en- DlaSse.
The purchasers, by The terms of The Decree, and
The Act of the Legislature in relation 10 it, will be-
come, ,pso fa1to body corporate, By the name
and style oil the present Company, and will ac-
quire all The franchises privileges, rights and i'm
munlies now possessed BY il, for the term Of so
years which its Charter has yet 10 Iun. These
franchises and privileges arc of the most a6van-
al large in their Charter, contained in The % Vo-
lume The Revised Statutes of North Carolina,
page 300, which is 10 be seen al The Seats OF Go
veTnment, and in mos, OF the Public Libraries of
the States OF the Union.
The whole purchase money must bear interest,
at the rate olG per- cent per annum, from the day 81
sale, and be paid as follows, 10 wit: $4,000 al the
end Of six months, and the residue in TOUR install
ments a, intervals often months each-say
Isl, 29ih June, 1916, S25, 600
2nd, 29lh April, 1917, one fourth Of the remain
der.
Sd, goth February. 1913, one fourth OF do.
4th, the 29th OF December, 1913 one fourth ofdo.
9Th, The 29lh OF October, l849, one fourth Of do.
The cost of this Rail Road and its appurienan-
ces, completed only FIVE years since, was
81 ,5O0O0O-one half If which was borrowed;
creating debt bearing interest, on failure
10 pay which, sale has become necessary
The grading, bridges, dcpots, &c, are execu-
ted in an excellent style OF workmanship
Cars run daily over it, carrying the mail Of The
United Sia,es Git being a part OF the Southern
metropolitan roule,) at compensation OF 800
per mile, or So 700 per aunum. And, lraversing
fertile region OF country through nearly its
whole length, It's freghs for the transportation OF
Produce and erchandise, independently Of The
receipts from Passengers, afford a considcra Bile
addition TO the ordinary sources OF profits on
Railroads. Though moi now yielding profit on
the large sum expended in its construction lis
income has been increasing for some time past
and it is confidently believed, that it would pro-
duce reasonable return upon more moderate
amount of capital invested in it's purchase.
The sale will be made ,ciLtout reserrc, al the
time and place aforesaid, at which those in
cined to purchase are respectfully invited 10 al
tend.
The purchase money must be secured By bond
with approved surelies The title will be retained
as further surety until the payment OF the pur.
chase money, but possession given Immediately
CHARLES l.. HINTON
Public Treasurer oil the State Of North Carolina
and Special Commissioner Of The Count Of Equ
ty, in this cause.
Raleigh, ~ c., Oct. l4-c2m