The North-Carolina standard., 1845-11-12
RALEIGH & GASTON RAIL ROAD
FOR SALE

IN Monday, the 2eth day of December next, by vir-
" tue ofa Decree of the Court of Equity for Wake
County, at its Autumn Session, 1915, in a suit Of the
Governor for OF the State of North Carolina to FORE
close Mortgage. heretofore executed by the Raleigh
CASTOR Rail Road Company to indemnify the Stale
against certain liabilities for said Company will sell
at Public Auction at the Court House door in the City
Of Raleigh the highest bidder, the whole property
The Raleigh and CASTOR Rail Road Company aforesaid,
ESQ tar as the same is known to me) consisting Of 81
miles of Rail Road reaching from the City of Raleigh to
GastOn the North side Of the Roanoke River, the
direct line of public conveyance Petersburg, City
Point, Richmond, Washington City, Baltimore, &c. sc.
together with all Bridges, Depots Workshops and Tools.
Warehouses, Water Stations, Engines, Cars, &c SC.
Also, the stock 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 transportation the the nature of the
property, it will be sold en-
The purchasers, by the terms OF the Decree and the
Act oil the Legislature in relation 10 it, will become
tactO body corporate. by the and style Of the
present Company, and will acquire all the franchises
privileges, rights and mmnnes possessed by il,
for the term of 80 years. which its Charter has yet
These franchises and privileges Of the advan
in their Charter contained in the I'd volume of the Re-
vise Statutes of North Carolina page 299 which is TO
be seen at tho Seat OF and in most of the
Public Libraries of the States ofthe Union.
The whole purchase money must bear interest, at the
rate of per cent per annum from the day of sale and
be paid follows to wit $25 OJO al the end of six
months and the residue in four nsalments at intervals
of ten months each-saV
LIST, 29th June, 1916, &25 O0O
End, 29th April, lS47, one fouth of the remainder
Sd, 29th February, 1913, one fourth Of do.
4th the 29th of December, IS4S, one fourth OF do.
5h, the 18th of October, lS49, one fourth of do.
The cost ofhs Rail Road and its appurtenances COM
Peted only FIVE years since, 81 500 000-OOe bali
Of which was borrowed creatinga debt bearing inter-
est, falureto pay which, sale has become
ry The grading, Bridges Depots, &c. executed in
excellent style of Workmanship. Cars daily
it, carrying the Mail Of the United States, (it
being part Of the Southern Metropolitan route at
compensation Of 800 per mile, $500 per
And, raversing fertile region Of country through
its whole length. its fcghts for the transportation of
Produce and Merchandze independently the receipts
fom Passengers afford a considerable addition to the
ordinary sources of profits Rail Roads Though not
novS yielding profit The large expended in its
construction, its income has been increasing
time past and it is confidently believed that it would
produce reasonable return mpon more moderate a.
mount of capital invested in its purchase
The Sale will be made sciihout reserue, at the time
and place aforesaid at which those inclined purchase
are respectfully invited to attend.
The purchase MONEY must be secured by bond with
approved sureties The title WILDE retained furth
er security unit! the yment of the purchase money,
but possession given Immediately.
CHARLES L. HINTON,
Public Treasurer of the State of North Carolina
and Special Commissioner OF the Court of Equity, in
this cause.
Raleigh. N. C. October 6, 1916. 57l-st.