Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-11-21

Fott StLE.
ON Monday the Goth day of December next, by
" virtue Of decree OF the Court OF Equity for
Wake County, nj It's Autumn Session, lS45, in 4
suit OF the Governor, for use Of he Stale OF Norq
Carolina, Ia ioreclose Mortgage, heretofore ex-
ecued BY the Raleigh and Castor Rail Road Com
pany, TO indemnify the Stale against certain La
bililes tol said Company, ! will sell, al Public
Auction, al the Court House door in the City OF a-
leigh 10 the highest bidder the whole property OF the
Raleigh and CASTOR Rail Road Company aforc.
said, $50 Tar as the same is known 10 me,) con.
>istng OF SO miles OF Rail Road reaching from The
City of Raleigh 10 Gaston on the North side oilEe
Roanoke River, in the direct line of public con-
vryance 10 Petersburg, City Point, Richmond.
Washington City, Baltimore, &c, &c, together
with all Bridges, Depo,s, Workshops and Tools,
Warehouse, Water Stations, Engines, Cars, &C.,
&c. Also, the stock OF Iron, Lumber, and Fire
Wood, which NAV then be Oh hand, and all other
articles owned and used by said Company lur
keeping up said Rail Road, and transportation on
the same. From the nature ul the property, twill
be sold en- mdSSe.
The purchasers, by the terms the Decree, and
the Act the Legislature in relation to il, will BE-
come ipsO factO a body corporate, BY the name
and style OF the present Company, and will &c
quire all the franchises, privileges, rights and i'm
munities now possessed 10y H. lui the term VI 80
franchises and privileges ale Of Tie most advan-
tageous kind TO the Company, and may be found
a, large in their Charter, contained in the 2i Vo-
lume OF the Revised Statutes OF North Carolina,
page 800, which is 10 be seen the Seals OF Go
vernment, and in most OF the Public Libraries OF
the States OF the Union.
The whole purchase money must bear interest,
atthe rate off PER CENT per annum, from lheday nt
sale, and lie paid as follows, 10 vii: S25 900 al the
end OF six months, and the residue in Tour install
mcnls. al intervals OF ten months eacl-say
Isl, 18th June, 1876, $4,000.
2nd, 29th April, lsi7, one fourth OF The remain
der.
3D. 29iI February, 1913, one fourth Of DO.
4th, the 29lh OF December, 1913, one fourth Of do
5,h, the 29h OF October, 1919 one fourth OF do
The cost OF This Rail Road and It's appurenan-
ees, completed only five years since, wa.
81, 500 0O0-one half Of winch was borrowed;
creating debt bearing interest, on failure
Ia paw which, sale has become necessary
The grading, bridges, depols &c, are execu-
ted in an excellent style Of workmanship
Cars run daily over it, carrying the mail OF The
United Slales Gt being a part Of the Southern
metropolitan roule,) al a compensation Of 800
per mile, or So, 700 per aDnum. And, iIaversins
fertile region oi country through nearly its
whole length its ireighs 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 mol now yielding profit on
the large sum expended 10 its construction, its
income has been increasing for some lime past,
and il is confidently believed that il would pro-
duce a reasonable renrn upon a more moderate
amount OF capital invested in its purchase.
The sale will be made ntkAont ysse,re, a, The
time and place aforesaid, al which those in
cincd 10 purchase are respectfully invited 10 Al
tend.
The purchase money must be secured by bond
with approved aurelies. The title will be retained
as further surely 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 Couit OF Equi.
~, in this cause.
Raleigh N. G., Oct. li-c2m