The North-Carolina standard., 1845-10-29
RALEIGH & GASTON RAIL ROAD
FOR SALE.


tnN Monday, the 18th day of December next. by vir
" tue ofa Decree of the Court of Equity for Wake
County, at its Autumn Session, 1S45, in suit of the
Governor for Of the State ofNorth Carolina
close Mortgage Heretofore executed by the Raleigh
and CASTOR Rail Road Company, indemnify the State
against certain liabilities for said Company, will sell
1t Public Auction, at the Court House door in the City
Raleigh to the highest bidder the whole property
the Raleigh and CASTOR Rail Road Company aforesaid
ESQ far as the same is known to mel consisting Of 81
miles of Rail Road, reaching from the City Raleigh
Castor, the North side of the Roanoke River the
direct line of public conveyance Petersburg, City
Point, Richmond Washington City, Baltimore, Sc sc.
Warehouses; Water Stations, Engines, Cars &c sc.
Also, the stock Of Iron Lumber, and Fire Wood which
may then be hand and all other articles owned and
used by said Company for keeping up said Rail Road
and transportation the From the nature of the
property, it will be sold en- niasse
The purchasers by the terms of the Decree, and the
Act OF the Legislature IN relation TO it, will become
J1cto body corporate. by the name and style of the
present Company, and will acquire all the franchises
privileges, rights and mmuntles now possessed by it,
for the term OF 80 years. which its Charter has
These franchises and privileges of the adYan-
tageous kind TO the Company, and be found large
in their Charter contained in the I'd volume of the Re-
vised Statutes of North Carolina, page 299 which is to
be at the Seat of Government and in most of the
Public Libraries of the States the Union
The whole purchase money must bear interest at the
rate OF 6Pe' ce per annum from the day of sale, and
be paid as follows to wit $25 900 at the end of six
months, and the residue in four nstalmens intervals
of ten months each-say
1st, 29th June, 1916, $25, 900.
End, 29th April, 1s47, one fouth of the remainder.
Sd, 29h February, 1913, one fourth of do.
4th, the 29th of December, IS48, one fourth OF do
9Th, the 29th of October, 1s49, one fourth of do.
The cost of this Rail Road and its appurtenances
Pleted only five years since, 81 500 O0Oone halt
of which was borrowed creating debt bearing inter-
est, on failure TO pay which, sale has become necessa
ry The grading, Bridges, Depots sc. are executed in
an excellent style of Workmanship: Cars daily
over it, carrying the Mail of the United States lit
being part Of the Southern Metropolitan route at
compensation of 800 per mile, 50 700 per annum
And raversing fertile region of country through near
its whole length, its feghIs for the transportation of
Produce and Merchandise Independently OF the receipts
from Passengers, afford considerable addition to the
ordinary sources of profits Rail Roads. Though not
now, yielding profit the large expended in It's
construction, its income has been increasing some
time past and 1t is confidently believed that it would
produce a reasonable return npon a moderate
mount of capital invested in its purchase ri
The Sale will be made tcito,Gt reserre at the time
and place at which those inclined to purchase
are respectfully invited to attend.
The purchase money must be secured by bond with
approved surees The title will be retained as furth-
er security until the payment of the purchase money
but possession given Immediately. .s.5 ,tss.I +
asizsoU CHARLES L. HINTON.
Public Treasurer of the State of North Carolina
and Special Commissioner of the Court of Equity, in
this cause.i ..4 co.. ~ 81 -..-a..e i 6 . -. ! I
Raleigh, N. C. October 6, 1915. b7l1st