The North-Carolina standard., 1845-11-19
RALEIGH & GASTON RAIL ROAD
FOR SALE

nN Monday, the 29th day of December next, by vir-
~ tue OF Decree OF the Court of Equity for Wake
County, at its Autumn Session. lS45 in suit of the
Governor for use OF the State oNorh Carolina
close Mortgage. Heretofore executed by the Raleigh
and 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 TO the highest bidder the whole propertv OF
the Raleigh and CASTOR Rail Road Company aforesaid
ESQ Tar as the same IS known to me) consisting Of 81
miles of Rail Road from the City of Raleigh TO
CASTOR. the North side of the Roanoke River in the
Point, Richmond Washington City, Baltimore, &c. SC.
together with all Bridges, Depots Workshops and Tools
Warehouses, Water Stations, Engines, Cars, sc &c.
Also the stock OF Irop Lumber, and Fire ood which
may then be hand and all other articles owned and
used by said Company for keeping up said Rail Road
and transportation on the From the nature of the
property, ii Will be sold nadsSe. ....
The purchasers, by the terms of the Decree and the
Act otthe Legislature i'm relation TO it, will become ipsO
present Company, and will acquire all the franchises
privileges, rights and mmunties possessed by it.
for the term of 80 years. which its Charter has yet
These franchises and privileges of the advan-
tageous kind to the Company and may found at large
in their Charter contained the I'd volume of the Re-
ylsed Statutes OF North Carolina, page 299 which is to
be seen at the Seat OF Government and OF the
Public Libraries of the States ofthe Union
The whole purchase money must bear interest the
be paid follows wit: S25 900 at the end of six
months, and the residue in four nstamens intervals
often months each-say
Ist, 29th June, 1916, $25 900.
2nd. 18th April, ls47 one fouth of the remainder.
3d. 29th February, 1913, one fourth of do
4th, the 29th of December, 1913, one fourth of do
9Th, the 29th of October, 1s49, one fourth of do
The cost ofthis Rail Road and its appurenances COM
pleted only FIVE years since 81 800 OOO-one half
of which was borrowed creating debt bearing inter-
est, failure TO pay which, sale has become nccessa
y The grading, Bridges, Depots &C. are executed in
an excellent style of Workmanship Cars run daily
over it, carrying the Mail of the United States 1t
being part OF the Southern metropolitan route) at
compensation of 800 per mile, $S 700 per annum
And lrayersng fertile region of country through near
ly its its reghts for the transportation of
PRODUCE and Merchandise Independently Of the receipts
from Passengers, afford considerable addition to the
ordinary sources of profits on Rail Roads Though not
now yielding profit on the large sum expended in its
construction its income has been increasing for some
time past. and it is confidently believed that it would
produce reasonable return upon more moderate a.
mount of capital invested in its purchase
The Sale will be made 1citout reserve at the time
and place aforesaid at which those inclined to purchase
are respectfully invited to attend.
The purchase money must be secured by bond with
approved sureties The title will be retained as urth-
er security unit! the yment of the purchase money,
but possession given Immediately. --F..
.za.'"S CHARLES L. HINTON,
a1 Public Treasurer of the State of North Carolina
and SPECIAL Commissioner of the Court of Equity in
this cause - i-,- 7-
Raleigh, N: c: October 6, 1916. 57l-st.