Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-11-14
Raleigh 4 CASTOR Rail Road


ON Monday, the29th day OF December next, by
" virtue OF decree OF the Court Of Equity for
Wake County, al its Autumn Session, lS45, in a
suit Of the Governor for use of The State OF Nor,u
Carolina, 10 foreclosc Mortgage, heretofore ex-
ecuted by the Raleigh and CASTOR Rail Road Com
pany to indemnify the State against certain liza
blilies for said Company, will sell, al Public
Auction al the Court Housedoor in The City oil Ra-
leigh to the highest bidder the whole property oflhe
Raleigh and Gasion Rail Road Company aforc-
said, $50 far as the same is known 10 me,) con-
sistine OF So miles OF Rail Road reaching from The
City of Raleigh to CASTOR, on The North side the
Roanoke River, in the direct line of public con-
veyance to Petersburg City Point Richmond,
Washington City, Baltimore, &C., &C., together
with all Bridges, Depots, Workshops and Tools,
Warehouse, 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 on
the same. From the nature OF the property, it will
be sold en- nlasse.
The purchasers, by the terms ofthe Decree, and
the Act of the Legislature in relation 10 it will be-
come, ipso faeto, body corporate, by the name
and style OF the present Company, and will ac-
munities now possessed by il, for the term of 30
years, which its Charter has yet to run. These
franchises and privileges are of The most advan-
tageous kind 10 the Company, and may be found
al large in their Charter, contained in the ID Vo-
lume fthe Revised Statutes Of North Carolina,
page $780, which is to be seen atthe Seats of Go
yernment, and in most OF the Public Libraries Of
the States OF the Union.
The whole purchase money must bear interest,
atthe rate ol6 per cent per annum, from The day Of
SALE and be paid as follows, 10 wit: $4,000 at the
end OF six months, and the residue in four install
ments, at intervals Of ten months each-say
LIST, 18th June, 1916, $25, 900.
End, 29.h April, lsi7, one fourth Of the remain
der
Sd, 29lh February, 1918, one fourth OF do.
4th, the 10Th OF December, 1S49 one fourth ofdo
5,h, the 29lh Of October, l649, one fourth of do
The cost of this Rail Road and its appurenan-
ces, completed only five years since, was
81 00,000-one half Of which was borrowed;
creating debt bearing interest," on failure
to pay which, sale has become necessary
The grading, bridges, depots, &c, are execu-
ted in an excellent style OF workmanship
Cars run daily over it, carrying the mail of The
United States, Gt being part Of the Southern
metropolitan roule,) at compensation of 300
per mile, or S., 700 per annum. And, traversing
fertile region of country through nearly its
whole length its freishts for the transportation OF
Produce and Merchandise, independently of the
receipts from Passengers, afford a considerable
addition to the ordinary sources OF profits on
Railroads. 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 pro-
duce a reasonable return upon a more moderate
amount of capital invested in its purchase.
The sale will be made lciLloat reserpe, al the
time and plac. aforesaid, at which those in
clined to purchase are respectfully invited to at
tend
The purchase money must be secured BY bond
with approved surelies The title will be retained
as further surely until the payment oil the pur-
chase money, but possession given Immediately.
CHARLES L. HINTON,
Public Treasurer oithe State Of North Carolina,
and Special Commissioner Of the Court Of Eeui-
~, in this cause.
Raleigh, N. c., Oct. l4-c2m