The North-Carolina standard., 1845-10-15
RALEIGH & GsAsTON RAIL ROAD
FOR SALE

I'm Monday, the 29th day of December next bv vir.
~ tue ofe Decreeof the Court of Equity for Wake
county, at its Autumn Session. 1916, in suit of the
Governors for Of the State North afolina to fore
close Mortgage. Heretofore executed by the Raleigh
and Gason Rail Road Company, 10 indemnify the Stale
against certain liabilities for said Company will sell
at Public Auction, at the Court House door in the Civ
OF Raleigh, to the highest bidder the whole nnertV IF
the Raleigh and CASTOR Rail Road Company aforesaid,
$50 far as the same known to mel consisting OF 81
miles of Rail Road reaching from the City of Raleigh 10
Castor, on the North side of the Roanoke River in the
6lreet ne OF public conveyance to Petersburg, City
Point, Richmond, Washington City, Baltimore Sc SC
together with all Bridges Depofs Workshops and Tools
w 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 oy said Company for keeping up said Rail Road,
ano on the same From the nature OF the
property, 1t will be sold n1Gsse.
ne purchasers by the terms Of the Decree, and the
Act Legislature in relation to it, will become ipsO
present Company, and viii acquire ali the franchises
privileges, rights and immunties now possessed bv IL
o the term of 80 years. which its Charter has yet TO run
hese franchises and privileges of the advan-
taseous KIND to the Company and may be found at large
Ia her Charter contained in the I'd volume of the Re-
m HSea S'au,es OF North Caroline, page 2e9 which to
0e seen at the Seat of Government and in most of the
Public Libraries of the States ofthe Union.
ne mhoe purchase money must bear interest, at the
a'e Oi per cent per annum from the day of sale, and
oe Pald as follows to wit: $25 900 at the end Of six
months and the residue in four instruments al intervals
of ten months each-say - l-,,.
Ist. Z9th June, 1916, $25, 900.
End, 29th April, ls47, one foull of the remainder
Sd, 29th February, lS4s one fourth Of do
4th, the 29th of December, 1slS one fourth of do
9th, the 29th of October, 1919, one fourth of do.
The cost OF this Rail Road and its appurtenances COM
PIeted only five years since, 81 500 0OO-ons half
OF winch was borrowed creating debt bearing inter-
est on failure to pay which, sale has become nccessa
ry The grading Bridges, Depois, &C. are executed in
an excellent style of workmanship. Cars run daily
over IT, carrying the Mail of the United States (it
being part of the Southern Metropolitan route at
compensation of 800 per mile or 700 per annum.
And fertile region of country through
its whole length, its freghts the transportation of
Produce and Merchandise independently Of the receipts
from Passengers, afford considerable addition the
ordinary sources of profits Rail Roads Though not
now yielding profit on the large expended in its
construction, its income has been increasing or soma
time past and 1t is confidently believed thai il would
produce reasonable return upon more moderate a.
mount OF capital invested in its purchase ~ s.a
Ihe Sale will be made 1cithottt reserue at the time
and place aforesaid at which those inclined TO purchase
are respectfully invited to attend. -
The purchase monsy must be secured by bond with
approved sureties The title will be retained frth-
eF security until the payment of the purchase money
but possession given Immediately.
48f-lsx- -.... s. -.lu ta1 CHARLES L. HINTON,
Public Treasurer of the State of North Carolina,
and Special Commissioner Of the Court of Equity, in
this cause. ---'' ''''-' - '''''t'
Raleigh, N. C. October 6, 1915. .f a. 57l-st