Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-11-18
Raleigh a. CASTOR Rail Road


ON Monday, the 29th day OF December next, by
" virtue OF decree OF The Court OF Equity for
Wake County, al It's Autumn Session, is45 in q
suit Of the Governor for use OF The State OF Nouu
Carolina 10 toreclose Mortgage, heretofore ex.
ecuted by the Raleigh and Castor Rail Road Com
pany 10 indemnify the State against certain liza
bililies for said Company, | will sell, al Public
Auction, al the Court House door in The City OF Ra-
leigh To the highest bidder, the whole property oithe
Raleigh and CASTOR Rail Road Company afoIe-
said, ESQ far as the same is known 10 me,) con.
sisting OF So miles OF Rail Road reaching from the
CITY of Raleigh 10 CASTOR, on the North side oftle
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, Wafer Stations, Engines, Cars, &c,
&c. 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
Inc same. From the nature Of the property, will
be sold maSS
The purchasers, by The terms OF The Decree and
the Act The Legislature in relation 10 it, will be-
come, ipso facto, 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 by it, for the term Of 80
years, which its Charter has yet 10 Iun. These
franchises and privileges are Of the most advan-
,ageous kind 10 the Company, and may be found
al large in their Charter, contained in the % Vo-
ume OF The Revised Statutes of North Carolina,
page 299 which is 10 be seen atthe Seats OF Co.
vernmsnl, aud in most OF the Public Libraries OF
the States OF the Union.
The whole purchase money must bear interest,
tthe rate of6 per ccnt per annum from the day of
sale, and be paid as follows, 10 wit So, 600 at the
end isix months, and The residue in four install
ments, a, intervals OF Ten months each-say
Isl, 18th June, 1886 $4,000.
2nd 18th April, 1877, one fourth o. the remain
der
3D. 18Th February, 1913, one fourth OF 60.
4th. the 10Th OF December, 1913 one fourth DIDO.
9Th, the 29lh OF October, lsI9, one fourth Of Dc.
The cost OF this Rail Road and its appurenan-
ces. completed only five years since, was
81 500 OO0-one half of which was borrowed;
creating debt bearing interest, on failure
TO pay which, sale has become necessary
The grading, bridges, dePols, &c, are execu-
ted in an excellent style Of Workmanship
Cars run daily over il, carrying the mail Of The
United States, Gt being part Of The Southern
metropolitan rouie,) at compensation OF 500
per mile, or s., 700 per annum. And, traversing
fertile region OF country through nearly It's
whole length, its freish,s for the transportation OF
Produce and Merchandise, independently oil me
receipts from Passengers, afford considerable
addition TO the ordinary sources OF profits on
Railroads. Though not now yielding profit on
the large sum expended in its construction, lis
income has been increasing for some time past,
and il is confidently believed, that il would pro-
duce reasonable return upon more moderate
amount Of capital invested in its purchase.
The sale will BE- made ,rat4out reserre, al the
lime and place aforesaid, at which those in
clined 10 purchase respectfully invited to al
tend.
The purchase money must be secured by bond
with approved .ure'ies The lite WILDE retained
as further surety until the payment oil the pur.
chase money, but possession given Immediately.
CHARLES L. HINTON,
Public Treasurer OF The State Of North Carolina
and Special Commissioner Of the Court OF Eeui
", in this cause.
Raleigh, n. C., Oct l4--c2m