Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-10-24

| FOR Stl>E.
ON Monday, the 29th day OF December next by
" virtue ola decree OF The Court OF Equity for
Wake County, Al lis Aulumn Session. lS45, in
suit OF thr Governor for of The Stale OF Nor,q
Carolina 10 lorecose Mortgage, heretofore ex-
ecuted by the Raleigh and Castor Rail Road Com
| pany, 10 indemnify the State against certain liza
bllllies loG said Company, ] will SELL al Public
Auction, athe Court House door in the City OF Ra-
leigh The highest bidder the whole property OF the
Raleigh and CASTOR Rail Road Company sfoTe-
said, $50 far as the line is known 10 me,) con.
sisting OF So miles Of Rail Road reaching from he
City Of Raleigh 10 CASTOR on the North side of The
Roanoke River, in The direct line of public con-
vpyance 10 Petersburg City Point, Richmond
Washington City, Baltimore &c, &c. together
with all Bridges, Depols, Workshops and Tools,
| Warehouse, Water Stations, Engines Cars, &c
sc. Also, the stock oil 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 VI the properly il will
| be sold az aaS@.
| The purchasers, by the terms Of The Decree, and
The Act OF The Legislature in relation 10 il, will be-
come Ipso jacto, a body corporate, by the name
and style OF the presch, Company, and will ac-
qure al The franchises, privileges, rights and i'm
| munilies now possessed by il, for the term Of 50
years, which lis Charter has yet 10 iun. These
franchises and privileges ale OF the most advan-
laseons kind 10 The Company, and may be found
al large in their Charter, contained in the ID Vo-
lume OF The Revised Statutes of North Carolina,
page 800, which is TO be seen atthe Seals OF Go
vernment aud in most OF the Public Libraries Of
The States OF the Union
The whole purchase money must bear interest,
al the rate ole per cent. per annum from the day Of
sale and lie paid as follows 10 wit: So5 900 a, the
at hp N t,ur sfaI-
mens, at intervals Of len months each-say
Isl, 29Ih June, 1876, S25 600.
2nd, both April, lSi7, one fourth of the remain
der.
81, 29h February, 1918, one fourth OF DO
4lh, the 29,h OF December, lSiS, one fourth ofdo.
9Th, the 29h OF October, 1919, one fourth Of do
The cost Of this Rail Road and its appurenan-
ces, completed only five years since, was
81 ,500,000-one hall al which was borrowed
creating a debt bearing interest, on failure
To pay which, sale has become necessary
The grading, bridges, depU,>, &c, are execu-
ted in an excellent style OF Workmanship
Cars run daily over it, carrying The mail Of the
United States, Git being part Of The Southern
metropolitan ronie,) al compensation OF 800
per mile, or IS, 700 per annnm. And, raversing
fertile region ol country through nearly its
whole length, lis treighS Tor thu transportation OF
Produce and Merchandise, independently Of the
receipts from Passengers, afford considerable
addition 10 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 lime past
: = ---Tl--.i,- Lit->i, 49,. -
duce reasonable return upon more moderate
amount OF capital invested in its purchase.
The sale will be made wiLiont nss,re, al the
time and place aforesaid, at which those in
cined 10 purchase are respectfully invited 10 at
tend.
The purchase money must be secured BY bond
with approved &urees The lille will be retained
as a further surely until The payment OF The pur-
chase money, bul possession given Immediately
CHARLES l.. HINTON,
Public Treasurer Of the State Of North Carolina,
and Special Commissioner Of Tie Coult Of Equl-
~, in this cause.
Raleigh, NJ c., Oct l4-c2m