The North-Carolina standard., 1845-10-22
RALEIGH & GASTON RAIL ROAD
FOR SALE.


AN Monday, the 10th day of December next. 6y ylr
tue ofa Decree of the Court of Equity for Wake
County, at its Autumn Session. 1915, in SUIT OF the
Governor Of the State Of North Carolina 70 iore
close Mortgage heretofore executed by the Raleigh
and CASTOR Rail Road Company to indemnify me StaIe
sa ,nst certan liabilities for said Company, will sell
af public Auction att.e Court House door in the City
ofRaefgh to the highest bidder, the whole property oil
the Raleigh and CASTOR Rail Road Company aforesaid
$50 far as the same is known TO me,l consisting Of 81
miles of Rail Road reaching from the City of Raleigh to
Gaston the North side of the Roanoke River IN ne
direct line of public conveyance to Petersburg cry
Point Richmond, Washington City, Baltimore &c. &c
together with all Bridges Depots, Workshops and IooS'
Warehouses, Water Stations, Engines, Cars, &c &c
AIso the stock of Iron Lumber, and Fire WOOD whlcn
may then be hand and all other articles owned ana
used by said Company for keeping up said tHal hoao
and transportation the From then ot the
property, 1t will be sold -s7.
The purchasers, by the terms of the Decree and the
Act the Legislature in relation to it, Will become S0
facto, body corporate by the name and style oil the
present Company and will acquire all the franchises
for of 80 years. which its Charter has yet to run
These franchises and privileges of the most advan-
tageous kind to the Company and be found at large
in their Charter contained in the I'd volume Of the Re-
Vised Statutes of North Carolina, page 299 which is to
be seen at the Seat of Government and in most OF the
Public Libraries of the States ofthe Union.
The whole purchase money must bear interest at the
rate of per cent per annum, from the day OF saie and
be paid as follows to wit $25 O0O at the end of six
months and the residue in four nsalments al intervals
of ten months sach-say
- lst, 29th June, 1916, $25, ,O00..
2nd 29th April, 1917, one fnnth of the remainder,
Sd, 29th February, 1913, one fourth of do
4th, the 29th of December, 1913, one fourth OF do.
5th, the 29th of October, 1S49, one fourth of do.
The cost this Rail Road and its appurtenances com
pleted only FIVE years since, 81 500 OOOone halt
of which borrowed creating debt bearing inter-
est failure TO pay which, sale has become nccessa-
ry The grading, Bridges, Depos, &C. are executed IN
an excellent style of workmanship. Cars run daily
over it, carrying the Mail of the United States, ut
being part of the Southern Metropolitan route,) at a
compensation of 800 per mile, Sc. 700 per annum
And Iraversng fertile region of country through near
ly its whole length its freghls for the transportation of
Produce and Merchandise Independently OF the receipts
from Passengers, afford considerable addition to the
ordinary sources of profits Rail Roads. Though NOT
now, yielding profit the large expended in It's
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 tvttOut TeSerue, at the time
and place aforesaid which those inclined to purchase
are respectfully invited to attend.
The purchase money must be secured by bond with
approved sureiies The title will be retained as furth
security until III he payment of the purchase money
but possession given Immediately.
-f.3risa a CHARLES L. HINTON,
ss7 Public Treasurer Of the State of North Carolina
and SPECIAL Commissioner of the Court of Equity, il
this cause. -4
Raleigh, NJ C. October 8, 1915. 57I-st