The North-Carolina standard., 1845-11-26
RALEIGH & GASTON RAIL ROAD
FOR SALE.

an Monday, the 29th day of December next, by vir
" tue ofs Decree of the Court of Equity for Wake
County, at its Autumn Session, IS45, in a suit of the
Governor for Of the State ofNorth Carolina
close Mortgage. heretofore executed by the Raleigh
and CASTOR Rail Road Company to indemnify the State
against certain liabilities for said Company, will sell
at Public Auction at t Court House d"or in the City
ofRalegb, to the highest bidder, whole property
the Raleigh and CASTOR Rail Road Company aforesaid
$50 far the known to me) consisting Of 81
miles of Rail Road reaching from the City OF Raleigh 10
Gaston the North side of the Roanoke River in the
direct line of public conveyance to Petersburg, City
Point, Richmond, Washington City, Baltimore, &c. Sc
together with all Bridges Depots Workshops and Tools
Warehouses, Water Stations, Engines, Cars SC &c
Also, the stock OF Irop Lumber and Fire Wood which
may then be hand and all other articles owned and
used by said Company for keeping up said Rail Road
and transportation on the From the nature of the
property, it will be sold en- n1dSse
The purchasers, by the terms of the Decree and the
Act OF the Legislature in relation it, will become ipso
facto body corporate. by the and style of the
present Company, and will acquire all the franchises
privileges, rights and mmunies possessed by it,
for the term of 80 which its Charter has yet
These franchises and privileges of the advan-
tageous kind to the Company, and may be found large
in their Charter contained in the I'd volume of the Re-
Yise Statutes of North Carolina, page 299 which is
be at the Seat of Government. and in most of the
Public Libraries of the States ofthe Union.
The whole purchase money bear interest, at the
rate of per cent per annum from the day of sae and
be paid as follows to witt $25 900 at the end of six
months, and the residue in four nstalmens at intervals
of tea months each-say
Ist 29th June, 1916, &25, 900.
End, ZSth April, lS47, touth OF the remainder.
Sd, 29th February, 1913, one fourth of do.
4th, the 29th of December, 1848, one fourth OF do
9Th, the 29th of October, 1949, one fourth of do
The cost of this Rail Road and its appurenances,
peted only Eve years since, 81 800 OOOone half
of which was borrowed creating debt bearing inter-
est, failure TO pay which, sale has become
ry. The grading, Bridges Depots &c. executed in
excellent style of workmanship. Cars daily
it, carrying the Mail of the United States, lit
being part of the Southern Metropolitan route) at
compensation of 800 per mile, $500 per annum.
And raversng fertile region of country through
its whole length, its eighs for the transportation of
Produce and Merchandise independently of the receipts
from Passengers. afford considerable addition to the
ordinary of profits Rail Roads. Though not
now yielding profit the large sum expended in its
construction, its income has been increasing Tor
time past and it is confidently believed that it would
produce reasonable return upon moderate a.
mount of capital invested in its purchase. .-..e.
The Sale will be made 1cithoE reserue, at the time
and place aforesaid, at which those inclined to purchase
respectfully invited to attend.
The purchase money must be secured by bond with
approved sureties. The title will be retained furth-
er security until the yment of the purchase money
but possession given Immediately.
CHARLES L. HINTON,
Public Treasurer of the State of North Carolina,
and Special Commissioner of the Court of Equity, in
this cause.
Raleigh, N c. October 6, 1915. 57I-st