Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-10-31
Raleigh 4 CASTOR Rail Road


ON Monday, the 29h day OF December next b.
" virtue OF a decree OF the Court Of Equy Tor
Wake County, at lis Autumn Session, ls45, in 4
suit OF the Governor for use OF The State OF No!iu
Carolina, 10 ioreclose Mortgage, heretofore ex.
ecuted by the Raleigh and Castor RI il Road Com
pany, 10 indemnify The Stale against certain liza
bililies tol said Company, | will sell, al Public
Auction, the Court Eousedo in The City Of Ra-
leigh, olhe highest bidder, The whole properly oi,hc
Raleigh and CASTOR Rail Road Company aiore-
said, ESQ far as the same is known 10 me,) CON
sisins OF So miles oil Rail Road reaching from lie
City Of Raleigh TO CASTOR, on the North side otihe
Roanoke River, in the direct line OF Public con
veyance 10 Petersburg City Point, Richmond.
Washington City, Baltimore, &c, &c. together
with all Bridges, Depois, Workshops and Tools,
Warehouse, Water 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 Tor
keeping up said Rail Road, and transportation on
the same. From the nature the property, twill!
be sold a, maSsc.
The purchasers, by the terms of the Decree. ana
the Act ot the Legislature in relation 10 il, will be-
come, ipso faefo, body corporate, By the name
and style OF the present Company, and will ac-
quire all the franchises, privileges, rights and i'm
munties now possessed by il, for The term Of 50
years which its Charter has yet 10 Iun. These
franchises and privileges are Of the most advan-
tageous kind 10 The Company, and may be found
at large in their Charter contained in the 2d Vo-
lume OF the Revised Statutes OF North Carolina,
page 800, which is TO be seen aI,he Seats Of Go
vernment, and in most OF the Public Libraries o,
the States OF the Union.
The whole purchase money must bear interest,
atlhe rate Of per cent. per annum, from The day OF
sale, and be paid follows, 10 vii: S25 600 al the
end DISK months, and the residue in four install
ments al intervals Of len months each-say
LIST, 29h June, 1916, S25, 900.
End, 29lh April, 1917, one fourth OF the remain
der
Sd, 29lh February 1913, one fourth OF do
4lh the Goth OF December 1913, one fourth ofdo.
9th, the 29lh OF October, lS49, one ioprth OF do.
The cost of this Rail Road and lis appurtenan-
ces, completed only five years since, was
81 500000-one half of winch was borrowed;
creating a debt bearing interest, on failure
to pay which, sale has become necessary
The grading bridges, depots &c, are execu-
led in an excellent style OF workma nship.--
Cars run daily over il, carrying the mail Of lie
United States, Ct being part OF the Southern
metropolitan route,) at d compensation Of 500
per mile or So, 700 per aunum. And, traversing
fertile region OF country through nearly liz
whole length lis trei9hs for the transportation Of
Produce and Merchandise, independently Of The
receipts from Passengers, afford considerable
addition to the ordinary sources Of profits on
Railroads. Though not now Welding profit on
The large sum expended in It's 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 riLiOul rtserc, al the
time and place aforesaid, al which those in
clined 10 purchase are respectfully invited 10 at
tend.
The purchase money must he secured BY bond
with approved :urees. The title will be retained
as a further surely until The payment Of The pur
chase money, but possession given Immediately.
CHARLES l.. HINTON,
Public Treasurer OF the State OF North Carolina,
and Special Commissioner oi The CouIt Of Equ.
~, in this cause
Raleigh, N c., Oct. li-c2m