Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-10-21


ON Monday, the 29ih Gay OF December next, bv
" virtue OF a decree Of The Court OF Equity for
Wake County, n lis Aulumn Session, lsi5 in
suit of the Governor, for Use Of The Stale OF Norq
Carolina, IL Oreclose Mortgage, heretofore eX-
ecuted by the Raleigh and Castor Rail Road Com
| pany, Ia indemnify the Stale against certain liza
bilies for sand Company will sell, al Public
Auction, atihe Court House door in The CITY OF Ra-
leigh, tothe highest bidder, the whole property oihe
Raleigh and CASTOR Rail Road Company afoe-
said. ESQ far as the same is known 10 ne,) con
sising Of 90 miles OF Rail Road reaching from The
City OF Raleigh 10 CASTOR, The North >ide OF The
Roanoke River, in the direct line OF public con-
vryance 10 Petersburg, City PoinI, Richmond.
Washington City, Balumore, Sc, &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 Tor
Ieeping up said Rail Road and transportation on
the same. From the nature oi the properly, il Wll
be sold nias@.
The purchasers, by The terms Of the Decree, and
the Act Of the Legislature in relation 10 it, will be-
COME ip~ iaeio, a body corporate, by the name
and style OF the present Company, and will ac-
qure all the franchises, privileges rights and i'm
munities now possessed by it, for the term Of 50
years, which its Charter has yet 10 run These
franchises and privileges are OF The most advan-
tageous kind TO the Company, and may be found
al large i'll their Charter contained in The ID Vo-
Tune flhe Revised Statutes of North Carolina,
page 299, which is 10 be seen a, the Seats Of Go
ycrnmenl, and in most OF The Public Libraries oi
| the States OF the Union.
| The whole purchase money must bear interest,
at the rate oil per cent per annum, from The day Of
sale and he paid as follows 10 vii: SO 600 at the
end oisix months, and the residue in tour install
menis al intervals Of Ten months each--say
Isl, 2gh June, 1916, $4,000.
2nd, ooh April, 1877, one fourth OF The remain
der.
81, 29ih February 1918 one fourth Of do
| 4l the Goth OF December, 1915, one fourth ofdo.
5lh the 29rh OF October 1912 one fourth OF do
The cost of This Rail Road and lis appurenan-
ces, completed only five years since, was
81 500,000-one half of which was borrowed
creating a debt bearing interest, on failure
10 pay which, sale has become necessary
The grading, bridges depols, &c, are execu-
ted in an excellent style oil workmanship
Cars run daily over it, carrying the mail OF The
United States, Ct Icing part OF the Southern
metropolitan roule) al a compensation OF 500
per mile, or s., 700 per annum. And, traversinS
fertile region OF country through nearly its
whole length, its ireishls for The transportation OF
Produce and Merchandise, independently Of the
receipts from Passengers, afford considerable
addition 10 the ordinary sources oil 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 a reasonable return upon a more moderate
amount Of capital invested in lis purchase.
| The sale will be made witt0a nMfrs at the
time and place aforesaid, at which those in
clined 10 purchase are respectfully invited 10 at
tend.
| The purchase money must be secured hy bond
with approved .uretics. he title will be retained
as further surely until The payment o the rur-
chase money, buI possession given Immediately.
CHARLES l.. HINTON,
Public Treasurer othe State Of North Carolina,
| and Special Commissioner 81 the Count OF Esui-
| ~ in this cause.
/ Raleigh ~ c.. Oct l4-c2m