Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1845-11-11
Raleigh a CASTOR Rail Road


ON Monday the 29ih dav OF December next hv
~ virtue OF a decree Of he Court OF Equity for
Wake County, al lis Autumn Season. is45. in a
suit Of The Governor for use Of The Stale Of Notu
Carolina, 10 toreclosc Mortgage heretofore ex-
ecued b. he Raleigh AMI CASTOR Rail Road Com
pany, 10 indemnify Inc State against certain liza
bililieS 10! said Company will sell al Public
Auclioa al The Court House door in The Civ oi Ra-
leigh ,nlie highest bidder, The whole property ci;he
Raleigh and Gaslcn Rail Road Company atole-
said, $50 far as the same is known 10 me) con
sistins OF SO miles OF Rail Road reaching from The
City of R.leish 10 Castor, on the North >de ofthr
Roanoke River, in The direct lire OF public con-
veyante 10 Petersburg, City Point, Richmond,
Washington City Baltimore, e., &c, toseihe,
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 20.
keeping up said Rail Road, and transportation on
the same. From the nature Of the property, il vii.
be sold ea mqS&.
The purchasers, by the Terms OF The Decree, ard
the Act al The Legislature in relation 10 it, will be-
come, iBso fa1ia, a body corporate, By the name
ard style OF the present Company, and will ac-
qu!e all the franchises, privileges, rights and i'm.
munities now possessed by il, for the term Of so
years, which its Charter has yet 10 iun. These
franchises and privileges ale OF The mos, advan-
tageous kind 10 liz Company, and may &c found
al large in their Charter, contained in he u Vo-
lame oil the Revised Statutes OF North Carolina
page 299, which is 10 be seen al the Seals Of Co
vernmenl, aud in most Of The Public Libraries Of
the States o! the Union.
The whole purchase ncney must bear interest
atthe rate of6 pr cent. per annum from The Jay OF
SALE and lie PAID Is follows, 10 wiz S25, COO al the
i "A - - ~, r.
menls, al intervals Of ten months each-say
Isl, 29ih June, 1916 5000.
| 2nd, 29ih April, 1917, one fourth OF ,Ae remain
der
3D. 29lh February. 1913, one fourth Of 10.
4th the 29th vi December 1913 one fourth OF do
9Th the 2Gh Of October, 1919, one fourth of do.
Tie cost Of this Rail Road ard its appUuenan-
ces, completed only five years since, was
81 500 00D-one half ot which was borrowed;
creating debt bearing interest, on failure
10 pay which, a sale has become necessary
The grading, bridges, depo.s, &c, arc execn-
ted in an excellent style OF worlma nship =
Cars run daily over it, carrying The msil of The
United States, G being parl Of the Southern
metropolitan ronie,) a, compensation Of 500
per nile, or $, 100 per annnm. And, traversing
fertile region Of country through nearly its
whole length, lis freiehls Tor The transportation OF
Produce and Merchandise, independently Of The
receipts from Passen myers, afford considerable
addition to the ordinary sources Of profits on
Railroads. Though no, now yielding a profit on
The large sum expended in its construction its
income has been Increasing for some lime past,
and il is confidently believed, thai il would pro-
duce q feaSonab" return upon more moderate
amnanl Of capita invested in its Purchase
The sale will be made ruhoIt rescJrc, a.! The
time and place aforesaid, al which hase in
ciined to purchase are respectfully invited to al
tend
The purchase money must be secured by bond
With approved :urelies. The title will be retained
as turtle. >uleiy until The pavmen! Of the pur.
chase money, bot possession given Immediately.
CHARLES L. HINTON,
Public Treasurer 1.-THE State Of North Caroline,
and Special Commissioner oi The Cou, Of Esni.
~, in this cause.
.ln;nh q Oci ld-cOm