Weekly North Carolina standard. [volume] (Raleigh, N.C.) 1850-1858, 1853-09-28
mo. G. McRAE & co.

1uc IGtlelSn Quar- VI ulc lfIu COuCallS u
cation signed Justice" which is an unjust attack at
once on Jno. c. McRae & Co., on Newbern and on
Wilmington. This writer speaks of McRae & Co. as
"pet contractors "-as independent if not "inso-
len" to the engineers backward and remiss in
the fuflment of their contract and as disposed to
surrender their contract sell their iron and avail
themselves of the benefit of its enhanced value
Now we happen to know that McRae & Co. were
offered for their ron before it received by them,
amount which would have placed in their pockets,
clear profits, some one hundred and seventy thou
sand dollars after paying the forfeiture on the
tract but they had idea ofpursuing such course,
and so the offer was not considered. They are
gentlemen of character and HONOR and aside from the
violation of good faith which would have resulted
from sale of their iron, they too much devoted
to the cause ofimprovements to think, for moment
of inficting such blow upon it as it would have
received had they made the sale referred to. 1t may
be that of the Company irrtated and excited by
what he deemed unjust requirements in relation to
his work, expressed willingness to abandon the
contract; but this was the result rather of feeling
than of judgment, and he is no doubt now as much
disposed as ever to 60 forward and complete the
contract. Some of these requirements and orders
the part of the engineers were made it must be re-
membercd, after the Salisbury meeting, in which
Mr.. John c. McRae threw his votes against Gov
Morohead as Director in the Company. We neith-
or 90 into particulars nor prefer charges, but we
give the the facts, leaving the public to draw their
differences. If McRae & Co. had stood by Gov.
Morehead in that meeting, we might have heard less
complaint and the communication of Justice :"
might not have been written.
This writer sneers at Newbern and Wilmington,
and asks, ironically, if "they not making noble
exertions to redeem the State" Newbern is GEN.
sured for not paying her instalments to the Road,
and Wilmington is blamed generally. Why is this I?
Is Newbern thus held up aithless to her obliga-
tions because she preferred that Col. Thompson
should make the survey of the Beaufort Railroad and
that Maj. Gwynn should have connection with it !?
Is that the reason for this attack?
This writer also shows his sagacity by supposing
that Railroad iron will soon be as low as it was
when McRae & Co. purchased theirs! 1t is now
from seventy to eighty dollars per ton and, judg
ing from what we see in the Railroad and Mining
Journals and by what we know of the demand for
the article conclude that fall in price is not like
ly to take place for time to If the Pres
ident of the Central Road, we have shown else
where had purchased iron for the whole Road at the
time McRae & Co. purchased theirs, he would have
made clear saving to the Company of hundreds Of
| thousands of dollars.
But We do not feel specially called upon to reply
to this Correspondent, McRae & Co. are fully able
| to defend themselves Who this Correspondent is
we do not know, and we confess not concern
cd to know. He may be stockholder with more
prejudice than Judgment; or he may be "a friend
to Maj. Gwynn and Gov. Morehead. Whoever he
is, affectonately advise him to "tarry at Jericho
until his beard grows"