Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1853-09-24
mo. d MoRAE & co.

The Raleigh Star of the 18th contains communl-
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 las independent . if not nso-
lent to the engineers backward and remiss in
the fulflment 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 hundred and seventy thou
sand dollars after paying the forfeiture the
tract; but they had idea ofpursuing such course
and so the offer was not even considered They are
gentlemen fcharacter and honor; and aside from the
violation of good faith which would have resulted
from sale of their ron they too much devoted
to the cause of improvements to think, for moment
of inf1icting such blow upon it as it would have
received had they made the sale referred to- 1t may
be that of the Company, rritaed and excited by
what he deemed unjust requirements in relation to
his work, expressed willingness to abandon the
contract; but this the result rather of feeling
than of Judgment and he is doubt now much
disposed ever to go forward and complete the
contract Some of these requirements and orders on
the part of the engineers were made, it must be
membered, after the Salisbury meeting, in which
Mr. John G. McRae threw his votes against Gov.
Morehead as Director in the Company. We Meth
er go into particulars prefer charges, but we
give the the facts leaving the public to draw their own
inferences 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 CEN
sured for not paying her instalments to the Road,
and Wilmington is blamed generally. Why is this
Is Newborn thus held up faithless to her oblga-
tons 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
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 we conclude that fall in price is not like
ly to take place for time to come. If the Pres
ident of the Central Road, as 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, as McRae & Co. fully able
to defend themselves Who this Correspondent is
we do not know and we confess not concern
ed to know He may be a stakeholder with more
prejudice than judgment; or he may be ga friend
to Maj. Gwynn and Gov. Morehead. Whoever he
is, we affectonately advise him to tary at Jericho
until his beard grows