Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1854-11-15

~ We copy from the last Wilmington Journal
the following notice of the late meeting of the Stock
holders of the Wilmington and Raleigh Railroad
Company:
"TRE STOCKHOLDERS MEETING.-The official pro-
ceedings of the meeting held at the Court House
yesterday have not yet been received We state the
substance of the most important business. The re-
port of the President and Directors received and
referred to committee, who made report thereon,
through their Chairman, DR.. f. j. Hill A resolu-
tion nstructing the President and Directors to me-
morialize the next Legislature for an amendment in
the Charter of the Company giving the election of
the President to the Board of Directors, was mega
lived by large VOTE resolution to raise the sal
airy of the President to $780, also an amend
ment to that resolution making it So, 0O0 were lost
At the evening session, commencing at seven o.
clock, election was had for President and Board
of Directors Hon. VIM. S. Ashe, having received
majority of all the votes cast, was declared duly
elected President of the Company for the ensuing
year. The candidates voted for were-Hon VIM.
S. Ashe, VIM. A. Wright and John G. McRae, Esqs.,
and General James Owen. Previous to the vote of
the State having been cast the vote Stood as nearly
recolect, about, folows:-Mr. Ashe, some
thing over thirty hundred Mr.. Wright, between
twenty-nine hundred and three thousand-the bal
of the individual Stock being divided between
Mr.. McRae and Gen. Owen. The State then voted
for Mr.. Ashe which gave him decided majority
of all the votes cast.
After the election of President the Stockholders
proceeded in the election of Directors the old
Board being elected, with this difference, GeGc-
raj Alexander McRae was chosen in place of Mr..
Wright who has been appointed Director on the
part of the State.
Naturally enough perhaps, there was some feeling
in regard to the election of President. But this will
pass away to great extent, it is the obvious in
terest of all concerned that should do So and
should consider ourselves ineXcusable if willing
ly used any expressions calculated to perpetuate
other feelings than those tending to the promotion
of harmony and goodwill. The new President, we
feel confident, will have fair showing, and we feel
equally confident that his best exertions will be used
to justify the choice which has been made, and to
merit the confidence reposed in him.
A sense of justice demands that we should accord
to Gen. McRae the need of praise which he has fair
ly earned by the fathfulness and ability displayed in
his long and successful administration of the affairs
of, the Wilmington and Raleigh Railroad company
its president. He carries with him into his re-
tirement the respect and gratitude of the Stockhol-
ders. :"
The Wilmington Herald appears to be greatly dis
tressed because the Hon. w. S. Ashe, Democrat,
has been elected President of this Road. That pa
per to be obivious of the fact that the Road
has been for years under Wing President; yet we
do not believe Gen. McRae ever used, or that Mr..
Ashe will the position for the purpose of carry
ing forward party schemes. The Herald says
things simply because Democrat has been elected
to the post If Mr.. Ashe had been Wing we
should have heard complaint. Most consistent,
most liberal, most patriotic Herald! Most devoted
newspaper to Railroad improvements when presided
over by Wings; most fearful newspaper as to in
vestng capital in Railroads when principal offices"
therein are conferred upon Democrats!