The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-27
ANOTHER ROORBACK.
FALSE REPORT OF THE FAILURE OF JOHN
ROACH.

A FALSE REPORT OF THE FAILURE OF JOHN
ROACH.
report came to this city yesterday from Phila.
delpna that Mr. John Roach, the well-known
builder OF iron steamships, mai failed. 1t did not,
however, obtain great cur cncy here and II 1t was
heard upon Wall street Gid not have any apparent
effect there. The report was supplemented, as II
to give 1t the likeness oil truth, with q
statement that Mr.. Roach's failure was
forecast in Philadelphia several months aqo,
and that at least one firm Of dealers in iron
there refused TO give Mr.. Roach credit at that
time. The report was fraught with threats OF o
new CONFUSION IN tue stock market; and there.
fore 1t was to prove or dsprove the probability OF
such an occurrence that q representative oil the
HERALD sought MIR. Roach yesterday afternoon, to
learn from him whether the report true or
false. At the Morgan Iron Works, winch place the
reporter first visited, 1t was earnefthat Mr..
Roach was at his house, apd had been
unable To leave hts room for several days. One OF
the gentlemen In tie Office Of the iron works was
questioned Us 10 whether or not Mr.. Roach was
hnanc ally embarrassed. lie answered that Mr..
Roach was not IN monetary difficulties and had
not Deen lie stated, iurtner that several reports
lmpeachlng that gcntieln sovency which had
been circulated Tor several weeks, were without
even the vestlQe OF foundation, aud then he re-
lcrrcd the reporter 10 Mr.. Roacn himself for lur.
Their iormation. Tnat gentleman was found III
his room IN his rcsuence. He appeared TO be an
invalid. Yet 10 nave been attending to some
OF the details OF his BUSINESS. AS tne
reporter entered several young clerks LETT the
room, Ia wnicn they mad apparently been acting
as secretaries. mir. Roach greeted the reporter
cordially ana When told OF the cause OF the eau
upon him he re ably undertook to converse upOu
tue subject oil his lnauclal condition. clue CONVEX.
satlon had not gone lar however, before 1t became
evident 10 the reporter t1a. All. Roach believed
that he had called merely with tue purpose to in.
form himself ana the HERALD as to the truth or
lastly oil tne report rom Philadelphia, without IN.
tending 10 communicate the Information TO the
puohc THIS nsconception beng explained away,
Air. Roach SAID -
II dad not desire to publicly deny any statements
referring 10 me "a being insolvent until they had
been gwen currency oy quotations III the news.
papers, But, as the statements are about to ap.
pear IN the ne wspapers &c IS perhaps. well for me
to reiute them AZ once. The rumor You spcaa OF
Is malicious tilsenooj. Each OF the reports. 10
tue same effect thit preceded 1t, Is OF the same
cnarac.er. Tue reports nave been designed 10
force me to become Il tool IN tne hands
OF persons VINO wofaing TO inJure
the Pacific Mall steamship Company. Nv
relations with that company are we'll known, and
nave been often asked TO assist Its enemies. |
nave as often refused 10 do 50, and now the at
tempt Is being made TO orce me. | am able
10 lesist The attempt however. NV liabilities
are only such as couid meet without difficulty
witnln TWO DAYS. Within three days there TAILS
due 10 me sum with wnich | coud meet more
than the amount OF all my outstanding notes,
ana at the end OF month snail receive rom
doctors enoueh money TO pay my liabilities
four times over. Yet, even Il these sums
mand more tnan enough funis to over
balance my debts. 10 has never been my habit to
tie up my funds. You Will from these state
mems tdat the Pacidc Mail Steamship company
cannot be reached by It's enemies tnrOug'vmc.v
lis II trde," said the reporter "tnat ,ne firm OF
(hcrc the reporter mentioned "a firm rep
yesterday In this city To be large iron dea IN
Phllade hla) rciu3cu YOU circuit SIX months AFRO IN
at Us untrue" answered Mr. Roach. Il notonly
never asked sncn At arm Tor credit nut never
heard OF ", and do not think that there Is sucu
lrm oil uon dealers III Philadelphia"