The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-07-19

health was affected by the matter,
only know that his sons have watched him
closely of late, not leaving him out of sight"
The Tribune also has the following: Geo.
W. Quntard, one of Mr.. Roachs assgnees, said
last evening at his country home, at Port Ches-
ter: While the fact that Mr.. Roach was
contemplating making an assignment for the
benefit of his creditors was known to me, FOR
the reason that had been asked to be one OF
his assignees; yet did not expect it 50 soon.
The cause of Mr.. Roach's assignment is per
fecty plain and is attributable entirely TO the
action Of the government IN regard TO
the Dolphin and Mr.. Roachs iesise to deal hon
orably with his creditors. He could not get any
satisfactory answer from Mr. Whitney as to the
disposition of the Dolphin matter, and as the
alleged failure of the Dolphin was complete
surprise to him, and seemed in some manner to
reflect upon his honor, it preyed upon his
mind go that for the last six weeks he has not
been considered by his friends to be in condi
ton, mentally, to conduct his business. The
adverse criticisms that have appeared
from time to time in the newspapers
melancholy and it has been necessary to have
him closely watched. He could not stay in his
house and two men, one in front and the other
behind him, have accompanied him wherever he
has gone. Mr. Roach has about 5000, 900
locked up in the ships that he was building
for the government and as the government
claims that it had no contract with him. there
would be the same trouble with the rest of the
ships that there has been with the Dolphin. So
that nothing, in lis judgment, was left for
to his creditors . What are his
assets and liabilitiesY That I cannot
answer yet, as no schedule has been made up.
But believe his assets will more than meet his
liabilities. Mr. Roach mas turned over~every-
thing and is penniless. He has not-and blame
him for tin his long business experience, made
any provision for his family, and they, in COM
mon with him, have nothing
" is there any probability, in case some salts
factory arrangement could be made with the
government, that Mr. Roach Will resumed
"'No; do not believe that Mr.. Roach could
60 with his business, on account of his men
tai troubles. He is not able to do anything
"'Will the business of Mr.. Roach be con-
tinuedp
'"Notat present This is sad feature of the
affair, as it throws about $500 men out of en-
pioyment at a dull time of the year."
Nothing Known of the Matter ut the Yards.
CHESTER Pa. July 1S.-Little, if anything,
could be learned in this city concerning the as
signment OF John Roach. The ship-yard was
visited, but no such report had reached there.
His son, John B. Roach, secretary of the Della
ware River Iron Ship building and Engine
Works, had left for New York early in the after
noon. The treasurer of the company had no
information concerning the rumor, and he
doubted the truth of the report. The 800
men employed in the yard received their
weekly wages usual, and expected to
go to work on Monday morning. The reduction
in the force which has been going on for some
weeks, has diminished the number just one-half.
1t is rumored that the United States Marshal
either took possession, or will do so, at early
day. but this could not be verified. Those in
position to know, say that Mr.. Roach's credit
was just as good to day, as at any previous time,
and is abundantly able to meet his obligations.