New-York tribune., 1885-07-21
WAITING FOR MIR. WHITNEY.
MR.. RoAcRs AFFAIRS AT A srANDsTILL
TnE sHIPpuILpER REMAINS AT HoME-PRoDABiL-
ilY THAT LIE MAY RECOVER HIS HEALTH.


Practically the affairs Of John Roach are In
the hands his old friend. George K Weed to whom
with George W. Quintard, the assignment was made
Their legal aspects are watched by Aaron j. Vsnderpoc
who understood to be strong with the Administration
and who might perhaps have had foreign mission nad
he wished to abroad Whatever was the reason that
prominent Democrat chosen FOR John Rosch's adj
wiser. It is generally regarded as good thing
Garrett Roach works hourly and watches tho
issue OF affairs with careful Yesterday the old
shipbuilder RENAME In his College Point home with his
ply scans and his stephen. He slept we'll on sum
day night though It sleep Of absolute exhaustion
and he awoke In the morning greatly refreshed and In
much better spirits IL Is not to be doubted that the
serious phase OF this matter lies In Mr.. Roachs
broken health II he had been WE'LL his affairs never
would have got into such shape TO make an assign
ment necessary.
For two months before the crash came Mr.. Roach was
gradually growing fee5er In body aud excited and
perturbed In spirit He became so shattered and ner-
that he could properly attend to business and in
addition to his complications with the Government
which he looked upon effort to make him the vic
tim Of partisan fight, tho constant bounding OF GER
tain newspapers weighed deeply his mind The fact
that organized purpose existed to force the impress
sion thousands OF peops daily that he hal been
guilty Of fraudulent and corrupt dealings with the Gov
enment-a purpose against which be could provide no
adequate defence except In tho revelations OF time aud
after the harm had been done to his reputaton-almost
drove him Wild. person vino docs not wish to be
quoted. but knows his affairs Intimately said yes
terdayi
$50 far from being badly or am convinced that Mr..
Roach could pay not but twenty aud believe nifty
dollars for every one he owes"
"will he recover I"
Now that the crisis is past believe that he will
coverqnickly His moral courage Is great. At first
feared he hal received death blow. To man who has
passed sxtyave paying 100 cents the dollar.
su.la "a dfxaaf huva haeu ferri ia oh
Mr.. Weed was seen at the sHice Of the Morgan Iron
Works afternoon. He said that he had sent tee
grams to Secretary wnney asking for An Immediate in-
tsrview abolt the Dolphin aud the cruisers. He had
received reply to The tlms that he started for
his howc In Stamford Everything now depends on the
Governments action Mr.. Weed believes that the De-
has acted hastily AMI In response unjust
and absurd party hue and cry He scarcely believe
that after practical study OF tho situation the Secretary
Will persist In rejecting tina Dolphin, tho superiority OF
which he is willing to leave to ANY PRACTICAL
and unpreldced body OF naval experts. nor In assun-
ing the position that there exists contract between
John Roacn and the United states.
when asked give The rgrBUSE statement Of assets
and liabilities, Mr. Weed replied 81 cannot do that,
appro Simatey. Just yet. And yet Mr. Roachs AZ
fairs arc IN such splendid shape and his accounts
clear and busucssko taat II Is merely matter OF de-
tail to their exact condition But this Is bust
ness involving thousands but millions OF dollars.
and 1t will be a heavy work To prepare the
schedule. I will say this. however, Jonn
Roach very little money except what Is secured.
II We permitted to oonDete our cruisers upon the
understanding that there Is mutual OF RESPONSE
bity our contracts. aud that 1t Is matter not OF
politics but good business faith all around, then the
situation IL very clear II, however. tn. Departments
hslds and Ia sustained IN holding that owe them all
the money that has been paid Mr. Roach. don't know
supposinE tho latter view OF I, taken, not the
Government secured b. Mr.. Roach's bondholder r.
Mr. Weed smiled grimly. Where ther. Is no contract
the hand there can scarcely be any liability on
the other" ho said. AT least 80 Mr. VandcrPoo in-
forms me-"
Have you any plans for the resumption Of work r.
40 deinite plans. We want 20 at once and are
quite ready so far as our credit concsrnc
asrnsa We can pay our NAY Ny desE there ere :, fa OF
give ourselves concern. Everybody that We nave
siuslc creditor fears that he Will not get the full
amount OF his claim But can say nothns until our re-
lations with the Government are defined
"How much do you suppose Mr.. Roach Ia worth !"
81 suppose that he would nave Thought his property
si1 months ago worthnot much less than si.0OOVOO"
In addition to his works here and Ia Chester. Mr..
Roach real estate to the value Of about S3OOooo
company stocks. paying IRON to i2 per cent annual
dividends. which wolnformed person places at
100000 II has become fairly clear thst the assign
decided upon from careful business point OF
capital Of about s25oOooo he was dolnga business OF
900 OOO half OF which involved la his con-
tracts with the United states Confronted With the
Attorney Generals opinion that those contracts were so
much waste paper, he did not know where he stood
In wages upon work which. It was threatened.
would not be accepted He would then bo liable for
about 800 900 Of which bad been pad In cash
various portions OF he machinery spars masts
and Of The vessels which hal been proyidcdby
Government. For this he would have had four
worthless hulks. which, condemned by his nation
could scarcely be sold 70 adyanisg. to any other IL
was time prudent business mau to call halt and
find out where he stood Ifthat opinion Of Gsrands
had not been rendered. sail Of his chief advisers
yesterday, = 400 American workmen would not have
been turned into the streets last Saturday night out
would TO at work proyiding the nnest iron
cruisers known 10 modern naval science"
While The TRIBUNE reporter was talking with Garrett
Roach au old iron-ustsd, griny handed man came up
looking distressed that Mr. Roach asked him what
he matter lie answered, sueuly, "Nothin," at
first being pressed said he had behind with his
rent OF late sickness and that the snerTs
man ~ his house To put him out
"send him here" said Garrett, I'll pay him. The
nan was profuss In his thanks. thought had a |
this sort OF thing goes It has since tho shop ed
the farm will have to go too. That of yOnder |
worked for my father before was born and this IL
queer experience for him" AT o'clock IN the work
ncn paid their for Friday aud saturday.
It amounted $1,000. Each took his drib- |
let OF tho money and won't of sadly enough But on
every haud from those harl-fnced ironworkers were
heard expressions Of feeling for John Roach
over 800 employees signed IN expression OF sympathy
for afr Roach ana sent IT TO him Yesterday
The Dolphin, the Yosemite (Mr. R0achs famous steam
YACHT tbs Roanoke and Of the cruisers, the AT
anta lay IN the Eighth-st dock The Dolphin looked as
Trim and pretty the yacht No attempt has been made
by the Government to selIe her. comparison OF Mr
bids for those vessels with those OF the other
bidders is shown IN this table: