The new North-west. [volume] (Deer Lodge, Mont.) 1869-1897, 1885-07-24
JOHN ROACH ASSIGNS,
The Result Of Whitney's Brilliant partiran
Stroke,

NEW YORK, July 1s.-John Roach, the
famous ship builder, made an assignment
to-day to George w. Quintard and George
George E. Weed, with preferences Of about
$122, 900.
The assignor first directs that the wages
and salary Of all employees be paid, and then
he prefers William Rowland, of New Bruins.
wick, N. j., for money loaned, work and
labor done and material furnished, S62, PIT,
for part Of which he holds four promissory
notes made by Mr.. Roach promissory
note made by assignor bearing Gate of June
10, 1885, and payable in three months, for
$4,000, which was discounted by the Me-
chanics and Traders Bank of Brooklyn, Is
also preferred; p. w. Gallaudst and Co., for
money loaned and advanced, are also pre-
ferred to the extent Of $780, 900, which was
loaned about June q last, $4,000 July 2,
and $4,000 on the 18th inst. The assign
ment then directs the payment of all other
debts and liabilities due or to become due,
together with all interest money due, ipclu-
ding all lawful claims against Roach by w.
X. Petry, Thomas F. Rowland, James Z.
Ward, George w. Quentard and William
Rowland for indemnity against expenses and
liability incurred by them by reason of their
having become sureties, and having executed
bonds at the instance of the assigns and for
his benefit upon certain contracts entered
into by asslgnor on or about the month Of
July, 1888, with the United States, represen-
ted by the Secretary Of the Navy, for the
construction of three steel cruisers, known
respectively as the "Boston," "Atlantic" and
"Chicago," and the dispatch boat, "Dolphin,"
and the lawful claims Of the estate of Levi
Kerr against the assignor by Kerr, now de-
ceased, on certain of the bonds and contracts.
CHESTER, PA, July 1s.-Little, II any
thing, can be learned in this city concerning
the assignment of Roach. His son, John,
Secretary Of the Delaware Iron, Ship Build
ing and Engine Works, started for New York
early In the afternoon, and the Treasurer of
the company had no Information concerning
the matter, and even doubted the truth Of
the report. The 800 men employed in the
yard received their weeks wages as usual +,
and expect to 60 to work on Monday morn-
ing. The reduction in the force, which has
been going on for weeks, has decreased.
Just one. half less men were laid off to. night
than for long time. The only unusual
thing that took place at the yards to-day was
the loading Of the ship, built for the Mallory
line, with all her anchors, chains, etc., and
towing her to Jersey Channel after 5 o'clock.
IL is rumored that the United States Marshal
either took possession or will do so at an
early day, but this Is not verified. There
are persons in q position TO know who say
that Roach's credit was jast as good to- day
as at any time previous; that he is not finan-
cially embarrassed, but is aSundantly able
to meet all obligations. The cause of the
towing Of the ship out into the stream Is also
said to arise from some trouble between the
company and the wrecking company which
seized the "Gsudslupe." Most of the ma.
chinery from the "Gaudalupe" has been put
in the ship and the wreckers are following 1t
up. Hence the rumor in reference to the
United States Marshal. The trouble, 1t is
said, will be cleared up in a few days, and
all 60 on as usual at the yards.
CHESTER, July 20.-The workmen at
Rosch's ship yard gathered about the gates
TO 60 to work as usual this morning, but
only 1872 were given employs ent. About
300, some from nearly every department, had
to go home. Most of those retained were
sent to the steamer Comal by August Is, as
she Is expected to 60 to New York at that
time, when the yard will close down. The
government cruisers look deserted, no sound
of the hammer being heard about them.
Roach says work will not be resumed on
them unless ordered by the government. 1t
Is stated that the men who went to work
this morning did so with the understanding
that they would submit TO reduction of
wsges. All who were laid of were paid off
In full this evening. The streets all day
were crowded with idle people discussing
the gloomy outlook.