Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1885-07-20
RoAcH'S FAILURE.
ueu the News Was Received Mr.. Roach's
Investments.

ueu the News Was Received Mr.. Roaeh's
Investments.
NEw YoRE, July lS-The assignment
was the chief topic of conversation at the
cl16s and theatres last night. Lightning
out OF clear sky could not have been more
uneHpected than the announcement that
Josn Roach, who was considered ons ofthe
richest ship builders in the world, had taI-
Cd. A club man whose knowledge Of and
interest in public affairs has given hun
wide acquaintance with business men Of
he seountry. expressed himself thus to re-
porter: The announcement OF the
f.ilsre is indeed startling news to
me-. a il undoubtedly will Do to thous-
arc4 But If you viii thiGk q moment
voc I'll cone TO the same conclusion Is
uyo,n namely, that IL is nothing more than
nor{1 be expected under the circumstances.
SecretAry Whitney's action in regard 70 the
no{ek;n vas he entering point OF the wedge
Which has parted Roach from his financial
rooo<s1ys. The repeated trial trips Of the
DcloA.h; the adverse decision by the mem
bsrs a the Examining Board, and finally
tk~ 1scision OF the Attorney General, that
"a coprracts held By Mr.. Roach author
nice Mn to build four steel cruisers, now
nearly completed IN his yard st Chester, are
noU zrd void we're enough to ruin any man
uilliohs In Government Contracts.
M. Roach has expended in the construc-
don NJ these four vessels SI5,000,00O or
fza 400 GOO. Now be finds that he has on
h;< t1hds some $50, ,OO0,0O0 worth OF iron
.ela3s y hich the-s>Eerument will not buy.
AZ. koach has undoubtedly made large
lio1r> On the strength Of bis contracts with
tbe royerumeut, which be cannot nov meet.
eel evening Mr.. Roach and his two sons
wen< ID Flushing, L. L where the family
rs>.3<s during summer Mr.. Roach refused
k;c<>lf to callers during the evening. Gar
re.f Roach said on his fathers behalf:
- 4<&er hss nothing 10 say. HIS physical
.k4<:h ia such that he is crushed beneath
fxr 6.bw which has fallen on him. He will
rc<.>ee or talk with sny one Of one thing
~, >,ay rest assured, no one viii ever lose
= 1>IIar by him; but in The complications
~t;>H have arisen in his business, and the
,el.fm OF the ATTORNEY General that there
- ,>t contracts for the building Of these
xts<sk. be has been compelled 10 place his
rcocerty in the hands of trustees What
.<v<< nay become of this trouble, you may
1.s< <<sured that Justice viii be metst out
~ =. 10 whom my father Is in any way IL
MS state of Health Oae Reason
Tts Tribune says that one csnse OF the
= =; assent Is said to be Mr. Rosch's state
~ 1<4ltb. He is suffering from heart dis
X1>.< &nd fatal results were feared II he con-
t;<<1fo vorry over the supervision Of his
: ko>;n.es. His attorney, Mr. Yandepoel,
1s<> Ia contracts for the remaining three
!. ,c<;..srs viii be carried out The Tribune
s61< The assignment fen heavily on the
SEQ 1<sn at work in the Morgan Iron Works.
I<1< we're thrown out Of employment.
Tt& Ste may extend % the l,700 others
,.u1<rrtd NJ Chester, Pa A friend Of Mr..
R55e> informed as to his financial condi-
- <shiion Of the Dolphin investigation
70 ~ Roaehs health was naturally dis
cc1>l Yesterday BY his friends, one OF
u1o.t as. Mr. Roach has felt the weather
ke>o|< He has not received direct infor-
( ux<cz' '1z the action o. Secretary Whitney,
to< t armed Of it indirectly. Nov, let
w<11< ,1at know from conversations with
81 81 <;sney that he has no personal
10 Mr. Roach, bat has said that
1> 1<< forming simply What be eonsid
e,>1 ~ <nty. do not doubt that the let
~ 81 lay %. regarding the u knots'
~ - <,ke Dolphin being satisfactory Vas
: >='<<< N Commodore Harmony in the sb-
, <<@4 x NJ Whitney, who, on his return to
s IS N 4 on. expressed his Dissatisfaction.
<;'<@ y true that Mr. Roach vas not
< y directly. ard he felt aggrisyed
r., ~ faet- 1 cannot say hos tar his
- affected By the matter. l only