Savannah morning news. [volume] (Savannah) 1868-1887, 1885-07-19
JOHN ROACH
WHY HE SHOULD sCUTTIE HIS
SHIP A MYSTERY.

Three of His Preferred Creditors In.
volved to the Extent of si22 ,2i7-rho
Hands la tho Yard at Chester Not Noti-
fed OF the Action and Work NOE
Ordered stopped.
NEW YORK, July 1S.--John Roach, the
shipbuilder, who has been doing business
under the name OF John Roach & son, made
an assignment today to George W Quin-
tard, OF this city, and George Z. Weed,
OF Stamford. Conn. The assfgnor first
directs that all the wages and salaries OF
his employees be paid, and he then prefers
VIA. Rowland, OF New Brunswick, NJ,
for money loaned, work and ubor and ma.
terial furnished TO the extent of ST2,2l7. tor
part Of which ne holds, four prOmissOry
notes made hy Mr.. ROach. A pr0missory
note made by the aasiguOr, hearing date
on June 10. 1895, and PAYABLE In three
months, for 500, 900, which was discounted
by the Mechanics and Traders Bank OF
brooklyn, II also preferred. +. W Gaul-
laudet ~ Co, OF No > Wall street for
money loaned and advanced. are also pre-
ferred TO the extent of $50, ,000 which vas
loaned about June u last, $4,000 ON July
,, and $lO,000on July II.
MS GOVERNMENT CONTRACTS.
The assignment then directs the pay-
hlVHb vi an oLhtl utDAH ana iLhDillIIeb Que
or 60 become due, together with all inter-
est moneys due, including all lawful
claims against Mr.. Roach by A r. Whit
ney, Thomas +. Rowland, and James J..
Ward, George w QuintArd, and William
Rowland, for indemnity against expenses
and liability incurred by them 10y reason
OF their having become sureties, and haY-
ing executed bonds at the instance Of
the assignH and for his benefit uponi
certain RnOtTupfa nnfnga1 fuff hv
assignOr on or about the month OF July,
1883, with the United States, represented
by the Secretary Of the Navy, for the con-
structon OF three steel cruisers, known
respectively as the Boston, Atlanta aud
Chicago aud the dispatch boat Dolphin,
and the lawful claim Of the estate OF Lew
Kerr against the assiguor for aud by
reason OF an execution by Mr.. Kerr now
deceused, ofcertan bonds and coutrac t..
John Roach is at Flushing, where bis
family have summer residence. He Is
reported to be much depressed by the con-
ditOn of his affairs. One Of his sons ls
credited with the statement that his
father viii pay all creditors in full. BIT.
Roach and his friends attribute the dis
aster to the action OF the Secretary Of the
Navy and Attorney General Garland with
regard to Mr. Roach's contracts with the
United states government.
NOTHING KNOWN AT CHESTER.
CHESTER, PA. July 18.-Little, If any
thing, could be learned in this city con-
cerning the assignment OF John Roach.
The shipyard was visited, but no such
report had reached there. His son. John
b. Roach, Secretary of the Delaware river
iron shipbuilding and engine works, bod
left for New York early In the afternaonIi
The Treasurer OF the company had
no information concerning the ruulOr, and
be doubted the truthiulness Of the repOrGlf.
Eight hundred men employed in the yard
received their weekly wages as usual snd.Q
expect to 90 To work Monday m0rnpf.ie
The reduction in the force, which hast
been going On for weeks. had decreaseGi
the number just One-half. Less men WerOG
laid of tonight than for a long time. sa
AN UNUSUAL INCIDENT. uto'
The only unusual thing that took place
at the yard today was the loading OF tiis
ship Comal, built for the Mallory line,
with all her anchors, chains, ETC., aad
towing her 10 the New Jersey channel Q
after O'Clock. 1t is rumOred that the
United States Marshal either took p0sses-
sion or Will do 80 at an early day, but
this could not be verified. Those in a po- Z
stion 10 know say that Mr. ROaoh's cred-s
1t was just as good to-day a at any time
previous, and that he is not financially
embarrassed, but is abundantly able u
meet all his obligations. aii
The cause Of the towing OF the steamer
COmal out In the stream is said to arise
from some trouble between the Mallory
Company and a wrecking company which
raised the GuadalOupe. Most Of the ma
chinery from the GuadalOupe has been p
put IN the COmal, and the wreckers ara
following IL up, and hence the rumor IN &
regard 20 the United States Marshal.
AN ASSIGNMENT AT BALTIMORE.
BALTIMORE, July 1S.-Sam Il. Trayers
& Sons, ship chambers Of this city, made
an assignment to-day for the benefit Of
thoir creditors to William 5. Brian.
trustee. No bond was filed, and no esfi-
mate OF the liabilities or assets is obtain
able.
CARTERsvILLE's BANK ASSIGNS.
CARTERsvILLE, GA, July 1S.-The pri-
vste banking house Of j. j. Howard q
Son suspended to-day and assigned to IL.
a. Clayton. The assets are estimated at
100000. The liabilities are $40, ,0O0.