Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1885-07-19
HEAVY FAILURE.
JOHN RoAcEs AssIcNxfgr.

The Great ss,r. Buiicer Goes VHoes-"'
,,r,. An sns r,p,o,ses, and Names sew
eraI Large Preferences.
(By telegraph to the Dispatch
NEW YORK, July lS.--John Roach
the ship-buildcr, who has been do'ns
business under the name OF John hoac"
& Son, made an assignment to-day 70
George W. Quintard, Of this city, ana
George E. Weed, Of Stamford, Conn.
The assignor first directs that the
wages and salaries of all employees
be paid, and he then prefers VIII
liam Rowland, Of New Drums
wick, n. j., for money loaned,
work and labor done, and materials
furnished, s62,2l7, for apart of which
he holds four promissory notes made
by Roach. A promissory note made
by the assignor. bearing date on June
10. 1885. and payable in three months
for goo, 900, which was discounted by
the Mechanics and Traders Bank OF
Brooklyn, is also preferred. +. W.
Gaullaudet & Co.. of No. 2 Wall
street. for money loaned and advanced
are also preferred to the extent
of 900. 900, which was loaned about
June 9th last; 100000 on July I'd,
and $1,000 on the 18th instant. The
assignment then directs the payment OF
all other debts and liabilities due or to
become due. together with all interest
and moneys due, including all lawful
claims against Mr.. Roach by A. Il.
Whitney, Thomas +. Rowland, James
+. Ward, George W. Quintard, and VIII
liam Rowland, for indemnity against
expenses and liability incurred by them
bv reason Of their having become sure
ties. and having executed bonds at
the instance Of the assignor, and Tor
his benefit. upon certain contracts
entered into by the assignor on or about
the month Of July, 1888, with the
United States, represented by the Sec.
retary Of the Navy, for the construc'
ton of three steel cruisers, known re-
spectively as the Boston. Atlanta, and
Chicago, and the diSpatch-boat Dol
phin, and the lawful claim of the estate
Of Levi Kerr against the asslgnor to'
and by reason Of the execution by
Kerr. now deceased, of certain o
: bonds and contracts,
CHESTER, PA, July l9.-Littis:
ANYTHING. could be learned in this cit.
; concerning the assignment of job
u Roach. The ship-yard was visited, bu
{ no such report had reached there. HI
son, ,hhn b. Roach, secretary of tn
y Delaware-River Iron-Ship Building an
c Engine Works. had left for New ior
> early in the afternoon. The treasure
of the company had no infOrmatio
concerning the rumor, and he douo
ed the truthfulness Of the report
Eight hundred men employed IN u
1t yard received their weekly wages 1
/, usual, and expect to 90 to work Mo-
x day morning. The reduction in Il
= force which has been going on for weel
lie has decreased the number just one hal
lie Less men were laid off tonight th'
a for a long time. The only unusu
,e thing that took place at the yard to-d'
lie was the loading of the ship Com'
rs built for the Mallory Line, with all h
is anchors, chains, &C., and towing h
S to the New jersey channel after
o'clock. 1t is rumored that the Unit
States marshal either took pOsSeSSl'
IL or will DO so at an early day, but Il
could not be verified. Those IN I
Il sition to know say that Roach. ere
& was just as good to-day as at any til
o. previous; that be is rot financial
- embarrassed, but is abundantly a.
n to meet OIL MS obligations.