The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-07-20
a etatemont of Friends.

NEW YORK, July l9.-The Tribune
says that one cause Of the assignment
is said TO be MIR. Roach's state of
health. lie is suffering from heart
disease, and fatal results were feared
II he continued the supervision Of his
business. His attorney, Mr.. Wander
pool, Gays tho contracts for the remain.
ing three cfuiaers will be carried out.
The Tribune adds: The assignment foil
heavily on the 500 mon at work in the
Morgan Iron Works. They were
thrown out of employment. This fall
may, extend TO the 400 others employ
ed at Chester, Pennsylvania.
A friend OF Mr.. Roach's, thoroughly
informed as TO his financial
condition, said: The assets are
undoubtedly far larger than the lisbil
ties. Mr.. Roach has an extremely ex-
tonsive property. He has been
obliged otGko this step because of the
condition of his health. Tho relation
OF tho Dolphin investigation TO Mr..
Rodohs health was discussed by his
friends yesterday, ono OF whom said:
"hir. Roach has felt the matter keonly.
He has not received direct informa.
tlon OF tho action ol Secretary Whit
ney, but has learned of II indirectly.
Now, lot me say that 4 know
from conversations with MIR, Whitney
that he has had no personal animus
toward Mr.. Roach, but has said that
he was performing simply what he
considered TO bo his duty. Still it is
truo that MIR. Roach was not dealt
with directly and he felt agrieyed
over that TACT. cannot say how for
HIS health was affected Ivy the matter.
/ only know that his sons have
watched him closely of late, not loav-
Ing him out OF sight"
The Tribune also has tho following:
George w. Quintard, one OF Mr..
Roach's assigueos, said last evening
at his country homo at Port Chester:
While tho fact that Mr.. Roach was
contemplating making an assignment
for tho benefit of his creditors was
known by me, for tho reason that /
had been asked to be one OF his as.
sgnees, yet l did not think IL was
coming 80 soon, Tho cause
OF Mr.. Reaches assignment is
perfectly plain and is attributable
entirely TO tho action OF tho govern
mont In regard to the Dolphin and Mr..
Rosch's desire to deal honorably with
his creditors. lie could not get any
satisfactory answer from Mr.. Whitney
rs to the disposition OF the Dolphin
matter, and as tho alleged failure of
the Dolphin was a complete surprise
to him, and seemed In somo manner
to reflect upon his honor, II preyed
upon his mind so that for
the lasv six weeks no has
not been considered by his friends To
bo in condition mentally to conduct
his business. Tho adverse criticisms
that have appeared from time to time
In the newspapers preyed upon his
mind. lie has become melancholy
and " has beon II necessary TO have him
closely watched. Mr.. Roach has about
S50O,0O0 locked up In the ships that hC
was building for tho government, ant
as the government claims that it haC
no contract with him there would bt
the Same trouble with the res
Of the ships that there has been will
the Dolphin. So, nothing, In his judg
mont, wRs left for him 10 d. but &
turn over his property TO his creditors
No schedule haa been made IN, but
believe his assets will more than moo
his liabilities, Nr. Roach hes turn Of
OveI oYory Thing and
ltR Is pENNILEss. %
Ho has not-andI L blame him for it
Ia his long business experience madi
ny provision for his fantly, ana theyi'
n common with him, have nothing.
"Will the business OF MIR. Roach b
continued"
mot at present, This is uad fo'