The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1885-07-19
ROACH ASSIGNS.
vi. Rejection Of the Dolphin
Ill' " Has its Effect
,nsH,yIsrAN QUESTION
vorh-TroubIe with IeAi'
Hotla Ne" Cholera - Baseball
''"' otherNews Items


u 1ulv15.-John Roach, the
SEF . 9In' builder, made an assign,
famous sa,' 70 George W. Quintard and 10
mem I.,s " +. Weed, with Prei'-
sboutjl253 OvJ; ship builder, who built
Jo1Ial .n Itch boat DoLPhiai VINO i NE no Of
the a 9iog business under the nair ~ NJ
been qon neb a Son. made an as .3e n;t,
John koa a W Odintard. OF thlS Guy ,
to george VI Weed, of Stamford,
and 0f ne assigner first directs tnas
Conn. IhS ms, IS sSlaries of all employees
tae o s15 and then he prefers " M TO for
f ps Rl'I Of New Brun7wicS' ,a ~ o., dome
lanu, - loaned work and Ia9 9T1 4 for
money .t tor]i furnished, $62,2lI. ior
anu ma oi which he holds lou Poa pr
part o. Dotes made by Mr.. hoacn'
nlssofy nO' note made by asslgneT,
PROMISES ste Jane 10. 1885, and payable
bearing u l..tnIh for $4,000, which was
discounted By "a = 2cnaniIc so a areferred
u u.s RANK OF Broo klyn' is also PreleI[ IRE
q W GalIandel & Co., Tor no. tS;y. 20" 20
n n o " advanced are also preferred I "
t ~ D aTtent Of $4,000 which was I1an o5
Il NEE e11 Tnne 27th last, $40. 600 July "a
aO3u s,O G 00G on the 18th inst. The as
ana SiOV0y Jb T directs the payment OF
81 ~ the a.bor debts and Liabilities, due or 10
b ll due including all lawful c IAN
ogsinst Roach by W. f. Pltney; d dnGs'
+ Rowland. Jas. E. Ward, Geo. " ,Qut II
tord SC and VIM. Rowland for indemnify
.arj r'tT EXPENSES and liability incurred
az the tbem 4. reason of their having pc,
O " snreties and having executed
bonGs at the instance of the asslgnor
and for his benefit, upon certain con-
tracts entered into by the aSsignor oH
or about the month OF July, 1860; WIN
The limited States, represented by the
Secretary of the Navy for the construc-
ion of three steel cruisers, known re-
spectiyeIy as the Boston, Atlanta ana
chicago, and the dispatch boat Dolphin.
and the lawful claims of the estate oil
of Levi Kerr against the aSSlgnor by
Kerr. now deceased, on certain Oh the
bonds and contracts.
The assignment was the CHIEF topic OF
conversation ut the clubs and theatres
tonight Lightning out Of clear sky
could not have been more unexpected
than was the announcement that John
Roach. who was considered one of the
richest shipbuilders in the world, had
failed. A club man whose knowledge
OF and interest in public affairs
has given him q wide acquaintance
with the leading business men of the
country, expressed himself thus while
talking with a reporter: The an
nouncement OF the failure is indeed
startling to me, and undo lb.edly will be
to thousands Of people, but II you stop
and think moment you Will come to
the same conclusion as myself, namely,
it is nothing more than could be ex-
pected under the circumstances.
Secretary Whitney's action IN regard
to the Dolphin was the entering wedge
which has torn Roach from his financial
mOorings. The repeated trial trips OF
the Dolphin, the adverse decision by
members Of the examining board, and
finally the decisions of the Attorney
Generallhat the contracts had by Roach
authorizing him to build the four steel
Crulsere now nearly complete in
his yard ut Chester are null
and void, ware enough to rum
any man. Roach has.expended in the
construction Of these four vessels SIS
100000, or so ,00O,OO0. Now he finds he
has on his hands some $4,000 coo worth
Otiron clads, which the government will
not buy. Roach has undoubtedly made
large loans on the strength of his con-
tract with the government, which he
cannot now meet"
This evening Mr.. Roach and his two
,ons; Garrett and Stephen, went to
Flushing, L. l., where the family
resides during the summer. Roach
reused himself to callers during
me evening, but Garrett Roach said i3
aus fathers behalf: Father has nothing
y say. His physical health is SUCH
slaI ne IS crushed beneath the blow
sas' has fallen upon him. He will not
zee see OF talk with any one. OF one thing
5 !u!H may, rest assured. no one
y; Mul ever lose dollar but him. but
-. ~ .Ae complications which have
o. a;''el In his business, and the claim
H. ne Attorney General that
NH mil are no contracts for the
Dsiio5 '.S Of the vessels, he has been COM
p ii teo % place his property in the hands
Corao 1,.s5s, Whatever may be the out
sn 1,,,s y, MS trouble, you NAV rest as