Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1885-07-19
.JOHNNY'S GAME UP.
John Roach, the Republican Ship
Builder, is Driven to the Wall by
Democratic Regime.
Bill Ohandlei's Henchman Assigns with
Hundred and Twenty thousand
Dollars Preferences.

New YORK, July lS.-John Roach,
the ship-builder who built the dis
batch bost Dolphin. who has been do
ing business under the name OF John
RoSch & Son, made an assignment to-
day to George w. Guintsrd OF this
city and George f. Weed OF Stamford,
Conn.
The assignor fret directs that the
wages and salaries Of sll the employees
pe paid and then he prefers Will
liam Rowland of New Brunswick,
for money loaned, work and labor
done and materials furnished, S62,-
2l7. gs, for 8 part of which he holds
four promissory notes made by Mr.
Roach.
A promissory note made by the az
signor, bearing date, June 10, 1885,, and
PAYABLE in three months, for $40, 900,
which was discounted by the Mechan'
les & Traders bank OF Brooklyn, Is
also preferred.
p. w. Gollsnda q Co. of No 2 Wall
street, for money loaned and advanced
are also preferred to the extent OF $50
900, which was loaned about June u
last, $40, 900 on July 2 and $40 600 on
the llth inst.
The assignor then directs the pay
ment of all other debts due or to be
come due, together with al
interest money due, including all
lawful claims against Mr.. Roach 10y
w. Whitney, ThOs. f. Rowland, Jas
T.. Ward, Geo. w Guintard and VIM.
Rowland for indemnity against ex
penses and liability incurred by them
by ress III Of their having become
sureties and having executed bonds al
the instance OF the assignor, and FOL
bis benefit upon certain contracts en-
tered into by the assignor or
or before the month OF July
1885, with the United States
represented by the secretary
of the navy, for the construction o.
three steel cruisers, known respective
~ as the Boston, Atlantic and Chicago
and the dispatch boat Dolphin, and tn
claims OF the estate of Levi Kerr
against the assignor by Kerr, now de
ceased, of certain bonds and contracts
The assignment was the chief topic
OF conversation at the clubs and thea
tiers tonight. Lightning out of cleal
eh1 NV idNO bCGll
pected than was the an
the man who was considered
one Of the richest ship.builders in TIT
world, had failed. A club man, whose
knowledge and interest In public af
fairs have given him wide acquaint
ance with the leading business mer
of the country, expressed himself thus
while talking to a reporter:
1.-The announcement is indeed
startling news to me, as /
undoubtedly will be to thousands o
people, but if you will stop and thinl
moment you will come 10 the sam,
conclusion as myself that il i
nothing more than could be eX
pected under the circumstances
Secretary Whitney's action IL
regard to the Dolphin was the enter
ing point OF the wedge which hs
torn Roach from his financial moor
ings. The repeated trial trips of tn,
Dolphin, the adverse dee ision 10y
the members OF the exam
lining board, and, finally, tn,
decision of the attorney genera
that the contracts held by Mr.. II oact
authorizing him to build the four stee
| CluiseiS hOW 81 hSaliJ COllDlcltu III
his yard at Chester are null and void
were enough to ruin any man. Mr.
Roach has expended in the con
struction OF these four vessel
SIS, 00O. 900 or $40 900 900 Now h
finds that he has on his hands som
$50 900 600 worth of iron clads whicl
the government will not buy. Mr.
Roach has undoubtedly made larg
loans on the strength OF hi
contracts with the government
which he cannot now meet. Thi
evening Mr. Roach and his two sons
Garrett and stephen, went to Flush
ing, l., l., where the family resid
during the summer. Mr.. Roach re
fused himself to callers during th
evening.
Garrett Roach said, in his father
behalf: Father has nothing to say
His physical health is such that he
crushed beneath the blow whicl
has fallen upon him. HI
will not see or talk witt
anyone OF one thing. You ma
he assured no one will ever lLse a dol
lar by him, but in the complication
which have arisen in his business, ant
the claim of the attorney
general that there are n
contracts for the building OF these yes
sells, he has been compelled to plac
his property In the hands OF trustees
Whatever may be the outcome yo
may rest assured that Justice will b
meted on. TO all to whom my father
| INV uay tndahfad ~