Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1885-07-24
BROKEN DOWN BY WORRY,
John ROACH MAkEsAN ASSIGNMENT,
The Builder of the Dolphih Turns HIS
Property over to His Creditors-secre-
tary whitney's Action the cause
of the Trouble.

NEW YORK, July 19.--John Roach, the
famous builder of iron ships under con
tract with the navy department. made an
assignment of his property for the benefit
of his creditors, on Saturday afternoon.
The assignment names as assignees Geo.
w. Quintard and Geo. f., Weed, and gives
preferences to the amount of Sl23.2lL The
wages and salaries of employees of the
assignors are first directed to be paid and
then these preferences are made WIN.
Rowland of New Brunswick, y. j., for
money loaned and work and labor done
and material furnished, for part OF which
he holds four prOmissOry notes S62,@lI
promissOry note dated June 10, lsN5, and
PAYABLE in three months, which was dis
counted at the Mechanics and Traders
bank of Brooklyn for $4,000 CIV .Galau-
Diet x Co. for money loaned ana advanced,
$4,000 The assignment directs the pay
ment of all other debts and liabilities due
or to become due, including all lawful
new. Thomas +. Rowland, James f.
Ward, George W. Quintard and William
Rowland for indemnity against liability
incurred by them by reason of their haN-
ing become sureties for Mr.. Roach upon
the contract he entered into i'll July 1884,
tion of the steel cruisers, the Boston, the
Atlanta and Chicago and the despatch
boat Dolphin.
This notice was posted on the the out
side of the Morgan iron works III East
9th street late on saturday AFTERNOON :
wages of workmen for Friday and sat
urday will he paid on Monday. The works
will be closed until further notice
Mr.. Roach fled from intervlewers
to his country residence on the Sound,
but late in afternoon Mr.. Garrett Roach
one of his sons. said that his father was
broken down physically from recent
worry and care. As to their assignment,
he said that the complications arising
from the decision OF Attorney-General
Garland, stating that they have no con
tract with the government, had decided
them to place their property in the hands
of trustees for the interest of the firm and
their creditors. They would turn over all
their property to their creditors, he said,
and would pay every cent they owe. lie
did not consider that the finn had failed,
but that the assignment was merely an
accommodation to the firm under the
circumstances
Mr. Quntard one of Mr.. ROach's as
signees, stated that Mr.. Roach's mis-
fortune was due to the action of Secretary
Whitney, concerning the Dolphin, Besides
he said their was considerable money due
Mr. Roach from the government,
including $4,000 on the Dolphin,
$4,000 for repairs upon the old double
turreted monitor Puritan, $66,OOO on the
Atlanta, as much on the Boston and sob,
600 on the Chicago. Judging from the
action already taken by Secretary Whit
ney, Mr.. Roach feared he should have
those vessels thrown upon his hands also
This uncertainty as to the payment of
money due him was the immediate cause
of the assignment.
Mr.. Aaron j. Nanderpoel, one Of Mr.
L.. 1,,,. hat tp il
very sick man and he would not be sur
prised to hear of his death at any hour.
He has, he said, been bounded and har
raised beyond endurance. Mr.. Roach, he
said, was an honest man and will pay
every penny he owes. q He could pay two
for every one dollar he owes. Neither the
government nor anybody else would lose 4
penny Mr. Quintard said that Mr.. ROacl
was very much affected and in fact, com
pletely broken down by his misfortunes
No statement as to his liabilities has ye'
been made
Secretary whitney Feels Sorry but Can
not Help Mr.. Roach.
BosToN, July 19.-The Heralds New
port special gives the following as Score
tary Whitney's reply to a question AZ t
the probable effect of the Roach failur,
upon the government. Secretary Whit
ney said
~ do not think it will have any effec
upon the government. | am sorry 70
Mr.. Roach. | am always sorry when
man falls into such difficulties. The gov
eminent has one vessel in his shipyarC
and two at New York building, but tn
amounts are nearly all paid on them.
saw in morning paper that Nh Roacl
thinks | am responsible for the trouble, o
mt least that could give relief, but til
government owes only the amount still
dine ON the lJOIDnin which would not D
enough to put him upon sure ioOtln
again. The affair is unfortunate, but
cannot help him.