Democratic Sentinel, Volume 9, Number 26, Rensselaer, Jasper County, 24 July 1885 — NEWS CONDENSED. [ARTICLE]

NEWS CONDENSED.

Concise Record of the Week. EASTERN. John Roach, the ship-builder, has made an assignment to Georgo E. Weed and George W. Quintard. His preferred claims amount to about $122,000. No statement is made in regard to his financial condition, except that the trouble about the Dolphin, and the more recent decision of the Attorney General that no valid contract existed between him and the Government ars the causes lead" ing to the assignment. Roach has expended great amounts of money on the Dolphin and the three new steel cruisers, the Boston, Atlanta, and Ch'cago, and sees no way by which ho can be reimbursed, it is said that the trouble with the Government has preyed so heavily on his mind that it has been necessary to keep a constant watch on him. When ho found that there was no prospect of being reimbursed by the Government he decided that the best thing he could do would bo to make an assignment. He had $31,000 in bank which he drew out and paid to his men. His employes number 2,600. Petroleum lias been discovered at a depth of 1,220 feet on a mountain near El mira, N. Y. The Rev. Dr. S. Irenteus Prime, for forty-eight years editor of the New York Observer, died at Manchester, Vt., aged 77. The car-shop and other buildings of the New York and New England Railway at Norwich, near, Uoston, were burned, l oss, $200,000. J. C. Kings &■ Co.’s plaster of paris works at New Brighton, N. Y., were destroyed by flrd Saturday afternoon. The loss is placed at $200,000, with insurance of $120,000. At Hoboken, New Jersey, John Gaunt, while intoxicated, murdered his wife with a buteher-knifo. The couple hud been married thirty years, and had five children. Gaunt is in jail. In an accident on the West Jersey Railroad Engineer, Georgo Murphy, who, by remaining at his post, prevented a shocking loss of life, was killed, and a number of passengers slightly injured. Notices have been posted announcing the suspension of work throughout August of the Utica Steam Cotton-Mills and the Mohawk Valley Mills at Utica, N. Y. It is thought the suspension may continne for a longer time. Overproduction is given as one of the causes of the stoppage.