Hmm, still don't work

Could it be the rpm's fault?
[root@esmith sbin]# rm /usr/sbin/iauth
rm: remove /usr/sbin/iauth'? y
[root@esmith sbin]# cp /var/ircd/usr/sbin/iauth /usr/sbin/iauth
[root@esmith sbin]# chmod +x /usr/sbin/iauth
[root@esmith sbin]# ircd
ircd: error: unable to find "/usr/sbin/iauth".
[root@esmith sbin]# cd /usr/sbin/
[root@esmith sbin]# ls iauth
iauth
[root@esmith sbin]# ls -l iauth
-rwx--x--x 1 root root 30444 Jul 13 13:51 iauth
[root@esmith sbin]# ./iauth
iauth 2.10.3p3
+USE_POLL
[root@esmith sbin]# ircd
ircd: error: unable to find "/usr/sbin/iauth".
[root@esmith sbin]#