New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-10-13
EXPRESS COMPANIES TO FIGHT.
JOHN HoEy AND THOMAS G. PLATr ouTLlNE L
THE POLICY OF TWO CORPORATIONS.

JOHN HoEY AND THOMAS G. PLATr OUTLINE L
THE POLICY OF TWO CORPORATIONS.
John Hoey, Of the Adams Express Company, yester'
day outlined the future policy of his corporation,
which will be war to the knife against the onited
States and other express companies competing win the
Adams Our new contract for the business OF nan
tbe mileage of the Chicago Milwaukee and ST. Paul
Railroad which goes into effect in November" ne
said to Tribun. reporter "is only the beginning OF
the end II is an old story OF express war brought
about by the United States Express Company break
ing through It's territorial agreement made with the
Adams and American Companies. President Platt
broke ND the Delaware Lackawanna ana "cstcrl
Express and destroyed the territorial agreement With
cut consulting the other companies ana mas peeh
wildly acquiring territory by mileage regardless OF
cost looking forward TO the establishment OF an ex-
press trust which has been uppermost In his COM
pany's plans for time. He thought that ihe
more mileage he acquired the greater would be his
share of the trust II such should be formed Inc
cause OF what termed the express war is 'hs action
Of the United States Company, and they have now 10
take their own medicine
Mr. Hoey In answer TO a question, SAID: IL ~ true
that l have just returned from Europe where have
been in company with Colonel NJ. O'Bnen, vice-
president of the Southern Express Company, and the
object of our visit TO lay plans for the extension
Of the Adams Express Companys business into Europe
OF course II will take time, but we shall eventually
educate the English people up to our express SYSTEM
but cannot enter any details as to our plans at
present.
President Platt referring to the express war, last
night said The territorial agreement referred TO Is
an old and obsolete instrument which the ADAMS
Company had at their Will, violated over and over
again They had no rights in Chicago or Cleveland
under that agreement and treated the protests OF the
American and United States Companies with con-
tempt. If any such agreement had any binding power
they could have sought redress In the courts Ihey
made a deal with the Erie road to cut of the united
States Company from the West. They could not have
got their new contract with the ST. Paul road without
the consent of my company the territory had been
conceded to us at less price than they pay for IT, but
we knew that company could possibly earn within
$3.50 600 a year OF what the Adams Company agreed
to pay s, We declined the territory. We have the
Minnesota ard Northern and Rock Island Alocrs lea
route), which better territory Ihclr flIufe op
position be stronger than that OF the past
year. We shall soon cover all The important oou'h-
eTn points touched By them ,... .s =
our policy will be In the past aggressive ana
enterprisng, and shall continue to earn and pay
the dividends stock we have done 1or twenty
five years 1t is an old stale falsehood Of Mr Hoey
with reference 10 express trust dc mas reiterated
this untruth until he very likely believes 1t to be true
Our company advocated such policy or thought
seriously Of IL for moment