The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1891-10-24
BOUGHT FROM HIMSELF.
HOW JOHN HoEY LAID UP
THE sum OF $1,000. 900.
The Ex-Prcsident OF the Adams Eek
press Company Charged with
Swindiing Stockholders

NEW YORK. Oct i9.-Judgc Patter-
son of the Supreme court to-day, upon
the application OF Henry sanford,
president OF the Adams Express com
pany, granted an attachment against
the property of John Hocy, the deposed
president OF the company, In suit 10
recover owe 100000. he attachment
Is granted ON the ground of non
residence. Mr.. Hocy's home being At
Hollyw God. N. J.
The attachment was secured upon
the affidavit of Frederick Lovejoy, the
present vice-president of the Adams
Express company. The summons at
taehed To the papers announces TO Mr..
lioey that IL he defaults In appearing
To answer To the suit judgment will be
taken against him for S7l@,b5s.5s with
interest and costs.
Mr. Lovejoy in his affidavit recites
the history OF the company, which Is n
joint stock association, and says that
Mr.. Hoey was appointed manager OF
the company on Jan. z, 1870, and has
ever since continued To act and is now
acting rs such. MIR. Hoey's elevation
To the trusteeship, presidency and
presidency is then referred to.
1t is alleged that prior To March IS,
1852. Mr.. lloey, either individually or
with other persons, acquired an in
terest in the business of the New York
and Boston Dispatch company, the
Kingsley Express company and the
Union Express company for S73,Ov5,
the full value NJ the time of the IN
terest purchased.
On that same day he sold and trans
ferred his interest 10 the Adams ex-
press company for $3.50, 900, and In his
official capacity caused this sum To be
transferred To himself and others out
OF the funds OF the Adams express
company, and by SO doing appropriated
SEQ, sO5 out OF the $3.50, 900 TO his own
use, and that of others i'm fraud of the
rights of the Adams express company
and in violation of his duties rs an
officer and trustee. This sum has been
wholly lost To the Adams express com
pany.
Mr. Lovejoy continues that prior TO
March IL, SIS, MIR. Hoey, either in
dividually or with others, acquired the
remaining interest in the three speci-
fed companies for $50, OO0. which was
its fun value at that time On March
IL, ass, Mr.. Hoey sold it to the Adams
for $500, 600. paying that sum % him
self and others while acting in an
official capac W, thus appropriating
S4c0, 900 of the $500. 900 TO his own use
and that of Others in fraud OF the
rights OF the Adams company. For
these reasons.it is alleged that there is
now due the Adams express company
from the defendant the sum OF
| s6g6, gO5.
IL Is further alleged by Mr.. Loveioy
that when isaiah c. nabcocl. the
| former treasurer OF the Adams com
| piny, dico in 1885 he was indebted 10
| INC company for about 1900. In
order To discharge his indebtedness,
babcoelS's administrators gave Hoey, in
| his capacity as an officer OF the COM
| p my, Slt,p45.5L
Hoey, it is charged did not apply
any portion OF the money TO the dis
| charge of BabcoclSs Indebtedness. nor
did he pay 10 to the company. "A he
said lloey said Mr. l.ovcioy, zap
pTopriatcd the said sum OF Sli,Oi5. 81
10 has own use and in fraud of the
rights OF the said Adams Express com
pany.p BY reason of all these facts,
| Mr.. Love oy SAYS, cause OF action cx-
ists against lloey. and the plaintiff is
entitled 10 re over -, $50. 81 with in
teresJ on , 80. from March -, 1889:
on 5000 0 from March ~, ISIS, and
| on Slt,0'h.51 from lob. !. SO.
Shcri 7 ) deputies ser ed the attach
mcnt upon officers o the southern eX-
press company, the arm6r, Loan and
Trust company and the Adams express
| company lloev had no uch IN the
| Adams and ut tho offices of tho two
other concerns IL was not known that
he had any PROF crty there. John
Ito could not 10 founl and the shcr.
In was n able TO serve the summons
uDOn him