Waterbury evening Democrat. [volume] (Waterbury, Conn.) 1887-1895, 1891-10-21
H0EY'S STATEMENT
He Refutes Certain Charges
Against Him.
THE THREE NEW MORTGAGES
TIE Hollywood Property Has Not Been
Additionally Enenmbered.

pany is Trying to Demean Him-He is
Not Afraid of Any Action tho Company
May Take-New Developments Expect
ed Shortly.
New YORK, Oct. 21.-All the truth in
the matter of the Adams Express Com
pany against John Hoey has not yet
come to light. AS yet but one side of
the story has been heard, that of the
express company. Rumors have been
afoat that Mr.. Hoey's magnificent prop
erty has been mortgaged up to the last
penny it can stand; that all the property
is in Mrs. Hoey's name, and that what
little is left has been made over to Mr..
Hoey's son, Frederick G. Hoey. The at
ter has been his fathers right hand man
for several years past, and has for six
years managed Hollywood Hotel with its
II cottages.
Yesterday, for the first time since the
beginning of the trouble, Mr.. Hoey con-
sented 10 talk to reporter. He appear
ed very much annoyed at the statements
which have been made regarding the
mortgages on his property.
II wish to state most emphatic
that my property at Hollywood is not
mortgaged. 1t is as intact to-day as it ever
"e93 bLu IL buIuSS 20 as L Iool sure Cn0V
VIII, 1t will always remain So"
but there are mortgages on file at the
County Clerks Office in Freehold, N. J.,
are there not?''
es; but they are not on my grounds
at Hollywood. The mortgage for $48,-
OOO is on very valuable strip of land
near Monmouth Beach, fronting the
ocean. 1t has l, 300 feet on the water
front, and has always been appraised at
hAjpO worth c100 q
makes the value of the property $13O,
OOO, which is very ample security for
mortgage of $49, OO0."
''What is the $48, 900 mortgage for?"
Mr.. Hoey was asked.
Seeing that may be involved in
long litigation with the Adams Express
Company, have taken this step, after
advice from counsel, in order to protect
any persons to whom may owe bills in
Long Branch. They have always been
my best friends, and now when all my
property may be tied up, pending long
and tedious lawsuit, want to see that
they are protected. -
What about the mortgage to VIM. F.
Fliess?'
''That is one for $50, 900. 1t is Sc
cured by valuable tract of land stu
ated on the other side of the lake from
Hollywood. ] have been charged with
adding both of these new mortgages to
the one for $4,000 now held by the
Adams Express Company. This is a lie
made out of the whole cloth.''
''What is this $780, 900 mortgage?'
can old story. Over five years ago
borrowed $1,000 from the Guarantee
Trust & Safe Deposit Company of Phila-
delphia, giving them as security a mort
gage on Hollywood. The mortgage ran
out and the Adams Express Company
took it up.'
WAS this on your own recommends
ton"
mo; it was done at my request by
the Finance Committee of the company.
1t looked into the matter and reported
that the property was in every way
satisfactory, and that the security was
ample.''
''Does this mortgage cover all of
Hollywood?'
''No; own over 400 acres there; but
the mortgage represents the most valu-
able part of Hollywood
lis it true that you made out lease
for the Hollywood Hotel and cottages
for twelve years to your son Frederick?'
eyes. My son has had the operation
and full charge of the hotel for the past
six years, and he holds verbal contr act
from me to that effect. To secure him
have had lease drawn up and record
ed. With the exception of this lease
and the 500, 900 mortgage, my property
at Hollywood is free and clear, and in my
own name"
Mr. Hoey did not wish to talk about
his trouble with the Adams Express
Company, but his son gave brief out
line of his fathers position.
eff the Adams Express Company says
that the security it holds is not sufficient
for the amount of the loan, all it has TO
do is take off the attachment and we
have parties ready to take it up immedi-
ately. AS to the $10Q, 900 loan, my
father is already making arrang ements
to have that taken up.
81, too, want to emphasize the fact
that none of the new mortgages are on
the Hollywood property. There has been
no desire to transfer the property or
evade payment. Anything judicially
declared to be due to the Adams Express
Company will be promptly and glad ly
paid Mr.. Hoey is not afraid of any &C
ton the company may take, and when
| the time comes he will take care of his
| interests.
my fathers attorneys are Messrs
Root & Clark and Burrell Zabriskie &
Burrel. The latter firm is we'll &C
qualnted with the ways Of both the
Adams Express Company and the
Southern Express Company. There is
evidently a desire on the part of the new
management of the Adams Express Com
pany to do everything possible to demean
Mr.. Spooner and my father
When will the forthcoming state
ment be made public ~
| THAT 1 cannot now say; possibly my
| father may not issue one at all, but be
content to wait till the case comes up in
court.
| II, too, wish to reiterate my fathers
| statement that there have been no new
mortgages on Hollywood, and that not a
dollar of the property is in my mothers
name. am satisfied that if the attach
ments were withdrawn frinds of ours
would step forward Immediately to take
up these mortgages, as they regard the
security as more than ample.
New developments are expected in Q
few days.