New-York tribune., 1891-12-24
THE PROCEEDINGS AGAINST JOHN HOEI
ALL THE DEPosED PRESIDENTS PROPERTY TIED
1rpLTUF MORTGAGES.

ALL THE DEPOsED PRESIDENTS PROPERTY TIED
UP-THE MORTGAGES.
Freehold, Dec % (speciaD.-When John Hoey, the
depcsed president of the Adams Express Company,
made his settlenApt with that corporation he stans
AS be had gveA nj fighting tAs Charge made against
him, because the company had 90 compicey ued up
his property that he was unable to raise any r~e
money whatever An examination OF the onical recofdS
in the County Clerks Office here shows that IN MAKING
this statement Mr. Hoey did not exagges ate matters
The first proceedings Of Henry Sanford his successor
IN the presidency OF the company rendered Vold the
mortgage for 900 which Mr. Hoey had executed IN
favor of Michael Qulrk and Frederick C. Hoey, MS
Youngest son, trustees. the document set i'i'n
that n was given so that II Mr. Hoey wanted to raise
money the trustees mentioned In 1t could secure tle
banks The proceedings also killed the mortgage for
$50 900 given by Mr.. lIoey TO william NJ fhess, tHe
wholesale liquor dealer on Broadway, New-York, also
az trustee.
When the statements were published showing the
exact condition Of Mr.. Hoeys property and that the
two proceedngs did not cover anywhere near nall Oh
his holdings, Henry Sanford, president and STOCK
holder Instituted another suit in the United states Dis
trlc Court against Mr.. oey and had new lis pendehs
Gtd 10th here aud at Trenton The document stated
that one of the objects of the suit to secure tie
revival and reinstatement upon the property mentioned
i'm it OF mortgages given by John Hoey and his wife TO
the late William Il. Dnsmore as the president OF the
corporaon and also the revival and reinstatement ana
gnment of the mortgage given by Charles Cham
berain and wife on portion of the property also the
reassgnment Of the Fitzpatrick mortgage which mort
cages were formerly the property of William b. Dins-
more as president and to have the court declare hat
the Adams Express Company had Hen upon all the
property described in the mortgages by reason 0f the
investment Of its money In the property
The records show that Mr.. Hoey executed mort
gage on March l. 1888 TO secure Mr.. Dnsmore as tile
president of Cue company. The mortgage was for
s24 900. Two other mortgages were from Mr.. Hoey
TO President DnsmOre. They were for $4,000 each
and were executed August /, 1883. fourth mort
gage i'm the sum of $780, 900 given by Mr. lloey TO
President Dinsmore on February ~, 1854 The next
on record was dated August l. 1888, by Mr.. lioey to
President Dlnsmore, and was for 10000 also. The
! last mortgage to President Dnsmore record bears
date December 3O 1881. 1t is for $4,000.
The six mortgages we're not recorded until January
49, 1859 and the records set forth that not until
December g. 1885, any satisfaction pieces on tho
mortgages executed. They executed by Clapp
spooner and James f. English, who, trustees OF the
Adams Express Company, acknowledged that the six
mortgages had all been fully paid These satisfaction
pieces were not recorded until May ID, 1889. On the
same dsy Mr. HOey also had rccOrded satisfaction pieces
of the six mortgages signed by william b. DinsmOre as
one hut Cnose interesed at the time in the mortgages
and their cancellation of record knows why all OF these
documents kept 80 long from record after they
were executed.