Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-10-17
HOEY IN THE COURTS.
The First Move Is the Attachment of
All His Property by the
NEW ADAMS COMPANY PRESIDENT.
Vice President LOvejoy, in His Affidavit,
Tells the Story of
MR.. HOEY'S PECULIAR TRANSACTIONS

NEW YORK, Oct 16-The Adams Ex-
press Company trouble has now reached the
courts. Judge Patterson, of the Supreme
Court, to-day, upon the application oi
Henry Sanford, the new President of the
Adams Express Company, granted an at
! tachmeut against the property OF John
Hoey, the deposed President of the Com
pany, in q suit to recover over $500, ,0O0
The attachment is granted on the ground
of non-residence. Mr.. Hoey is at his home
in New Jersey. The attachment was Sc
cured upon the affidavit of Frederick Love-
joy, the present Vice President of the
Adams Express Company. The summons
attached to the papers announces to Mr..
Hoey that, if he defaults in appearing to
answer the suit, Judgment will be taken
against him for S742,9 $50 81, with interest
and costs.
THE HISTORY OF THE COMPANY.
Mr.. Lovejoy, in his affidavit, recites
the history of the company, which
is joint stock association, and
says that Mr. Hoey was appointed man.
ager on January Z, 1870, and has ever since
continued to act, and is now acting as such.
Mr.. Hoey's elevation to the trusteeship,
vice presidency and presidency is then re-
ferred to.
1t is alleged that prior to March %, 1882,
Mr.. Hoey, either individually or with
other persons acquired an interest in the
business of the New York and Boston Dis
patch Company, the Kingsley Express
Company, and the Union Express Company
for S73,095, the full value at that time of
the interest purchased. On that same day
he sold and transferred this interest to the
Adams Express 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
in so doing appropriated S276, ,9O5 out of the
$3.50, 900 to his own use and that of others,
in fraud of the rights of the Adams Express
Company, and in violation of his duties as
an officer and trustee. This sum has been
solely lost to the Adams Express Company.
Mr.. Lovejoy continues that prior to
March IL, 1888, Mr.. Hoey, either individ-
ually or with others, acquired the remain
ing interest in the three specified companies
for $50, 900 which was its full value at that
time.
On March 10, 1888, Mr.. Hoey sold it to
Une AuhiHs lOT SoUUjuuU, pay Ing tntG SUN W
himself and others while acting in an Off
cial capacity, thus appropriating S45O,O
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
S696, 800.
1t is further alleged by Mr. Loveioy that
when Isaiah G. Babcock, the former treas
urer of the Adams Company, died in 1885,
he was indebted to the company for about
Sic, 900. In order to discharge this indebt
ness, Babcock's administrator gave Hoev
in his capacity as an officer of the company,
S16,O45 81. Hoey, it is charged, did not
apply any portion of the money to the dis
charge of Babcocks Indebtedness, nor did
he paw it to the company. ;'The said
Hoey," saws Mr. Lovejoy, appropriated
the said sum of SIG, 045 81 to his own use
and in fraud of the rights of the sa id
Adams Express Company" By reason of
all these facts, Mr.. Lovejoy says, a cause
of action exists against Hoey, and the plain
tiff is entitled to recover S712, $50 81 with
interest on S276, 800 from March %, 1882;
on $500, 900 from March 12, 1888, and on
SIG, ,045 81 from February 1, 1886.
Sheriff's deputies served the attachment
upon officers of the Southern Express Com
pany, the Farmers Loan and Trust Com
pany and the Adams Express Company.
Hoey had no stock in the Adams and at the
offices of the two other concerns it wasn't
known that he had any property there.
John Hoey could not be found, and the
Sheriffs' were not able to serve the sum-
mons on him.