Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-10-13
The President Of Adams Express
Company Removed.
PAREELLIfES BENT ON STRIFE.
The Revolt in Montevideo Easily
Suppressed.
RUSSIA'S GROWING NAVY.
PRESIDENT HoEY REMOVER.
The Head Of Adams Express Company
Charged with Mnlfeaanncs In OmcsL

The Head Of Adams Express Company
Charged with Maifeas~ncs In oMcsl
INV YoRk, Oct i3-John Hoey. president q
Adams Express Company, was removed from
his position as president and trustee by the
unanimous vote Of the full board Of managers.
Mr.. Hoey was charged with mHifeasAnce in
Office. Clapp spooner. vice president Of the
company, rendered his resignation which vss
accepted.
Ii was during Mr.. Hoey's absence in Europe
that an Investigation was made which resulted
IN the action juet taken. The president Of the
company returned from his trip abroad on
"wednesday last and was notified the day fob
lowing that . special meeting Of the
board OF directors would be held yee-
terday and his presence was particularly
requested. IL is presumed that he knew what
was coming. for he consulted one Of his cioss
personal friends in the board, and, IL 10 said,
sought to gain promise Of support Whether
THIS promise was given or not is not known.
AT all events there was not single dissenting
voice when the question came 20 y vote.
Immediately after the meeting had bean
called TO order member OF the board who had
formulated the charges handed type written
copy 10 the secretary, who arose from his chair
ana began to read. He had not proceeded for
more than minute when President Hoey eoe
up and LETT the room. He was very much sgi-
tated-
After the reading had becn finished the mem
oes WHO acted as eecuser spoke bitterly Of The
president and the course he had pursued.
Then the vote was put and Mr.. Hoey was ~
tired from the corporation, where he had
labored man and boy, for half a century. The
resignation Of Vice President Spooner was Of
fered and accepted and the meeting adjourned
When the news reached uptown last night it
created q profound sensation among those who
were partly familiar with the affairs of the big
express company.
The trouble that has overtaken Mr. Hoey was
foreshadowed last spring in suit brought by
Henry c. Sherburne against him. Clapp
SPooner and Edward A. Taft were co-defend-
ants. The action WAS brought 10 recover q sum
OF money hpproximating a half million
dollars. Mr.. Hoey then admitted under
oath that he had been party
TO u transaction by which . syndicate Of three
men sold property which had cost them about
Sl3O,OO0 70 VIM. h. Dlnsmore. then the presi-
dent of the Adams Express Company. For
this slSO,0OO worth they received from Dins-
more and Dinsmore afterward received from
the Adams Express Company the sum of
sS5o,ooo. For this property Mr.. Hoey bad
not paid a cent. but he accepted one-quArter of
the profit thev made, which profit amounted 70
e'zO, 600 His quarter was between Sl7s,0
and $50 900.
The suit was appealed. The plaintiff and de-
fendant were interested in the New York and
which partly led to the investigation Of Mr..
Hoeys official acts.
COMPANY OFFICIALS RKrrcrSr.
The sensational events connected with the
deposition of Mr.. Hoey are shrouded In mys-
terry and the directors and officials Of that in
stitution are very reticent in giving out infor-
nation concerning it.
meeting OF the directors was held today st
noon TO consider the situation but on adjourn
ment they refused TO talk regarding it. The
oficiais and employees are very uneasy and do
N vi haf H., ~.
them.
Neither ex-President Hoey or Vice President
spooner put IN an appearance today.
Ii Is reported that a new president and vice
president viii be elected today. VIM. Dinsmors
and Henry Sanford were spoken Of o. the
probable successors TO the office.
statement will be prepared 70 be given 70
the public this evening.