New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-22
JOHN HOEY'S SETTLEMENT.
MORTGAGES FILED IN MONMOUTH COUNTY.
THE LONG BRANCH AND HOLLYWOOD PROP
ERTIEs CovEREl
,sY TELEGRAPH TO TIE TRIBUNE,


Freehold, n. j., Dec al-The official records
Of Monmouth County here show that John hoey,
the deposed president Of the Adams Express
Company made his settlement with that corporation
last Friday by giving mortgages all his property al
Long Branch and Hollywood Park, near Eiberoh ING
mortgages have been sent here for record by inc a"
yers I'M the employ Of the express company Inc
mortgages aggregate sj5 O00 and cover all the pieces
Of property but the big search made few weeks ago
at the order OF the lawyers employed by the express
company showed that the first mortgage filed was Tor
10000 1t is signed by John HOey Josephine iioey'
his wife, and Frederick Hoey. his youngest son. IL Il
made payable on or before January l, 1907 ana IS
made 10 Henry Sanford president OF ue A"aNl-
Express Company 1t covers thirty pieces Oh property
and all the buildings and improvements thereon bears
interest at the rate Of per cent PAYABLE eemhnua
In Mr.. Hoey his heirs do not keep the oiunss
properly insured the express company VIII nave te
right to exact per cent interest and out OF inc extra
per cent secure the protection rom hre'
The second mortgage is drawn to MI sandiofu a.
president Of the Adams Express Company by the same
persons and upon the terms II i for sIo'oo"'
The third mortgage is signed By John Hoey JosepHne
Hoey, his wife, Frederick C. Hoey, and henrg IT,
Wiley Of New York to Mr. Sanford as president sno II
for So 600 The terms stated are the same rs 'hosc
set forth in the other two mortgages
An assignment has also been filed for recom' oy
of New-York who is said to be the treasurer Oh INC
Adams Express Company, mortgage gwen 10 Slu
Wiley by John Hoey. The mortgage mentioned III oiis
assignment is for 5000, and covers the same prop
erty mentioned in the mortgage given TO ffeslueh'
Sanford BY the Hoeys aud Mr. Wiley. John hoey
signed the three mortgages as the owner OF 'he prop
ertv mentioned therein Frederick C.. Hoey
signed them so as to release all interest
that the official records of the county could show
that he held in any Of the tracts Of lana mehuohed
In the three documents. Mrs. Josephine hOeS' ps
afxing her signature TO the three mortgages Simply
released her dover right in all of Mr.. IOeys Long
Branch and Hollywood land and cottages. The morn
gages profusely placed on record against Mr.. Hoeys
property aggregate about $4,000. including the one
for 800 900 which the Adams Express Company pur-
chased from the Guarantee Trust and safe Deposit
Company OF Philadelphia.
The lis pendens filed by the Adams Express Com
pany against Mr. Hoey's property several weeks ago
cut out a mortgage gwen by Mr.. HOey TO Michael
Quirk his superintendent at Hollywood, and his son,
Frederick c. Hoey, trustees, for $4,000 ana one
given to william VI. F1ess. the wholesale liquor ae;ie
on Broadway, trustee. for $}OOOO When tile hs
pendens is cancelled OF record BY the legal n0ce on
the abandonment by the express company the eiht,y
mortgage Indebtedness against the property Is OILY
s3Oo.O00 Mr.. Hoey's equity In the propeJys Is esn
mated BY competent judges mt nearly SJUoOcp b9 ,he
terms OF the morgn executed saturday to the eN
press company by Mr.. loey the latter VIII reth iui
control of Hollywood Park and It's cottages
bridgeport Conn. Dec. 21 (Speciall.-Messrs. Stod-
dard, Bishop shelton counsel for President Henry
Sanford i'm TIE case of the Adams Express Company
agt. Capp Spooner, said to-day The report that Mr.
Spooner had offered TO settle the suit now pehulhs
against him is not true Although we would no'
refuse 10 listen 10 such proposition 81 uld MT.
spooUer make the Overtures none a. yet nave pee,
IS reported In this city that an agreement OF s9o sOrt
had been entered into, If not completed