The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1891-10-21
HOEY'S STATEMENT
lie Refutes Certain Charges
Against Him.
THE THREE NEW MORTGAGES.
The Hollywood Property Has Not Been
Additionally Enoumbsred,


May TAks-New DevsIopemsnts Expect
cd Shortly.
New YoRK Oct. 21.-All the truth in
the matter of the Adams Express Com
pnny 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
afioat that Mr.. Hoey's magnificent prop
erty has been mortgaged up to the last
penny 1t 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 Q. 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 a reporter He appear
ed very much annoyed at the statements
which have been made regarding the
mortgages on his property.
81 wish to state most empha tically
that my property at Hollywood is not
mortgaged, 1t is as intact to-day as it ever
was and II things 60 as l feel sure they
will, 1t will always remain son
'But there are mortgages on file at the
County Clerks Office in Freehold, n. j.,
are there not?"
"Yes; but they are not on my grounds
at Hollywood The mortgage for $4S,-
600 is on a very valuable strip of land
near Monmouth Beach, fronting the
ocean, 1t has 1900 feet on the water
front, and has always been appraised at
being worth $lO0 a running foot That
makes the value OF the property $780,,
00O which is very ample security for a
mortgage of $4S, 000 "
'What is the $4S, 900 mortgage forp"
Mr.. Hoey was asked.
Seeing that ! may be involved in a
long litigation with the Adams Express
Company, l have taken this step, after
advice from counsel, in order to protect
any persons to whom l may owe bills in
Long Branch. They have always been
my best friends, and now when all my
property may be tied up, pending a long
and tedious lawsuit, want to see that
they are protected
ka ''What about the mortgage to VIM. F.
Fliess?'
''That is one for $50, 600. It is Sc
cured by valuable tract of land situ-
ated on the other side of the lake from
Hollywood. l have been charged with
adding both of these new mortgages to
the one for 100000 now held by the
Adams Express Company This is a lie
made out of the whole CLOTH
"What is this 500, 900 mortgage?"
'An old story. Over five years ago
borrowed 500, 900 from the Guarantee
Trust g. Safe Deposit Company of Phila-
delphia giving them as security mort
gage on Hollywood. The mortgage ran
out and the Adams Express Company
took it up"
"Was this on your own recommends
tion''
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
l ample"
t ''Does this mortgage cover all oi
Hollywood"
( ''No I own over 400 acres there; but
the mortgage represents the most valu
able part of Hollywood
'Is it true that you made out lease
for the Hollywood Hotel and co ttages
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 a verbal contr ac
from me to that effect. To secure hin
b I have had lease drawn up and record
I ed. With the exception of this leas
and the 500, 600 mortgage, my propert!
: at Hollywood is free and clear, and in ml
, own name.
l. Mr.. Hoey did not wish to talk abou
his trouble with the Adams EXPIRES
/ Company, but his son gave a brief out
y line of his fathers position.
'If the Adams Express Company say
that the security it holds is not sum cien
for the amount of the loan, all it has {
do is take off the attachment, and W
d have parties ready to take it up immedi
ately. As to the $4,000 loan, m
father is already making arran cement
: to have that taken up.
a 81, too, want to emphasize the fac
a that none of the new mortgages are o
the Hollywood property. There has bee
IL no desire to transfer the property G
=. evade payment. Anything judicial
70 declared to be due to the Adams EXPIRES
AZ Company will be promptly and glad
q paid Mr.. Hoey is not afraid of any AZ
y tion the company may take, and whe
2 the time comes he will take care OF hi
Y interests.
u my fathers attorneys are Messr
u Root & Clark and Burrell, Zabriskie
- Burrell The latter firm is we'll al
4 quainted with the ways of both Il
x Adams Express Company and IL
Z Southern Express Company. There
4 evidently desire on the part of the ne
Y managementiof the Adams Express Con
81 pany to do everything possible to demes
Mr. Spooner and my father"
X when will the forthcoming stat
p" ment be made public -
q "Thst / cannot now say; possibly n
,s, father may not issue one at all, but
content to wait till the case comes up
court.
81, too, wish to reiterate my father
o. statement that there have been no ne
Q. mortgages on Hollywood aud that not
o, dollar of the property is In my mother
name am satisfied that II the attAc
". ments were withdrawn frinds Of ou
* would step forward Immediately to tai
"a up these mortgages, as they regard Il