Waterbury evening Democrat., 1892-02-02
NO TRUTH IN T.
RdaDs Express Company Officials Deny
 the Hoey Story.


 the Hoey Story.
 NEW YORK, Feb. 2.-The widely pub lished reports to the effect that ex-Prcsi- dent John Hoey, of the Adams Express Company, was to spring a surprise on his old associates May in the shape of g formidable business rival, to be known as the Pennsylvania Railroad Express Company, caused much talk among ex- rTess and railroad people. The plan as outlined. in the reports bore many evil dences of genuineness, as it was known that he had long been on terms of in ti macy with President Roberts and Vice Presidents Cassatt and Thomson. who were said to be backing him in the enter prise, and as he vas made to say posi- lively that the tract between the Adams Express and the Pennsylvania Railroad was yearly one, which expired this coming May, and could, therefore be handed over to him by the railroad Then, again, it was remembered that Mir. Hoey immediately after his deposition had threatened to organize a new com pany which would "knock the Adams people out, ,'' and his character for energy and aggressiveness made it very probable that he would do his best to carry out his threat.
 MT. Hoey is much wrought up over the
 
 several heated remarks about the people who had made the thing public property, but he declined absolutely to confirm or deny the report.
 All of the Adams Express Company officials are either out of town or unwill- ing to be seen with the exception of Vice President Frederick Lovejoy. MT. Love joy laughed at the story, but he was plainly irritated bit at it's publication.
 ''Why, this thing is absurd on it's face,'' said he. "The first misstatement is that President Roberts and Vice-Presi- dents Cassat and Thompson of the Penn sylvania road; President Austin Corbin of the New York & New England road, and Drexel, Morgan & Co.,, the bankers, were associated with Mir. Hoey in the Pennsylvania Railroad Express com panyy.' I have heard from all these gentlemen in the last twenty-four hours and they all assured me that they had nothing whatever to do with the scheme, had heard nothing of it except from the published statements and would have nothing to do with it.
 ''The next misstatement is concerning our contract with the Pennsylvania Rail road company. That is not yearly but a ii year contract, and it still has two or three years to run, don't exactly re- member which. The last misstatement concerns Ghe UnlJeQ 0UaCeS Express com pany contracts with the Central Railroad of New Jersey and the Philadelphia & Reading Railroad company. These con tracts have not a long time to run. The Reading contract expires Feb. 28 and the Jersey Central expires some time this year. In fact my company is correspond ing with the Reading people now in rela- tion to a new contract.
 A gentleman who is probably the fore most railroad lawyer in the country said: ''I will tell you what I am willing to do if am I called upon. Let MT. Hoey and the other gentlemen who believe that they could make new express company pay organize such company and make me their counsel. I will then take a copy of the Interstate Commerce law under my arm and go to the offices of every railroad company and politely de- mand that they give my company per mission to use their lines to carry it's goods am reasonably certain that l could make them as common carriers give as great facilities for transporting it's parcels from State to State to my clients as to any express company with which they have an exclusive contract"