The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1892-02-02
NO Truth IN III.
Adams Express Company omciaIs Deny
the Hoey story.

the Hoey story.
NEW YORK, Feb. 2.-The widely pub
lished reports to the effect that ex-Presi-
dent John Hoey, of the Adams Express
Company, was to spring surprise on his
old associates May l in the shape of a
formidable business rival, to be known
as the Pennsylvania Railroad Express
Company, caused much talk among ex-
press 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
timacy with President Roberts and Vice
Presidents Cassatt and Thomson, who
were said TO be backing him in the enter
prise, and as he was made to say posi-
lively that the contract between the
Adams Express and the Pennsylvania
Railroad was a yearly one, which expired
this coming May, and could, therefore,
be handed over to him by the railroad.
Then, again, it was remembered that Mr..
Hoey Immediately after his deposition
had threatened to organize 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.
leaking out of the story. He has made
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. Mr.. Love
joy laughed at the story, but he was
plainly irritated a bit at its publication.
"Why, this thing is absurd on its
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 ork & New England road,
and Drexel, Morgan & Co., the bankers,
were associated with Mr.. Hoey in the
Pennsylvania Railroad Express com
panyy.' l 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
q
or three years to run, don't exactly re-
member which. The last misstatement
concerns the United States Express com
pany contracts with the Central Railroad
of New Jersey and the Philadelphia &
Reading Railroad company. These con
tracts have not long time to run. The
Reading contract expires Feb % and the
Jersey Central expires some time this
year. In fact my company is correspond
ing with the Reading people now in rela-
tlon to new contract "
A gentleman who is probably the fore
most railroad lawyer in the country said:
Il will tell you what l am willing to do
if am l called upon. Let Mr. Hoey and
the other gentlemen who believe that
they could make a new express company
pay organize such company and make
me their counsel, l 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 ]
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"