St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-31
ONLY A CASTLE IN THE AIR.
The st. Paul Day Closes ITS Brief Ca
reer. and Turns over Its Good
will and other Appearances
to the Dispatch Es-


will and other Appearances
to the Dispatch Es-
tablishTnent.
The Day newspaper which was started IN
st. Paul several weeks ago ceased TO exist as
a paper, at midnight on Monday night last,
by an arrangement made at that time be-
tween Mr.. Castle of the Dispatch, and Mr.
Nathan Cole, Jr., the manager of the Day, to
whom all the property OF the paper had been
transferred in consideration that the latter
would pay certain debts owed by the con-
Germ. The cause Of this arrangement
grew out OF the fact that there
was not money enough in the
concern TO run the paper until It could place
itself on paying basis. Like all newspaper
ventures the first period OF It's existence was
very expensive, and the bills TO be paid we're
always largely in excess Of the receipts. Up
90 the present time the business OF the matter
IS, that by arrangement with Mr.. Castle the
latter takes the advertising contracts OF the
Day and the subscription list, with the op-
ton of taking as much of the material Of The
Office as he shall hereafter deem desirable.
From an interview with Mr.. Castle yesterday
afterno It is thought that he will not care
much about the material. The press upon
which the Day was printed was a second or
third hand press, upon which the Minnespo-
lis Tribune was formerly printed. II is
very poor sort OF concern, and liable 10
break down at any time. The price the Day
agreed TO pay for it was 81, 200. or this sum
500 was paid down, which pays for the press
up to March next. II is located in the base
ment Of the Day building on Jackson street,
and will not probably have anything more
paid on II by Mr.. Stanley Waterloo, as, al the
present time, that enterpr:sing journalist,
who came here with such a flourish of tTum-
pets, does not seem 10 have any use for such
piece Of furniture. The press viii. there
fore, revert to Deacon Nettleton, the former
pious dude of the Minneapolis Tribune To
take it out and return it to Minneapolis
would cost all the good Deacon Nettleton got
as first payment on it, and the pious dude
finds himself now with very large sized
white elephant on his hands, inasmuch as
Mr.. Castle, Of the Dispatch, probably does
need it. In the conversation with Mr.. Cas-
tie, referred 10, il was learned that he has an
option TO take the material and the Dan lease
and that he has the matter of moving up
there under consideration. It is doubtful,
however, whether he will do so or not. IL he
should he would want Deacon Nettleton's
press taken out of the way, and this would
not suit the good deacon. All the Day dis
tributors were at the Dispatch Office last night
waiting for papers, aud when they got them
they went on the streets and made things
hum.
1t is understood that the Day was managed
on altogether too extravagant basis. It's
weekly expenditure was something over
81. 100, nearly $500 per day, while the re-
ceipts were not over $S5 per day. or course,
without a long purse, this means de-
struction, and that, too, very quickly. On
this statement, it is evident that there is al-
together too great a discrepancy between the
receipts and expenditures 10 make success,
without, as was before remarked, those run
ming the institution had a very long purse.
Something might be said in regard TO the
social relations as indicated by certain letters
that the Day very iniudiciously published,
but the venture has been so unfortunate, and
the results so disastrous in a pecuniary point
Of view TO several very worthy people, that il
does not seem TO be worth while to further
refer to the matter.