The weekly tribune. [volume] (Great Falls, Mont.) 1891-1894, 1892-12-09
While the Merchants National Habl
Of Helena Gets Away with the
Baggage for So 900.
Another Republican Paper STANDS +,
and Enjoys the Slaughter of
Prince RusselI's Paper.
Some Inside Pointers on the COST,
sport of Owning and Conduct.
ing IL Newspaper.

The sale of the Daily journal plant
took place at the advertised hour. II
o'clock "a. N. Thursday, on the premises
lO1 broadway, says the Helena Herald
Deputy Sheriff Hoss opened with the
usual legal formulas and proceeded in
form with a detailed reading of the
scheduled list Of belongings Of the Daih
Journal company to be disposed Of under
execution III satisfaction of judgmcn,
dccrecd in favor of the Merchants IA.
tional bank in the sum of $4,000.
The spectators present crowded to
some extent the rather contracted space
of the counting room. Notable persons
attending and Interested 10 the proceed
ings were the judgment creditor, Hon. l..
II. Hershfield, his attorney, Mr.. Clayberg.
Lew Wallace. Jr.. Esq, representing Rus.
sell Il. Harrison, president, and Geo. L.
Boos, general manager and treasurer Of
the Journal company.
Deputy HOss. conforming to the wish
Of Manager Boos. offered all the effects
and appurtenances of the late Journal
for sale in bulk. Bids being called for.
Attorney Clayberg, for l.. II. Hershtield.
bid $4,000. Lew Wallace. Jr.. for Rus
sell b. Harrison, bid $4,000. The third
and last bid, $4,000. was that of Mr.
Clayberg, for the Merchants National
bank.
'Twenty.one thousand I'm bid ;twenty-
one Thousand once, tw%enty-one thousand
twice, twenty-one thousand three times
and sold." said Deputy Hoss.
And thus passed the Daily journal
plant from the ownership of Messre.
Harrison and Boss into the hands Of
their judgment creditor, Mr.. Hershfield.
whose claim called for the payment Of
S25,J0J.43.
In brief our report records the sequel
to a third newspaper ~venture-Onc of
nearly a dozen that in the past twenty
years have been started in Helena and
shared a similar fate. The journal had
largely the advantage Of any predocrs
sor. 1t was inaugurated under tie
auspices Of a national administrator.
proclaimed itself the semi
official organ Of the government.
NNti'iN'' wv WI.
ciai i. could reach, levied tritutr
upon party committees, raided banker
and business and professional people
borrowed from widows, and spared not
the orphan even. On this true. If not
creditabIe, showing. it will bear repeat
ing here that the journal was never
"a business proposition. Its man
ayers have piled up locally an
;nl,I..nl,ar- far thn turi, ,,r,t,i.-
of the Big Four" journals closely ap-
preaching 100000, and the foreign il
dcbtedness. ii it could be traced TO the
countless dupes who have subscribed to
the stock or otherwise responded to in
satiable Importantly, would probably
disclose al amount equally large Ell
quilted in these publishing enterprises.
What next is to follow the future alone
can disclose, The field Of state Journalist
is fully occupied indeed, largely Owe
supplied. 1t is within bounds to say
that a half million Of dollars will not
cover the losses sustained by the daily
press of Montana within the past
four years. And yet it is no dl''I
cult to conceive, with the uumcr
Gus examples Of the past G
vast expenditures IN one way and ano'l
cr lnNelgled from maEnatcs OF the STAG.
and from administrative ana polite
sources extending to the limits Of tn
country. that other and similar under
takings will again be tried. for the ere.
ulous are many and the foolish IL an
drcimated number still inhabit the lam
viii the dead come to life again Who
has the cash lots Of cash and to spare
wherewith to revive and run the dcceasrl
organ: Mr.. lierstiiicld is too conserve
tive. too discreet Il iinancier. to drslr"
to shoulder such a burden himself
lie has the plant. not of his Own
choice. but by c%ompulsion ot q
debt, and the printing outfit is any
body's property who will give him
back his misplaced money. A corpora
ton. combination, syndicate Of capita
of nabohs who are looking for the cas-"
ment Of an aching surplus these are
the sources, these the parties. to resu-
citate the journal corpse and give to It
another term of existence. Otherwl-r
its decease will not he disturbed tic
decencies will be observed and the dcaj
remain dead.