St. Paul daily globe., 1893-06-25
AN EXPLANATION.

1t is my desire, as 1t is my duty, to do
everything in my power to advance the
interests of the GLOBE so long as it is in
my keeping, and l deem it very essen,
tial to its success that its well-wishersl
and supporters should understand its
exact situation. because the value of a
newspaper property depends so mucht
on the good will of its patrons. The
loss of confidence by the public for a
day, either in the political orthodoxy
or stable management of such paper
as the GLOBE, would be more detri3s
mental than fire, or libel suit for
half million. My apology for this ex.
PLANTATION rests, therefore, upon nv
great desire to conserve the paper in its
integrity to those who own it, to its
creditors and to those whose interests
it advocates and defends.
The appointment of a rec eiver is
usually indicative of insolvency; but, as
| said in my salutatory to the public in
entering upon the receivership, such is
not the case in this instance; internal |
dissensions among its owners, creditors
and managers had more to do with
it than lack of means, and the re-
ceiver was appointed by the consent of
all interested, until the enterprise could
be reorganized through means of d sale
of the property and franchises to prop
er parties who will run 1t on strictly
business principles, and in the interest
of the public and the Democratic party,
the receiver in the meantime to be a
conservator of the property. TO sue
cessfully carry out this plan the re-
ceiver must maintain the standing of
the paper. and retain the confidence of
its readers and supporters. reassert
that the resources of the paper are am.
pie for all these ends. and 1t only needs
the continued good will of the public to
assure permanent success, because it
will not be long before such promising
venture must find an investor.
/ am especially anxious to impress
upon the public that am not seeking
to make money In my management of
the paper. NY chief desire is to give
full satisfaction to its friends, and to be
able to turn it over to whomsoever pur-
chases it with an established reputation
that will insure pecuniary reward to
its future and permanent proprietors.
We are canvassing for material to
present to the public special Column
bian edition during the session of the
congress of the National Real Estate
association. which meets here in August,
and hope to make 1t credit to news
paper enterprise aud a vast benefit to
our city. 1t is my hope and expectation
that our patrons will extend to us a
generous patronage in this direction.
as the reward will be their own.
) / am particularly desirous that the
public should understand the exact
meaning of a recent decision of the dis
trict court of Hennepin county, in APP
pointing another receiver for the
GLOBE. A suit was commenced by the
Globe Building Company of Minneapo-
lis against the st. Paul GLOBE
Publishing company. of st. Paul,
to recover some $4,000 or $751;
600, which it claims to be due
for the rent of its building. The GLOBE
Publishing company disputes this
claim, and denies that it owes 1t. The
case has not been tried as yet, but on
the application of the plaintiff the court
appointed receiver for the defendant
company, and all parties agreed that /
should be the appointee. There will not
be any conflicting interests. l will act
for the benefit of all parties-and,
whether the plaintiff wins or loses the
suit, there is no difference of opinion
that the paper must be maintained.
With this explanation. / hope those
who wish to see one of the great lead
Ing newspapers Of the Northwest
weather the apparent storm that seems
to be raging about 1t will not allow any,
thing they may hear to shake their con-
fidence in its ability to survive all its
troubles, and continue to wave the BAN
ner of Democracy triumphantly over
many victorious campaigns in the fut-
ure, both state and national.
1t would be something worse than In
gratitude if l did not take the earliest
opportunity to thank the press through
out the state generally, of all shades Of
politics, for the many kind words that
have been said about me since my con-
nection with the GLOBE. Nothing is so
pleasing as the appreciation of ones fell
lows, and no ons appreciates it more
than myself. l will try to justify your
good WISHES and generous prophecies.
CHARIhs e. FLANDRAU.
Receiver