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

1t is my desire, as it 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 deem it very essen,
tial to its success that its well-wishers
and supporters should understand it's
exact situation, because the value of a I
newspaper property depends so muchi
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 detri1
mental than fire, or libel suit for
half million. My apology for this ex.
planation 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
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. l 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.
l 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 4 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 vast benefit to
our city. 1t is my hope and expectation
that our patrons will extend to us
generous patronage in this direction,
as the reward will be their own.
> l 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 it. The
the application of the plaintiff the court
appointed a receiver for the defendant
company, and all parties agreed that
should be the appointee. There will not
be any conflicting interests. | 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 did not take the earliest
opportunity to thank the press through
out the state generally /, of all shades of
politics, for the manyu kind words that
have been said about he since my con-
nection with the GLotE. Nothing is so
pleasing as the appro0 0ation of ones fell
lows, and no ons appreciates it more
than myself. | will tIy to justify your
good WISHES and genefous prophecies.
CHARLES Z. FLANDRAU,
Receiver