The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1905-09-25
NORWAY TO RAE FORTS ON SWEDISH BORDER
BROTHER PEOPLES PLEDGED TO ARBITRATION
RIVALS PLOT FAILS
TO KILL THE TIMES
Bondholders Continue Publication Pending a
Settlement, in Order to Preserve the Value
Behind the Bonds They Hold

Contrary to the announcement that
appeared in the Times of yesterday
morning at the dictation of the Tribune,
the Times was issued this morning con-
tanning Associated Press dispatches and
local news. Meanwhile the bondholders
have taken affairs into their own hands
and have announced that they will not
allow the stock interests, represented by
the Tribune, to step in and strangle the
sheet without consulting the trustees of
the bondholders. Turnout the day they
have been busy laying their plans. 1t
was announced that one Of two things
would happen. Either the bondholders
must receive gilt-edged assurance, of pro-
lection and remuneration, or the courts
would be appealed to to decide if the
stockholders had a right to step, in and
destroy any part of the security on
which the bonds were issued. The AS
ISOLATED Press franchise, it is main
tained is a part of the Times property
and cannot be disposed of without the
consent of the bondholders.
At p. m. today S. s. Thorpe, repre-
Benting the bond interests, stated that
the paper would be continued for time
at least. He stated that the Associated
Press service for the coming week had
been paid for and would be delivered.
The local representative of the Associ-
ated Press stated, however, that the
Cn1cagO OHIce ndu orueIeu Ine SCI Ftoo
discontinued. He knew nothing of the
payment for the weeks service, which
was probably made direct to Chicago or
New York.
The Times has been undergoing a
slow process of strangulation for. sew
eral months. Yesterday the Tribune
announced that the Times was, dead.
There are other interests involved, how
ever, than those represented by the
stock controlled by the Tribune. The
property is bonded for $3.50, 900 and the
bondholders, not satisfied with the guar
antees offered them, have undertaken to
keep the paper alive In protection OF
their interests. For that purpose, ar
rangements were made and an edition
of The Times was issued this morning
containing the reports of the, Associated
Press printed from original copy fur
nished by the Associated Press.
The Minneapolis Times was, estab'
lished sixteen years ago by u A.. MIN
oeks. During that sixteen years 1T has
O. good deal of the time has been run
at q heavy loss, therloss onectrrent ex'
penses and on transfers and deprecIa.
ton of property aggregating up to this
time probably a half or hree..quarters
of a million dollars. It's experiences, OF
the past year have been among the
most unhappy Of it's career. -
A Premature Obituary.
The Tribune having decided thai
the opportune time had come to put
the Times out Of the way, caused al
announcement to be made in its mai
edition which goes to the country Sat
urday afternoon for Sunday consump
ton, that that was to be the last is
sue. The same announcement was re
peated in the columns of the Times yes
terday, and in the Tribune with som!
additions relative to the Tribune itself
While this announcement may hav
been surprise to many Of The Time
subscribers, it was not altogether un
expected in Minneapolis business Gil
cles. The suspension of the paper lief
the bondholders and their guarantor
with only the physical plant Of tn
Times and it's press franchise as securit
! for their interests. Certain promises ar
made in the Tribune announcement, bu
they were not regarded as Of value. Il
therefore, became necessary for the reI
resentatives of the bondholders to tax
the steps necessary to secure control o
4 the property. The Tribune, however
I had locked every door Of the Time
1 building, tied the doors on the insid
! with ropes, cut off the lights and take