The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-07-01
In RECEIVERS HANDS.
c. +. Spencer, cN-City Attorney. Takes
Charge of Topeka Herald.

Charles f. spencer former city at
torney, was appointed Saturday after
noon by Judge Daua. of the district
court, as receiver fer the Herald Pun
fishing company OF Topeka, the pub
Usher of the Daily Herald, an after
noon newspaper which has been in ex-
istence for just six years. MIR. Spencer
took charge of the property this
morning and will continue the publi-
cation of the paper as usual. Nego-
tiations are said to be under way for
the sale of the paper or a reorganiza
ticn of the company publishing ~. and
Mr.. Spencer Will keep up the publica-
ton Of the paper until one OF these
deals is cOnsummated.
The appointment of receiver was
at the request Of Mr.. Dell Keizer. who
owns the controlling interest in the
company. Mr.. Keizer had the receiv-
er appointed to conserve the property
of the company and to make IL possi-
BILE for the publication OF the news
paper without interruption while its
financial affairs are being straighten-
ed out. Mr.. Keizer has made 4 heroic
fight against odds. The newspaper
field is already covered and he under
took an almost impossible task to es-
tabIish q third paper.
In Mr.. Keizer's petition for the APP
pointment OF receiver are the state
ments that the capital stock OF the
company is $250 and that for some
time past the Indebtedness of the
company has been much greater than
the available assets. and that certain
creditors were planning action against
the company which would render II
impossible to publish the paper and
carry out its existing contracts with
advertisers and subscribers. 1t was
alleged in the petition that II such
action was taken the paper might have
to suspend publication and thus lose
all of its franchises. privileges and
contracts and thereby become a dead
loss to the owners
While no definite statement is avail
able concerning the Indebtedness OF
the company il Is understood that its
liabilities are in the neighborhood Of
$4,000 and that the assets are but
nominal
For several months there has been
a plan on foot to dispose OF the Her
aid to a concern with plenty Of money
TO push the paper to the front" said
Mr.. Keizer today, "and while these
plans are still under consideration 1
did not wish to risk a calamity before
their contamination.
'.As FOR myself / have other plans
and Will enter other business as soon
1 can dispose of the paper or place
ii where il will be managed properly 4
We are still working to consummate
the transfer OF the paper and when
this is done 1 Will enter the busineas
1 referred to. don't care 70 say
what 1t is.
the property which Will some day be a
valuable one. In the meantime ! VIII
render whatever assistance is possible
to Mr.. Spencer. The Herald viii con-
tinue publication and will some day be
fine newspaper property.
Il have taken a great deal OF pride
in the Herald and while the paper has
been criticised at times Il has stood
for what I thought to be right"
The Herald Publishing company
was organized six years ago and has
been under the management OF Mr.
* elzer since * was started. The late
General j. X. Hudson, one OF fhs
newspaper pioneers Of Kansas, allow
ed the use OF his name as editor in
chief and frequently wrote it's leading
editorials. but the paper has been con-
trolled and managed by Mr.. Ksfzei-.
For many years before the Herald was
started Mr. Keizer was connected with
the Topeka Daily Capital.
During his twenty years residence
I'm Topeka and long newspaper ca
reer here Mr. Keizer has formed a
wide circle Of friends who will eE-
tend their best wishes TO him and his
estimable family. In whatever new
business lines he may engage He
has put into the Herald "A large
amount OF money. an extended news
paper experience and rennarlxab bly, en-
erxy, which would doubtless have
brought him ample remuneration In
a field less fully covered.