The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1908-06-06
Collapse of the World.

turbed by the seemingly alarming
character of this caption. 1t is not TO
the terrestrial sphere upon which We
all live, move and have orr being that
reference is made in announcing the
s'Collapse of the World. The daily
newspaper called "The Morning
World, /" established about six months
ago in the city of New Orleans, is the
entity to which the announcement APP
pertains. The collapse was brought
about on Tuesday last, the 2nd in
slant, by an order issued by United
States District Judge E. d. Saunders
decreeing that the publication of the
paper should be forthwith discon-
tinued.
Thu World had been placed in the
hands of a receiver couple of weeks
before this culmin alton, S. F. Heaslip
having been appointed to that trust IN
the interest of the Selling creditors,
the owners of the paper and all 9TH
ers concerned, and the World was be-
ing issued regularly under Mr.. Heas-
lips management. An effort was
made to continue this status until some
arrangements could be effected to ex-
tricate the concern from it's difficulties,
or, failing that. until a sale could be
effected under judicial order, as it was
apparent the plant would bring a
much better price if offered as "a 60
ing concern" with the valuable asset
of large circulation and many ad-
vertising contracts; but it appeared on
the investig cation that the running ex-
| penses we're exceeding the receipts by
about $500 day, and as the plaintiff
creditors were not willing that receiv-
er's certificates for this excess should
have preference over their own claims
as lien against the plant, the court
directed that the operation OF the
paper be suspended at once.
No number of the World was issued
on Wednesday, none has appeared
since, and it is doubtful if another
will ever appear, at least under the
original management. It is possible,
| but not probable, that a number of the
present stockholders will form a new
company to buy in the plant and re-
sumo the publication of the paper
under its former title; and it is
equally possible, but hardly more
probable, that such company will be
organized by other persons wish a
like object in view. The brief career
| of the newspaper and its financial
failure Notwithstanding the fact that
| it began business with large circu-
| lation-as newspaper Calculations go
| in Louisiana-will doubtless have a
deterrent and depressing effect upon
persons of means who might under
other circumstances be readily induced
TO invest n the enterprise.
For this reason, and for others as
we'll, the collapse Of the World is to
be regretted. The paper was disap-
pointing in more respects than its f.
naneial non-success. which is gener-
ally believed to have been due pri-
marfly TO undue extravag ance and
lack of business discretion and expe-
rience: but with all this, it undoubt-
eddy accomplished much good. Among
it's most notable achievements was the
removaI from Office of a nnt0riODsly
unfit police inspector, and the driving
| from business of number of quack
doctors who preyed upon ignorant and
confiding patients by various despic-
| able devices and dc ceits which the
World fearlessly and effectively ex-
| posed. The paper also denounced
race.track gambling, to which the
ruin of SO many promising careers is
directly traceable, and never faltered
or sweryed il its advocacy of honest
elections, clean government and the
reforms most conducive to the adj
vancement of the public interest in
New Orleans and Louisiana. With
steadier hands at the editorial and
business helm the paper might have
achieved the stability and success it's
impulses deserved, and The Chief, for
one, is sincerely sorry that the event.
full career of its spirited and spicy
contemporary has been brought to
such an early and untimely end.