The Wenatchee daily world. [volume] (Wenatchee, Wash.) 1905-1971, 1910-08-27
NEW PAPER CALLS
FOR RECEIVER
Inland Herald Has Lost
$4,000 in a Few
Months.
THE INEVITABLE FATE
Spokane New Daily Tried to
Buck Old Established
Newspaper.

Newspaper.
The Inland Herald of Spokane ha:
met the fate which usually comes t
newspapers which are established fol
purely political purposes and which
attempt to put out of business wei
established paper and one where the
field is already well covered.
Application was made in superior
court of Spokane yesterday by BlinI
Yates, until a few days ago bushes:
manager of the Inland Herald, fol
the appointment of a receiver pen
| dente lite for the Allan Haynes Pub
fishing company, on the grounds thai
the company is not able, in the ordi
nary course of business, to pay it,
| creditors.
''Fools Rush In," Etc.
There never was a field in Spo.
kane for another daily any more
than there is in Wenatchee for two
daily papers. Yet Fools rush in
where angels fear to tread" You
can bank on it every time. Some
guy wants some political prestige
which he thinks paper can give
him. He is willing to put up the
coin for a short time. But the end
almost invariably comes and with il
the humiliation of its promoters and
supporters.
Lost $15O,OOO.
The company operating the Inland
Herald has lost over $4,000 in
less than four months, or an average
of $4,000 per month, according TO
the statement of the business mana
ger who is plaintiff in the case.
The attempt of any newspaper to
rush into a field already more than
covered has almost invariably found
the same fate.
In the first place, the Spokesman
Review is a business enterprise. 1t
is established on a purely business
basis. The attempt of the Inland
Herald to buck the Spokesman-Re-
view resulted in an effort to induce
the business men of Spokane to pay
Y, 60 t1n mn
Using as they did before.
Advertisers Want Results.
But when a man puts an adver-
tisement in the newspaper he puts
it in where he can get the most re-
suits. This is known to- be a fact
that those results can be best obtain
ed where a paper has an established
prestige and a bona fide circulation.
The Spokesman-Review is recognized
among the people generally as a
substantial institution and friend
of the people whom it serves. 1t has
stood for the best interests of the
community in which it has grown in
to a great newspaper.
The Receivership Case.
The plaintiff in the Inland Herald
case entered the employ of the pub
fishing company on May 5th, he al
leges, under a six months contract,
and was to receive $3.50 per week
for his services. He says he has
been paid $3.50 and no more, and
that there is now due him $500.
The company. the plaintiff alleges,
owes its laborers and employees large
sums, which it is unable to pay, ag-
gregating over 100000. The prop
erty and assets of the company, in
Guiding plant and contracts, are not
worth over $4,000.
The company has recently issued
checks to employees in payment for
their services, but the checks have
been dishonored by the banks and
payment refused, states the applica-
ton.
The officers of the company, it is
alleged, are dissipating the funds and
are placing them beyond the reach
of creditors who are threatening to
bring numerous suits. The interest
of creditors can only be preserved,
it is asserted in the complaint, by
the appointment of a receiver to
take charge of the property and con-
duct the business until sale can
be advantageously made, when the
property should be sold and convert
ed into money for the benefit of its
creditors.
The plaintiff asks judgment for
himself of $3.50, and alleges that
the claims of employees for services
should be given preference.
An order was made by Judge H.
L. KEENAN, yesterday morning citing
the defendant company to appear in
court next Monday morning at 10
O'Clock and show cause why a re-
ceiver should not be appointed. The
legal firm of Richardson & Laughon