The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1920-09-03
Bingham County
-'as Daily News Fails

CONTINUED from Page J.
cess say that no enterprise is on the
way to success SO long as 1t does, not
have sufficient revenue to pay it's ex-
penses of operation. So long as it
has to sell stock, or borrow money
or take donations to cover part of
the operating expense 1t is said to be
headed for failure. This is the con-
dition of The Daily News. 1t used
to be that banking house would
loan money to any one who could
furnish sufficient surety in the way
of responsible endorsers on their
notes, but in these days most bank
ers dislike to follow that rule.
They draw the line on this plan.
They say they do not care to loan
money on an enterprise that Is
headed for failure even tho respon-
sible men will go on their notes. 1t
must be shown that the money Sc
cured in the loan will put them in
tAO way " ouCCCOS VI IhC pdAh uOOS
not care to make the loan. The
Daily News was doing business with
one of the banks of this city when
they came to the conclusion that the
business was headed for failure and
they declined to make further loans
even tho the endorsers offered were
responsible men. Then the manage
ment of The News transferred its
banking business to another bank in
Blackfoot and secured further loans
in the hope that the money so Sc
cured would put the business in a
paying position. 1t failed to do So.
The money borrowed and used in the
business was promptly lost or alb
sorbed in the operating expenses.
They are now owing this bank $500
and half dozen of the heavy back
ers of the newspaper enterprise are
on the notes as sureties.
Many Other Ventures
!. A brief history of the newspaper
business of Blackfoot shows that
there have been many papers and
many. failures since this town began.
The first paper to be published in the
town was The Idaho Register and
after short struggle, it moved to
Idaho Falls, then known as Eagle
Rock, and an important town in rail-
road operation. Then >eame in their
turns, The Idaho Reporter, The
Blackfoot News, The Southern Idaho
Mail, The Bingham County Demo,
crat, The Idaho Republican, The
Blackfoot Optimist, The Bingham
County Daily Courier, The Bingham
County Daily News. In 1917. The
Evening Bulletin was established and
Is still operating, not having a SUBJ
scription list and not circulating in
the country, but delivering papers
by carriers thru-out the town.
From July, 1904 to February,
1906, the town had three newspap-
ers, all losing money. AT that time
one of them went out of business and
in a few months second failed,
leaving The Idaho Republican alone
in the field for period Of about
three months, during which time it
made money enough to make the
first payment on a linotype. When.
the Blackfoot Optimist was started
in November !of that year The Repub-
lican ceased to make money, but hav-
ing their linotype it had the advant-
age in its operation and contrived to
hold it's own and make q slow de-
velopment thru the years that fol-
lowed. The work and service of The
Idaho Republican and the Blackfoot
Optmiist,. later The Daily News, was
always duplication OF efforts.
Either one would have succeeded
better and given better service to
the public If the other had been out
Of the way. If either of them had
failed long ago and the field had
been left to the other one alone the
service would have been better.
What Should Have Been
1t could have built up a splendid
institution giving far greater ser
vice and at lower cost to the COM
munity and to the patrons, than any
of the others had done. Each of
them has been hampered by the
other and arrested in it's develop
ment. @ i
During the last three weeks since
1t became apparent that The Daily
News was going to fail, an effort has
been made to consolidate The News,
The Evening Bulletin and The Idaho
Republican, to put them all under
one management in a partnership |
that gives each Of the parties here
tofore interested in the newspaper
work voice in the management of
the new institution and a chance to
make some money out of the profits
OF the business, which was supposed
to close The Daily News and TIE
Evening Bulletin and take the man
agement into partnership in the