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Poverty Bay Herald, Volume VI, Issue 949, 13 November 1879, Page 2

At a meeting of creditors yesterday afternoon, in the estate of Mr. H. E. Webb, it was unanimously resolved, by those present, that the publication of the Standard should cease from after this morning. The Trustee showed by figures that the paper could only be carried on by exhausting the small amount of assets which remained for the unsecured creditors. The Standard was a losing concern, " and unless," said the Trustee, " the creditors are prepared to advance me the money to carry on the publication, nothing remains for me but to realise as best I am able in the interests of the creditors. " The naked facts of the case may he stated as follows : — Gisborne, at the present time, is not rich enough to support two papers. The traders of the Bay, and people generally, have hitherto been extremely liberal in their patronage to the local journals, but advertising, as with other outgoings, has had to be dealt with from an extremely economical point. And again, a bi or a tri-weekly journal can never hopj to hold out for any length of time against a paper issued daily. There is a crave for news fresh and fresh, and the paper that supplies this will receive the chief patronage, while any other must go to the wall. In Gisborne, as a rule, after five or six o'clock of the afternoou, there is seldom any new matter to publish, consequently the Standard could only give what had already appeared in the Herald. Many reasons are given for the pecuniary difficulties of the Standard, but the above will be fouii'i the true ones. The Herald will continue the same course which it has always pursued, and which has, no doubt, helped its success. The Editor lias never refused insertion to any communication upon any question of public interest, always so long long as it has been written with some degree of intelligence, and has been free from personalties. Those who do not go with us in our political opinions and convictions, need be under no apprehension that our columns will be closed against them. On the contrary, we shall always invite open discussion on all matters political or social, quite irrespective whether or not they fall in with our views.