Clipping:The UA reserve fund
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| Date | Sunday, December 21, 1884 |
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| Text | The amendment to the constitution introduced by Vice-President Espenschied, of the St. Louis club, providing for a reserve fund, to be used in case of an emergency for the general good of the association, is one of the wisest pieces of legislation ever enacted. Each of the eight clubs represented next season will have to deposit within five days after the annual meeting, which takes place in Milwaukee on the 15 th of January, either in currency or a certified check $500, as evidence of good faith that they will live up to all the rules and requirements of the association, and play out the schedule. This will aggregate a reserve fund of $4,000, of which President Lucas will be custodian, under a bond of $5,000. In case a club fails to carry out its schedule, it forfeits all right to the $500, and the $4,000, or as much of it as is necessary, will be sued toward securing another club to take its place a pro rata assessment will then be made to make good the drain on the reserve fund, so that there will be $4,000 guarantee on hand at all times. At the close of the season this will be divided equally among the clubs remaining in the association. |
| Source | Cincinnati Enquirer |
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| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
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