Clipping:Athletics' finances; effect of membership on split of gate receipts
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| Date | Tuesday, November 14, 1871 |
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| Text | [report of the Athletics’ annual meeting] The Treasurer presented his report, which showed $22,621.10 had been received and $22,457.14 had been expended, leaving a balance of $145.07. Evening City Item November 14, 1871 ...the rather incomplete report of the Directors for the season of 1871 was read, by which it appears that the receipts for the year were $21,032.93, and the expenditures $31,962.27, thus leading one to infer that the club was largely in debt, whereas the contrary is the case, as was shown by the treasurer reporting the receipts from all sources during the year, were $22,602.21, and the expenses $22,457.14, leaving a balance of $145.07. The apparent discrepancy between the two reports is easily accounted for by an error of book-keeping arising from the fact of two items in the Directors’ report, amounting to $11,100.94 are charged to expenditures, although that amount evidently had been previously deducted from the receipts. On motion, the Directors’ report was referred to an auditing committee, consisting of the following gentlemen: Gilbert S. Moore, chairman, Joseph Megary, Charles Dougherty, Frank Mills and John P. J. Sensenderfer. Philadelphia Sunday Mercury November 19, 1871 Great interest was manifested in the report of the committee appointed at the last meeting to audit the accounts of the Board of Directors for 1871. The Committee reported that they had attended to the duty assigned them, and stated that the Club was free of debt and had a balance of $2512.80 in the treasury. During the season the receipts from all sources amounted to $28, 957.55, while the expenditures were $31,162.06. Of this amount $8713.92 was paid without orders being drawn upon the treasurer. There is due to P.M. Roger, $3000, advanced by him to meet club expenses, and for which he holds directors’ receipt. There is also due to the players of last season the sum of $1474.25. The total indebtedness of the club is $4113.17–in which amount we have included the sum of $725, advanced to players for 1872. The total loss on the season past amounts to $6629.51–or after deducting $3839 paid for improvements to ground and advanced to players for season of 1872, which may be considered assets, $2799.51 The committee also called attention to the loose manner in which the affairs of the club had been managed, and recommended the appointment of a committee to devise rules and regulations for the government of the club. The report was signed by Messrs. Gilbert S. Moore, John Sensenderfer, Joseph Megary, and Frank Mills. Mr. Hayhurst alluded to the complaint that had been made by visiting clubs, as to the small amount of gate money received, and recommended a reduction in the membership, and an increase in the subscriptions. Evening City Item December 12, 1871 |
| Source | Evening City Item |
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| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
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