Clipping:Baltimore Club finances and the percentage system

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Date Wednesday, August 17, 1887
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[from the Baltimore correspondent] ...the Oriole exchequer would very decidedly gain by the change from the guarantee plan. There have been seasons of profit, and more of loss, the balance sheet favoring the latter in the aggregate. The total losses to the end of last season may be stated to amount, in round numbers, to a sum of not less than about thirteen thousand dollars. The first part of the present season promised a very fair profit, but a change has taken place that threatens to throw the present year in the column with the majority. Anyhow, even with a reasonable again in the present year, it will hardly be enough to counterbalance losses in the past, and the grand aggregate will still be unfavorable to Baltimore as a base ball investment under the present system.

Source Sporting Life
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Submitted by Richard Hershberger
Origin Initial Hershberger Clippings

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