Clipping:Boston Club ownership; minority shareholders
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| Date | Wednesday, August 31, 1887 |
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| Text | [from “Mugwump's” column][discussing Dr. Pope] … He owns one of the eighteen shares not included in the sixty held by the three directors, until recently. They own three more now, as they have recently bought them, making their aggregate number sixty-three of the total seventy-eight. Now, so far as getting any satisfaction out of his interest in the corporation, Dr. Pope might just as well own one share in the North Pole instead of the Boston Base Ball Association. … ...One of the doctor's strong points is his memory, and it occurred to him some months ago that there were 72 shares of stock in the Boston Base Ball Association [sic] floating around somewhere. He managed to find five of them, and struck a bargain for them. It seems that seventy dollars had been paid into the treasury on each of these 72 dead shares, but the assessment of the remaining thirty dollars each had never been called for. This afternoon Treasurer Billings was in his office on Summer street, when in walked Doctor Pope... The Doctor pulled a handful of gold out of his pocket, and handing it to Mr. Billings, said he had brought it to pay the assessment of thirty dollars each on the five shares he had recently bought. Mr. Billings appreciates a good joke, and was on the point of asking the doctor out to take something, when [Pope] said it was all straight, and he was not fooling. Of course Treasurer Billings didn't want the money. What use has a corporation for $150 when it is making a barrel of boodle. So the doctor put the shining coin back in his pocket, and after exciting the genial Mr. Billings by offering the opinion that the Bostons would finish about fifth, he went back to his business. There is a legend that the one thing Dr. Pope enjoys above all others is a lawsuit, and it wouldn't surprise me if he had one on his hands before long. This is about what he will do. He will bring a petition in the Supreme Judicial Court, asking that Treasurer Billings show why he should not take the remaining assessment of $30 apiece on those five shares. For the life of me I can't see what the doctor is going to get out of it, should he win, unless it be the satisfaction of beating the triumvirs. But the doctor has got a long head, and if the directors will really pay fabulous prices for the remaining shares not owned by them now, it would be a much better scheme for him to have six shares on his hands than one. That is undoubtedly what he is thinking of. Let the fun go on. The louder the band players the more noise there will be. |
| Source | Sporting Life |
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| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
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