Clipping:Boston triumvirate attempting to buy all remaining stock
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Date | Wednesday, July 20, 1887 |
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Text | [from the Boston correspondent] If they have good luck the triumvirs will not only practically own our ball nine as they do now, but they will literally be the sole owners. They are making an effort to buy up the dozen or more shares outside of the sixty they already own, and they have offered big money to a friend of mine for his solitary share. He says he don't want the money and he won't sell unless all the other scattering ones do. A thousand dollars is big money for one share of stock, but every share is worth that to the “Big Three,” because if they can call in those held by the frozen-out members of the corporation, they can then divide all the profits between themselves without doing an injustice to anybody or acquiring any unpopularity. It would make no difference whether they declared a dividend or voted themselves salaries of $10,000 each. To be sure they have things all in their own hands now, but there would be no one to kick at whatever they did. The Sporting Life July 20, 1887 The Boston triumvirate are offering to buy up Boston stock at $300 a share. They have gathered in several shares in this way. The Sporting Life July 20, 1887 |
Source | Sporting Life |
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Submitted by | Richard Hershberger |
Origin | Initial Hershberger Clippings |
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