Clipping:Talk of a single entity league
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| Date | Wednesday, June 8, 1887 |
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| Text | [from Harry Palmer's column][relating a conversation with an unidentified League official] The stock company will own all of the teams—the weak as well as the strong ones—and its members will receive their dividends upon the amount of stock they hold—not upon the amount of the earnings of any one club. In other words, the men contribute the sum of $100,000 each toward meeting the expense of putting a well organized and thoroughly equipped ball team in ten or more desirable cities of the East and West, and then enjoy the profits of the ten clubs as the amount of stock they might hold would call for. You understand that the stock company would employ the players of all the clubs; would employ a competent manager to take charge of each; would establish substantially appointed grounds in each city where it saw fit to locate a club; would meet the expenses of operation out of the company's treasury; and would manage its affairs through its officers and board of directors, just as any other corporation would do. |
| Source | Sporting Life |
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| Comment | Edit with form to add a comment |
| Query | Edit with form to add a query |
| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
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