Clipping:The League's emergency fund

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Date Saturday, June 7, 1890
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[from R. M. Larner's column] I am informed that the League is prepared to advance money to the amount of $30,000 to such clubs as may need assistance before the present season terminates. When it was discovered that the Brotherhood had determined to make the fight the League magnates called a meeting, at which it was agreed that under the existing circumstances it would be almost impossible for the League to go through the season without losing money. It was proposed that each club should advance a certain amount to form a guarantee fund, which aggregated $20,000. if I was correctly advised a large hole has already been made in the guarantee fund, and another assessment of $1000 has been levied upon the various clubs. The last assessment was not made because the funds in the League treasury are low, but because the League has always made it a rule to have a large and substantial sum in the treasurer's sock in case of an emergency. I believe President Young could draw his check, as representative of the League, for many thousand dollars and have it honored, as I am aware that he has a snug surplus in a local bank.

Source Sporting Life
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Submitted by Richard Hershberger
Origin Initial Hershberger Clippings

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