Clipping:Allegheny Club finances 2
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| Date | Monday, October 22, 1883 |
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| Text | [reporting the club's special meeting 10/16/1883] The first and only subject discussed was the financial condition of the club, and as it was one that called for thoughtful consideration, it was long before an adjournment was reached. Mr. Andrew Fulton, from the committee appointed to audit the accounts of Treasurer Brown, reported a shortage in the treasury of some $1,400. the pay-roll of the players for the season had been something over $14,00, the rent of the grounds $1,200 and traveling and incidental expenses had swallowed up the balance of some $29,000, which represented the season's receipts. $1,000 would fall due to players upon the following day and there was no money in the treasury to pay them. This, Mr. Fulton explained, was not the final report of the committee; it was merely a forerunner of what was to come when the treasurer's books had been examined, and could be relied upon as correct within $6,00 or $7.000. Two wealthy syndicates had representatives at the meeting, who made certain propositions to take the club. They were rejected, and fifty of the 300 shares of stock agreed to stand a 50 per cent. assessment, which will yield $625.The balance will be raised by President McKnight on his private paper. The rumor that there is talk of disbanding is untrue, as all of the players have been signed for next year. The Sporting Life October 22, 1883 The detailed report of the auditing committee on the books of the treasurer of the Allegheny Base Ball Club has been completed, and shows a worse state of affairs than was given out at the last meeting. It shows that there is $2,2027.71 due players up to Nov. 1st. during the season $425.65 was received on fines. At present there is $308.41 in the Treasury. The total receipts for the season were $32,809.49. During the year $1,435 was paid for the rent of Union Park and the Exposition grounds. The receipts from games amounted to $27,135.46. For paid games, expense accounts and traveling expenses of the club there was $19,395.70. The largest amount due any player is $1.246, which is due Swartwood. For advances to player for next season there was $960. The Sporting Life October 29, 1883 |
| Source | Sporting Life |
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| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
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