Clipping:Boston Club ownership 2
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| Date | Sunday, January 1, 1888 |
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| Text | Soden, Conanat, and Billings went through the farce of the annual meeting of the Boston Club Wednesday at Young's Hotel. President Soden voted on twenty-two shares of stock, J. B. Billings on twenty-three, W. H. Conant twenty-five, while A. J. Chase, F. F. Roundy, G. L. Lloyd, E. A. Pope, and J. B. Hart one each. G. B. Appleton, C. B. Corey, F. L. Long were represented by proxies, one share each, and John C. Haynes and Harry Wright, one share each, were absent. The triumvirate control, therefore, 68 votes of 78. the directors reelected themselves and voted each other salaries of $2,500 apiece. … Mr. Chase gave notice of his intention to move at the March meeting that the property of the association be sold at auction, its affairs wound up, and the proceeds divided among the shareholders pro rata. This means just this, that the big three intend to force the minor stockholders to sell them their holdings. They are not afraid of being outbid, for the property would be useless without the franchise, which they already have from the clubs in the National League, for a new club in Boston. The minority can make it very warm for somebody if such a move is taken. The grounds are valuable and could be used for other than base-ball purposes. The grand stand would be just as useful to the minority in possession of the ground without a franchise, as to the big three, off the grounds with a franchise. Suppose the property is sold in March, and the big three don't get it. Where could they get grounds as accessible and build new stands in time? They couldn't do it. The suit brought to compel the treasurer to show up his report is making these people very nervous. But why? Why should not these few stockholders see his report and be denied their legal and several rights? Yet the press of this city, with not one exception, is silent on this point, and has not the courage to show up this unpopular trio and their high-handed and unjustifiable proceedings. They have as good as $100,000 clear capital in land and money today. Even if they sell they will have to show their financial standing. Once can easily see the breakers that lie ahead if the directors intend to be the aggressors., quoting the New York Clipper |
| Source | Chicago Tribune |
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| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
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