Clipping:Capitalization of clubs

19C Clippings
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Date	Thursday, December 5, 1878
Text	The Syracuse Stars presented an application for membership [in the NL], claiming to be on a sound basis, with a capital stock of $5,000. the Directors considered that, although the city represented comparatively a small population, the Club was an old-established one, and likely to attract. … The application of Buffalo was next considered. Its representatives, Messrs. Smith and Sage, claim for the club a sound corporation, with a capital basis of $5,000, all paid in. … Then came the application of the Cleveland Club, representing a capital stock of $4,000 and a regularly-incorporated Board of Directors...
Source	Chicago Tribune
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Submitted by	Richard Hershberger
Origin	Initial Hershberger Clippings

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