Clipping:Detroit Club finances 3
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| Date | Saturday, January 28, 1882 |
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| Text | The Detroit Club stockholders are discussing the dividend question. Some are in favor of dividing the profits of last season, and others think that the money should be reserved to meet any deficit that may occur during the coming season. New York Clipper January 28, 1882 There has been no instance in the history of the clubs of the League Association of such exceptional success, financially and otherwise, for an inaugural season's career, as that of the Detroit Club for 1881, the first year of its entry in the League. Especially was the financial management up to a high business rank, if we mayjudge by the results. Here are the chief figures of the treasurer's report at the recent annual meeting: Starting with a capital stock of $5.000, their receipts at the close of the season aggregated over thirty-five thousand dollars, as follows: From home games, $26,050; from visiting games, $8,299; from season-tickets, $1,405—total, $35,754. Their outlays were: For salaries, $13,214; paid to visiting clubs, $8,058; traveling expenses, $4,297; rent of grounds, $1,265—total, $26,861. Adding other expenses, a balance of $12,440 was left at the end of the season. This is a financial record the club-directors have a right to be proud of. … The dividend the club declared, is in the form of two season tickets for 1882. New York Clipper February 11, 1882 |
| Source | New York Clipper |
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| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
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