Clipping:Louisville ownership
Jump to navigation
Jump to search
 |
| Add a Clipping |
| Date | Sunday, January 13, 1889 |
|---|---|
| Text | Mr. Davidson has little money himself, but has the strongest sort of backing in the shape of the firm for which he has been bookkeeper for several years. This is a wealthy auction and commission house, and Mr. Davidson stands very well with his employers. He owned a good block of the club's stock before he bought out the Phelps brothers and W. L. Lyons, then the president. When they made the “give or take” offer to him last spring he bought them at their price, and him employers promised to help him out of a tight place if the club did not pay its way. When he went in there was $5,000 to the credit of the club in the bank, but this rapidly disappeared before the combined effects of wretched work and bad weather. When the club returned from its second Eastern trip the reserve fund had all been wiped out and there was $2,000 more to be raised. A little money was made later in the season, and Mr. Davidson swapped dates to Cincinnati and Philadelphia, realizing a handsome sum from the extra inducements they offered. But there was a considerable deficit, which was provided for later in the season by the sale of Chamberlain, Collins, and Cross. Mr. Davidson then paid up every cent the club owed and has money to being the new year on and buy one or more players if he wants. He can get all the backing he needs, and it is not at all likely that he will quit the business unless luck goes very much against him, in which event any man is liable to give up. These statements may be regarded as authoritative. New York Sun January 13, 1889 Mr. Davidson owns three-fifth of the stock of the club or three hundred shares. For the stock he bought of Mr. Zack Phelps and his brother last spring he paid $5,700, and it is generally understood that this took about all the money he had. He is consequently depending upon his receipts this season to meet expenses and make a support for himself and family. It was thought for a while that he was being backed by the commission house of he has been head bookkeeper for many years, but the bad success of the club last year disheartened the members of the firm, and they gave Mr. Davidson to understand that he would have to run the club himself. This is the reason he sold the three star players, Chamberlain, Collins, and Cross, last season; it was absolutely necessary to raise money. He can continue to run the club if it is self-sustaining, but not otherwise. He thinks it will be so with the present players, but he is almost alone in his opinion. New York Sun February 24, 1889 |
| Source | New York Sun |
| Tags | |
| Warning | |
| Comment | Edit with form to add a comment |
| Query | Edit with form to add a query |
| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
Comments
<comments voting="Plus" />