Clipping:Merger talks between the New York clubs
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Date | Saturday, October 18, 1890 |
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Text | There was little trouble in reaching an agreement between the New York parties, and on Tuesday an understanding was arrived at by which the two clubs will be consolidated, unless the negotiations for peace now pending between the rival leagues fall through and the war breaks out with renewed virulence. On Tuesday Col. E. A. McAlpin, Edward B. Talcott, Frank B. Robinson and Postmaster Van Cott, the leading stockholders in the Players' League club, and John B. Day, of the National League club, met in the office of the Postmaster. The first question put to Mr. Day was:-- “Will you sell?” Mr. Day replied:-- “No; I'd rather go into business with you.” There was some talk over a basis for consolidation. The National League club is incorporated for $100,000, and most of the stock, it is understood, has been paid in. The Players' League club is incorporated for $20,000, but it is in debt to Messrs. McAlpin, Talcott, Van Cott and Robinson for grand stand, grounds, etc., about $80,000. It is probable that a consolidation, if there is one, will be reached on a basis of 50 per cent., each party taking $100,000 of a capital stock of $200,000, at which figure the reorganized club will be incorporated. |
Source | Sporting Life |
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Submitted by | Richard Hershberger |
Origin | Initial Hershberger Clippings |
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