Clipping:Profit-sharing among PL clubs eliminated

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Date	Friday, November 8, 1889
Text	[reporting on the Players’ League meeting 11/7/1889] Before the players’ and stockholders’ delegates to the Players’ National League preliminary convention adjourned Thursday, they made a radical change in the financial plan of the organization. In all other particulars the articles of agreement, printed Wednesday, were closely followed. This change was brought about in deference to public opinion. As the scheme was first presented it could have been considered as a base ball “Trust.” Now the co-operative idea has been wholly eliminated, except that the profits which are to go to the players will be shared equally among all the men who play for the new League. Originally it was intended to pool the net profits of all the clubs and make an equal division among the stockholders as well as the players. The action on Thursday places the stockholders upon an individual club basis in each of the eight cities, and the players alone will pool their profits.
Source	Philadelphia Item
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Submitted by	Richard Hershberger
Origin	Initial Hershberger Clippings

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