Clipping:Purchasing the real property of the Huntingdon Street grounds
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| Date | Wednesday, January 25, 1888 |
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| Text | Circumstances had arisen which rendered it necessary for Al Reach and John I. Rogers to purchase the grounds occupied by the Philadelphia Club individually, and not on behalf of the club itself, and this they did Jan. 16, when the right and title was given to them for $50,000 cash and $50,000 on bond and mortgage. Mr. O'Kane three years ago purchased the grounds for $50,000 subject to a mortgage of $50,000. he held the ground under agreement to deed to the Philadelphia Base Ball Club within three years from Jan. 1, 1886. The improvements made on the ground and the expense entailed have made it impossible for the club to buy the grounds the third year (1888). Mr. O'Kane, who desired to make other investments, notified the club to find another purchaser. This they could not do, and Al. Reach and John I. Rogers took the title. The club can buy from Messrs. Rogers and Reach, but only on payment of the consideration money, none of club's money being used in the present purchase. There is no doubt that he club will ultimately own their grounds, as the property is rapidly rising in value, and its location is a value of itself to the club, outside of its real estate appraisement. |
| Source | Sporting Life |
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| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
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