Clipping:St. Louis NL Maroons finances

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Date	Sunday, May 1, 1887
Text	The troubles of the defunct St. Louis League Club have at last been called to the attention of the courts. Ever since Mr. Stromberg received $12,000 from Indianapolis for the franchise the Board of Directors and stockholders of the club have been trying to get him to settle. Two stockholders’ meetings have taken place during the past week and the most serious and startling disclosures made. A committee, aided by an expert, went over the books and found that the total receipts from all sources since the club passed out of the hands of H. V. Lucas, September 2, 1886, was $55,500. The total disbursements were $58,000, leaving a deficit of about $2,500. It was shown that President Stromberg had appropriated a salary of $400 a month for his services without authority from the Board of Directors or stockholders. He had also paid $900 to a man who assisted him in selling the club without any authority and finally it developed that he sold the club without the authority of the Board of Directors and contrary to the advice of the club’s attorney. The Philadelphia Times May 1, 1887 [reporting the Maroons’ Directors’ meeting of 4/25] [report of an unnamed auditor] Cash Receipts Received from capital stock from Sept. 6, 1886, to March 31, 1887..........................$18,392,75 Bar receipts for same period........................................................................................$ 4,627.25 Park receipts for same period......................................................................................$20,866.50 Received for franchise.............................................................................................. $12,000.00 Total.............................................................................................................. $55,886.50 Assets Amount due from William Stromberg as per cash statement.................................. $ 4,231.90 Saloon stock on hand............................................................................................... $ 423.75 Furniture and fixtures............................................................................................... $ 403.53 Money advanced players due from Indianapolis...................................................... $ 1,500.00 One beer pump......................................................................................................... $ 250.00 Total ............................................................................................................ $ 6,808.80 Liabilities Total amount of capital stock................................................................................... $18.392.75 Amount of cash deficit as per cash statement.......................................................... $ 2,254.57 Amount still due F. F. Espencheid on indebtedness of $20,000.............................. $ 499.01 Amount of outstanding bills..................................................................................... $ 537.62 Total.............................................................................................................. $21,683.95 Cash Payments Paid Wm. Stromberg................................................................................................. $ 4,231.90 Paid F. F. Espencheid on account of indebtedness of $20,000................................. $19,500.99 Hugh F. Pattison on account of salary...................................................................... $ 700.00 Julius Schoemaker on account.................................................................................. $ 380.00 Bill Richards on account........................................................................................... $ 405.00 Geo. Munson on account.......................................................................................... $ 449.45 Percentage on games played with League................................................................ $ 1,969.90 Percentage on games with Browns........................................................................... $ 3,645.96 Paid players............................................................................................................... $ 6,580.61 Paid five notes at Citizen’s Bank.............................................................................. $ 5,000.00 Paid general park expenses, which includes all not specified in the preceding........ $15,277.06 Total.............................................................................................................. $58,141.07 Deficit........................................................................................................... $ 2,254.51 The Sporting Life May 4, 1887
Source	Philadelphia Times
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Submitted by	Richard Hershberger
Origin	Initial Hershberger Clippings

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