Clipping:The Cincinnati Club issues guarantee notes
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| Date | Saturday, March 25, 1882 |
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| Text | The guarantee notes have been in big demand, and all will be taken the coming week. They are the best means any person has of patronizing the game this year in Cincinnati. The notes are modeled after the Exposition guarantee notes, and are for $25 each (there being 160 in all, for $4,000 worth). They are payable on the 1st day of October, if at all, and have these conditions printed upon their face: “Upon the following conditions: That if the expenses of the said club for 1882 shall exceed in amount its receipts, together with the cash on hand when the playing season opens, it is hereby agreed and understood that said excess shall be provided for by an assessment upon this note in the proportion which this note bears to the total amount of the Guarantee Fund, which the subscriber hereby promises to pay on the day of maturity of this promissory note. If no deficits shall exist, the note at maturity to be returned to the subscriber, duly canceled. In consideration for the above, the Cincinnati Base Ball Club agrees to issue to said guarantor herein, or to any one he may name, a season ticket (not transferrable) entitling the said person to all the privileges of the Cincinnati Base Ball grounds during the season of 1882.” The tickets to be given to subscribers of these notes are already printed (160 of them), and upon their face read as follows: “Guarantor’s ticket, No. –. For the season of 1882. Commencing May 1. Issued to –. Not transferable, and good only when signed by Justus Thorner, President, and countersigned by the Secretary.” There are fifty numbers printed around the margin, and for every game one of the numbers will be punched out by the gate-keeper. None but perfectly responsible parties will be received as guarantors. The chances are largely that there will not be a dollar deficit at the end of the season, and that the subscribers will get season tickets for nothing. The Club have every dollar of indebtedness paid at the present date and do not owe a single debt. They will have about $7,000 less expense than any club ever had in Cincinnati. One share of stock recently sold for 300 per cent. of its par value, and an offer of 350 per cent. was made last week and the offer refused. Indeed, no stock can be had. After next week and probably after Wednesday, the subscription to the guarantee will be stopped, as not one over 160 will be issued and over half are already taken. They can be had at Hawley’s, at Room 18 Wiggins Block, of Mr. Aaron Stern, Justus Thorner, or George L. Herancourt. Cincinnati Commercial March 25, 1882 At a meeting of the Board of Directors of the Cincinnati Club yesterday, the Secretary was requested to return to guarantors their notes, with the thanks of the club. The guarantors will now meet and shake hands with each other. Cincinnati Commercial August 20, 1882 The Cincinnati Club will to-day return their guarantors’ notes, with the following circular letter to each subscriber Cincinnati, August 22, 1882 Dear Sir–The Cincinnati Base Ball Club direct me to return to you the inclosed Guarantor Note with their thanks for backing them when the season was a doubtful one. The finances of the club are now such that the note can be surrendered without any risk to the club. We hope you will keep your guarantors’ ticket, and be present at every game played in Cincinnati from this date till October 1 st. Very truly yours, - - -, Secretary. Cincinnati Commercial August 25, 1882 Mr. H. C. Stewart, of Vienna Bakery fame, who was the first guarantee subscriber to the Cincinnati Club, has written the Secretary, offering to head a list of guarantors with a five dollar donation from each, the sum total to be divided equally among the men of the team who have done so well. Several other guarantors have agreed to “stand in” with Mr. Stewart’s plan. All who wish to do the same will please notify the Secretary at once. Those who join this list will be taken as the first guarantors next season. When that time comes there will be ten applications for each of the one hundred and twenty notes. Cincinnati Commercial August 25, 1882 |
| Source | Cincinnati Commercial Tribune |
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| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
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