Clipping:The price of the Indianapolis Club sale; status of the Cincinnati franchise

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Date Saturday, November 15, 1890
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[reporting the NL meeting of 11/12] The financial details of the Cincinnati and Indianapolis deals were then discussed. It will be recalled that last spring the National League were forced to buy the Indianapolis Club for $65,000. The players and the franchise and the players were what were purchased. John B. Day, of New York, hustled around and raised about one-half the money, and the eight National League clubs gave notes for the balance. These note were made proportionally on a suppositious attendance for 1890. Several exigencies arose which threw the attendance estimate out of gear, and it was this little matter which set the National League men in an uproar. The tangle was not straightened out when they adjourned, but an understanding was reached by which Mr. Brush will be given the National League franchise in Cincinnati (which Messrs. Stern & Sterne could not sell) in lieu of the notes which he holds. Mr. Brush will offer to consolidate with the Players' League syndicate on a 50 per cent. basis, and he will make the scheme work. Thus is furnished a picture of a National League man consolidating nothing with $40,000, and getting one-half of the money. … After the meeting it was stated that if a general consolidation can be agreed upon the dereliction of the Cincinnati Club will be dropped altogether. Should no deal be arranged the Cincinnati Club will be expelled and the franchise given to a new set of capitalists. There are two applications. One is from a syndicate of which John Kilgour, the millionaire railroad man, is a member, represented by John T. Brush, and the other a syndicate of which Harry Sterne is a member, represented by a written application sent to League magnate.

Source Sporting Life
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Submitted by Richard Hershberger
Origin Initial Hershberger Clippings

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