Clipping:The sale of Athletic Club stock
Jump to navigation
Jump to search
 |
| Add a Clipping |
| Date | Sunday, February 20, 1876 |
|---|---|
| Text | The stated monthly meeting of the Athletic Base Ball Club was held last Monday evening, at their club room, Eleventh and Chestnut streets, an unusually large representation of the stockholders then being present. In the absence of the president, the chair was occupied by Mr. Stephen Flanagan. The report of the Treasurer, Mr. A. C. Johnston, evidenced the flattering financial condition of the organization, no less than one hundred and seventy-two shares of the stock having been disposed of, and that there was still a balance in the treasury, after paying over four thousand dollars in arrears. So great was the demand for the stock, that a motion was unanimously passed at this meeting, to the effect, that one hundred and fifty shares of said capital stock be reserved, and not be offered for sale until ordered by the club. Philadelphia Sunday Mercury February 20, 1876 The demand for the stock of the Athletic Base Ball Club continues unabated, only seventy-five shares remaining at the present date, and those who wish to obtain the same should make immediate application to Al. Reach, as it is not likely that these few remaining shares of stock will be left long unsold. Philadelphia Sunday Mercury March 5, 1876 a political fight over the Athletic grounds At the meeting of the Water Committee of City Councils last Monday, the matter of the lease of the ball ground at Twenty-fifth and Jefferson streets was the subject of protracted deliberation. Hicks Hayhurst, from the sub-committee, said that they were not at present prepared to report. A motion to discharge said sub-committee was, however, agreed to. Mr. Cochran was heard on behalf of the Philadelaphias, stating that the Athletics had leased the said ground from the city at the rate of $200 per annum, and sub-let it to the Philadelphias at the rate of $1000 yearly. Mr. Charles Downing, on behalf of the Athletics, in an able and effective manner, demonstrated the fallacy of the Philadelphia’s claims by proving that the Athletic club had paid upwards of $10,000 in improvements of the property, for leveling, grading, erection of pavilions, fences, etc., and that, therefore, the Philadelphias did not pay such an extravagant rent, and that, moreover, the Athletics had possession by virtue of a lease expiring March 1st, 1877; that they had legal advice to the extent that the said lease was valid, and that they could not be removed from the ground unless the same was required for city purposes, a clause therein expressly stating that it should not be leased to any other base ball club than the Athletics. A motion to give the Athletics three months’ notice to quit the grounds was then lost. Finally, the subject was postponed until the next meeting, the opinion of the City Solicitor on the lease to be requested in the meanwhile. It is not probable that the Philadelphias will further press their claims for the ground, as even in the case the Athletic’s lease was declared not valid, the former club could not afford to pay the high rental, beside paying five or six thousand dollars for the improvements on the ground belonging to the Athletics. Philadelphia Sunday Mercury February 20, 1876 |
| Source | Philadelphia Sunday Mercury |
| Tags | |
| Warning | |
| Comment | Edit with form to add a comment |
| Query | Edit with form to add a query |
| Submitted by | Richard Hershberger |
| Origin | Initial Hershberger Clippings |
Comments
<comments voting="Plus" />