Clipping:Louisville Club finances
Jump to navigation
Jump to search
 |
| Add a Clipping |
| Date | Sunday, November 5, 1876 |
|---|---|
| Text | ...Louisville subscribed $20,000 in stock to her Club. Of this only one-half was collected, a hundred persons paying up their stock in full; the others, not doing so of their own free will, were not compelled to pay by the Directors, the latter deeming $10,000 sufficient with gate receipts to operate the Club. ... For the causes related above Louisville at the close of the season found a deficit of $3,000 in her treasury. Bankruptcy was not to be resorted to, and as to the best manner of getting free from trouble no one could determine satisfactorily. A meeting of stockholder took place several days ago. After a long discussion they resolved to contribute among themselves sufficient money to pay off the club’s indebtedness, also to force delinquent stockholders to pay up. The first policy resulted in raising $1,200. The second has not bee pushed to any extent. If the present stockholders choose to sue those who fail to make good the amounts subscribed by them, $10,000 can be raised, and good legal authorities say those who failed to pay up stock subscribed can be made so to do. |
| Source | Chicago Tribune |
| 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" />