The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-12-20
TO SOLTDTFY BASEBALL.


| number OF stockholders In the New York
baseball Club met yesterday afternoon at the
| Broome street store OF A. q. SpaldinR *
| Bros and engaged in a thorough discussion
| of the clubs financial condition. The main
| object OF tho meeting was to devise some plan
| to extricate the club from its present financial
| difficulties. and after considerable talk q
| scheme was hit on by which It is hoped to
| place the club OH rock basis OF solidity and
! prosperity.
Those present at the meeting were John d.
| Day. f. d. Talcott. /. A. McAlpin. c. +. Dill
| bingham. +. b. Robinson. +. A. Abel. c. ID.
| White and Jim O'Rourke. Col. McAlpin was
chosen Chairman and c. ID. White acted as
Secretary. The first thing considered was a
statement of the financial condition OF tho
club which showed debt In round numbers
OF $4,000. tho greater part OF which was quo
to players for arrears Of salaries. The play
ers to whom salaries arc duo now hold notes
drawn ut seven months time. largo num-
Der OF suggestions were offered as to
the speediest and best method OF straight
ening out tho tanglc. but the ono when
was finally adopted originated with r. b. Hob
inson and f. Is. Talcott This plan calls Tor the
issuance OF $4,000 worth OF bonds at u per
cent. payable In n years time. Each Stock
holder will be permitted to subscribe Tor these
bonds in the proportion OF 10 per cent. OF their
| nOIulnES OF inc BLOCK. IL any Vi tuC stooA-
holders fail to take bonds. those not taken Will
be divided among the stockholders willing to
take them. The effect will be to put the bond
holders in control OF the club.
This plan will be presented to tho stockhold-
ers at another special meeting to be held at
Jersey City on Friday. Jan. t. The plan will
unquestionably be adopted. All the stock
holders will have. a fair change to purchase
bonds. and full information will be furnisheo
to them OF tho club 8 condition
1t is held that IN addition to paying OF all tho
n.Y hs bonans Inc
tho club to start sH tha sn bsen Sb
Ss There IS iittio question that the bonds viii
DO taken with ayidity. ior Secretary white
lions he had received from steckholders indi.
Gated that the possessors Of four.iifths Of the
stock were willing to stanu a ten per cent as
The time, Of the meeting was principally de,
a little attention. F; 4. Abel VINO hSlds 5000
his opinion the clubs affairs had been we'll
managed. and the latter replied that he vas
unable to give an answer. as he had not h had
had BEEN in the hands i Q, Nj. Day Mi: Xb.ii
asked each stockholder In the room what hs
Mr. Bay and said he th.r.
ass age but he had direstsd the AFFAIRS Of the
club to the best Of his ability. and with an eye
single to the success OF the organization. How
ever. II there was any dissatisfaction he was
quite wiling to retire. proyidine either Mr.
Both Messrs. Taicott and McAlpin have
perem ptorly refused to accept the Presidenc
1t has been limited that G. D. White would DO
business engagements will not permit OF It.
II the heavy stock owners, have any man In
view they refuse to divulge his name. In some
quarters it is believed that Manager Powers
will be elected President and manager. after
the manner OF Buck enberger at Pittsburgh.
During q lull in the proceedings Mr.. Abell
took occasion to lament the scarcity Of man
This brought O'Rourko to tho front with q
query,
Viii you not admit. Mr.. Abell." said New
lork ks former left Holder. that under the IA
voring conditions that have lowered over MIR.
Arson. other players would have achieved tho
same IN measure OF distinctiont'
MIR. Abel did not reply.