The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1912-10-17
CHANCE
WEALTHY MAN
Cubs Manager Realized 100
Per Cent Annually on
Stock in Chicago Club.

Following The announcement of
President Murphy. of the Chicago
Cubs that Frank l.. Chance would
not manage the team next season,
Chance disposed OF the ten per cen of
the Chicago clubs stock which he held
and. though he still says that he
stands ready TO renew his contract
with Murphy, his action is generally
we'll to baseball. Chance is consider
ed a wealthy man. and can afford to
retire. His stock in the club, he
states, has been sold to Harry Acker-
land of Pittsburgh. for $4,000. 1t
cost Chance $4,000. par value. and it
is said to have netted him 100 per cent
a Year since he bought it several years
ago.
Chance is n of the comparatively
few baseball players who have shared
as partners in the great prosperity and
growth of the national pastime within
the last decade. When c. w. Murphy,
in the fall of 1905. secured from
Charles P. a of Cincinnati the non
purchase of the Cubs, Chance secured
ten per cent interest on the same
terms as Murphy secured a majority
holding.
In 1906 the Cubs won the National
league pennant n lost the worlds
championship to the White Sox. The
club that year practically paid itself
out. Chances share of the profits was
within $50 of the cost of his ten per
cent interest. The amount was made
up to him as a sentimental present.
In 1895, only eight years before,
Chance without even a minor league
Vns,3,foti@p i,;~oI <Lo C,.t- - 80
of $1,000 a "a Now his wealth is
estimated at $4,000, aside from his
interest in the Cubs. This sum repre-
sents his baseball earnings and divi-
dends and returns from profitable in
vestments in California.
When Chance became of age the
same a he Joined the Cubs he had
a legacy from his fathers estate, but
most of this was spent before his sal
ar: went far above the $1,000 mark,
st his present fortune was derived
from baseball.
Starts Playing in College.
Frank Leroy Chance was born on
September 3. 1877, at Fresno, Cal. He
is of Enslish-Seotch extraction, al
though both parents We're American
horn. His father was president of the
First National bank of Fresno. He
had four brothers, two older and two
Younger. and one young married Sis
ter. His mother is still living. In
1861 he was married to Miss Edith
Pancake. his boyhood sweetheart at
Fresno, who was then living i'll Chi
cage.
Chance attended the public schools
in Fresno. After the death OF his
father in 1891 he was sent to Wash
inston college 1t Irvington. Cal. He
was catcher of the college nine in
lSa3~4-o,-but instead Of graduating de-
rided to become a professional base
ball player. against the wishes of his
family. Who wanted hi INTO become a
bank clerk. Frank was led to this de-
cision by Il former ciassmate, Rod
Wagner. who was. manager of IA semi
pro club at Sullivan. Ill. So in 1896
he signed With Wagner at a salary of
$40 a month. Just how much he ac-
tually received. Frank does not remem-
Der, but it was not par on the prom
Use.
Chance probably will retire to Cub
rance at Glendora. Cal, a 26-acre
tract. which produced 1900 boxes Of
oranges this season at Il profit of s12.-
600. The property is valued at $780,
0uU.