Evening star., 1912-11-22
OPTION FOR F0GEL
Pays $4,000 for Right to Buy
PhilIies by December II.
SYNDICATE SEEMS WARY
Philadelphian Wants $5O0,000 Be-
fore the Big Deal
Crystallizes.

NEW YORK, November o2-In return
for payment of nearly $4,000 Horace
tosel has received renewal of the op-
t1on on the stock of the Philadelphia Ma
tional League club, which expires Decem-
Der IL. Fogel and his friends. who are
virtually interested in the affairs Of the
ciub, paid this money several days ago,
IT IS said, to Charles p. Taft or the lat
terS representative, whom they met at
the Holland House in this city. Fogel
sent circular letter to the other Ma
tonal League club owners asking them
TO postpone the special meeting called for
next tuesday at the Waldorf-AStoria un-
til the regular fall session of the league
scheduled for the day the new option eX
pires. The feet that the league as a
body so far has refused to grant Fogefs
request for more time has placed him on
the defensive although he still Is fight
ing desperately to maintain his existence
in organized base ball.
Having obtained an option from the
Iaft interests, Fogel has been working
tooth and nail TO raise money to buy the
clubs stock and pay outstanding obliga-
tons. But in each instance the sum
asked by Fogel to get the stock. fran
chise and players-Sooo, ,ooo-has been pro-
nounced eXorbitant. WoEld-be syndicates
it was learned yesterday have discovered
that a. j. Reach and the late John l..
rogers after making a fortune with the
Philadelphia club sold it. lock. stock and
barrel, to James Potter for $4,000. Pot
ter subsequently disposed of the same
holdings to Fogel for $4,000. it is stated
yet In spite Of the fact that the club lost
money last year half a million now is
asked, with $4,000 fixed as the price of
the grounds, which the Taft. interests. it
IS said. secured for trifle more than
$2S0.000
1t appears that in rebuilding the ball
park and in completing other plans the
club under the Fosel regime has spent
more than $4,000 According to the in
Taft's agent, a leading Philadelphia
bank official, holds $50 shares of the
clubs stock and several notes as col
lateral for the money paid by Fogel for
the control of the club and other ex-
penses, notes for which were due October
26. FosePs idea in trying to buy the club
for So3OOj0 is to secure the stock and also
redeem his friends notes. If successful
Fogel could re-elect himself president of
the club and force the league to white
wash the charges which will be investi
gated at next Tuesdays meeting.
1t developed yesterday that Roger Bres-
nahan secretly conferred with Fogel in
Philadelphia Monday and Tuesday before
coming here for another oonfab Tuesday
night at the Hotel Somerset. Wednesday,
1t is learned, Bresnahan and Fogel visited
the local offices of a member of syndi-
cate which has been dickering for the
club and grounds for several weeks.
Bresnahan, it is said, expressed a will
ingness to furnish a part of the money
necessary to swing the deal on condition
that Fogel should be retained as presi-
dent, while Fogel. SO the story goes, as
serted that Roger had agreed to sign a
contract as manager of the Philles.
But for some reason the member of the
syndicate declined to entertain the propo-
stion, it is reported whereupon Fogel
and Bresnahan left town together late
Wednesday night. This particular syn
dicate, by the way, is prepared to stand
pat until December II if necessary, when
direct negotiations for the club and
grounds will be opened with the Taft in
terests if Fogel fails to exercise his OPP
ton on that date.
Under these conditions rogel is placed
in an odd position. He is finding it a
hard task TO secure an angel at his own
figures. If the league as a body de-
cdes next Tuesday, after reviewing the
evidence secured by President Lynch.
that Fogel is guilty of making oral and
written statements rejecting upon the
integrity Of Lynch and several umpires,
Fogel may find himself placed outside the
breastworks of organized base ball. In
that event it would be even more difficult
for him to purchase the holdings upon
which he holds a tifteen-thousand-do dollar
option.