The Birmingham age-herald., 1912-10-25
CHANGE CAN WELL AFFORD
 TO RETIRE FROM BASEBALL
THE VETERAN MANAGER IS A WEALTHY MAN, HAVING MADE HIS FROM THE GAME-SELLS HIS STOCK IN CLUB

Following the announcement of Presi- dent Murphy of the Chicago Cubs that
 Frank Chance would not be retained as
 manager of the team next season, Chance disposed of the 10 per cent of the Chi- cago clubs stock which he held and the probability is that the veteran manager will retire from baseball Chance is con- sidered a wealthy man, and can well af- ford to retire from business. His stock in the club he states, has been sold to
 Harry Ackerland of Pittsburg for s0,-
 OOo It cost Chance siO.oOO par value, and Is said to have netted him 100 per cent
 each year since he bought 1t several years ago.
 Chance Is one of the comparatively few
 baseball players who have shared as part
 ners in the great prosperity and growth of the national pastirne within the last
 decade. When C. W. Murphy. in the fall of 1905, secured from Charles P. Taft of Cincinnati the money lacking to swing the deal for the purchase of the Cubs, Chance
 secured a 10 per cent interest on the same terms as Murphy secured majority hold ing In 1906 the Cubs won the National league pennant and lost the worlds cham
 pionship 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 10 per cent interest. The amount was made up to him as senti- mental present.
 In 1898, only eight years before, Chance without even minor league reputation,
 joined the Cubs at salary of s1200 a
 year. Now his wealth is estimated at
 si25, 900 aside from his interest in the Cubs
 This sum represents his baseball earn
 ings and dividends and returns from prof
 itable investments in California. When
 Chance became of age the same year he
 joined the Cubs he had legacy of Si5.0o0
 from his fathers estate, but most of this
 was spent before his salary went far
 above the s1200 mark, so his present for
 tune was derived from baseball
 Frank Leroy Chance was born on Sep
 tember g, 1877, at Fresno, Cal. He Is of
 Englsh-Scotch extraction. although both
 parents were American born. His father
 was president of the First National bank
 of Fresno He had four brothers, two
 older and two younger. and one young
 married sister. His mother is still living. In 1911 he was married to Miss Edith Pan cake, his bovhood sweetheart, at Fresno. After the death of his father in 1891 he was sent to Washington college at Irv- ington Cal He was catcher of the col lege nine in 1893. 1894 and 1895, but instead of graduating decided to become a pro- fessionml baseball player. against the wishes of his family, who wanted him to
 become bank clerk Frank was led to this decision by former classmate. Rod Wagner who was manager of a semi professional club at Sullivan, III So in | 1896 he signed with Wagner at a salary of s4o month. Just how much he act ualIy received Frank does not remember. i but 1t was not par on the promise. 1 Inasmuch as his Sullivan experience proved costly to the family, counting rail road fares. his mother objected strongly | to a continuation of baseball as a preca- rious occupation and Chance returned 10 college in 1897. He found time to play
 ball 6n. Saturdays and Sundays on the 1 Fresno team, which was entered in Pa cific coast amateur championship tourna- nent. promoted by San Francisco news