The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1915-06-18
FATE Of BASEBALL
HANGS IN BALANCE.
Future Of the Game In This City Dc
ponds Upon Decision of
About Ten Loyal
PLAN TO FINANCE CLUB
Directors Issuing Note. For Enough
Money To Carry Club
Through Rest Of
Season
PLAN TO FINANCE CLUB

The future of baseball in Keokuk
hung in the balance today Upon the
decision of about ten men the matter
rested. The plan adopted by the d.
rectors to refinance the club was on
the all-or-nothing basis.
The Issuance OF notes for sufficient
amount OF money to guarantee base
ball in the city for the remainder OF
the season was the plan adopted. I'm
der this plan contract was drawn,
in which trustee for the total
amount of money to be raised, was ap-
pointed.
The contract stipulates that unless
all Of the amount of money specified
as necessary to run the club the re.
mainder of the season is raised
through the sale of these notes, that
none Of them shall hold good.
Go to Former Contributors.
In selling the notes the directors
have gone to those, men who in the
past have been the largest contrib
utors to the club All of these men
already had made their usual substal-
tial contributions. None OF them felt
it their duty to donate any more mon
.ey to the club but rather than>see
baseball lost to the city number OF
them have agreed to purchase the
notes.
So far about two-thirds of the note
issue has been purchased. The pur-
chase of the other one-third is now
being considered by about ten men.
These ten men have expressed ther'
selves as being in favor Of the plah,
but have asked for longer time to
consider the matter.
~ ! 81 49, Fvr-
ture of the game in keokuk. II any
or all of them refuse to take the notes
the franchise must be forfeited as the
two-thirds of the notes sold would not
be good unless all were sold.
Trustee to Control Funds.
Under the contract in which a trus-
itee for the funds thus to be raised ID
appointed, the money can be appro-
priated for the use OF the club only
at certain times in certain amount'
The contract provides that on each
pay day $500 OF the amount to be
raised by the sale of notes may be
used by the directors in paying sal
aries of the team and manager.
T, At the close OF the season whatev r
money remains in the club treasury
! through the sale of players. the re-
\
league, and through other sources.
shall be paid back to the purchasers
| of the notes.
Club Must Raise $575.
| The contract further provides that
| In addition to the amount to be rails
ed through the sale of notes the base
ball association must secure through
the sale of booster tickets, contribi'
lions from other sources, and other
means. 1915. A crowd of 1000, expect
ed at the double header Sunday on
the Elks booster day, would raise
this amount.
The sale of the players at the close
of the season should amount to muca
more than the amount of the notes
now being issued by the club. -Four
or five players on the club are sure to
be sold for a big price, If they keep
-iup their present gait.
Other players on the club are val
liable men who may or may not o.
sold for substantial amounts, depend.
ling upon the luck of baseball. Other
players may be developed before the
end of the season that would bring In
more money to the club.