South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-01-24
MEN Of MILLIONS
FIND NEW OUTLET
IN BUYING CLIR5
Four Major Lea e Teams
Bought by Men Who Can
Write Checks with
Six Figures.

NEW YORK. Jan. 24.-The an
nouncement made by Charles
Weeghman that among his partners
In the recently purchased and reor-
gained Chicago National League
Baseball club are J. ogden Armour.
William Wrigley, jr.. in addition TO
one or two other unnamed business
men OF great wealth. calls attention
10 the entry OF fresh millions Of
backing into the big leagues within
the past year.
Four major league clubs have
changed ownership in a little more
than II months and in every case
the buyers are men who have made
large fortunes in other lines of bust
ness and TO whom baseball will al
ways be more Of a sport than a dol
lars and cents proposition. Yet
these men have either made millions
or increased fortunes. left them by
anC ostOrs. through shrewd business
ability and up-to-date efficiency and
they will naturally expect that any
ball club In which they have money
invested viii be conducted along the
same lines.
1t only requires a cursory glance
ar the list OF the new club owners
and the money they have invested
and represent to realize that a new
era is dawning in big league base
ball little more than a year ago
Col. Jacob Rupert, jr., and L. l..
Huston paid about $4,000 for the
Chicago National League club. The
combined wealth of these two men
is over 100000 and they have al
ready demonstrated that they are
willing TO spend big money to secure
proper diamond talent as the recent
purchase Of Lee Magee. at a figure
over $4,000 proves
Half Million for Cubs.
Following the peace agreement
between organized and independent
baseball the Chicago Nationals and
the St Louis Americans changed
hands. Weeghman was the moving
figure in the purchase of the Cubs
and it now develops that Armour.
Wrigley and possibly one other cap
italist are among the stockholders.
Close to half a million was paid for
the Cubs and the combined financial
resources of the new owners is easily
$50, OOO.0 so il can be seen that
the Cubs will have excellent backing
in the future.
Phil. Ball. Otto Stifel and ]. w
Garneau were the announced pur-
chasers Of the St Louis Americans
and the price was given out as SIPS.
600 At least one Of the trio is ur-
derstood TO have the backing of a
millionaire so that II is safe TO set
down the rating of the new owners
as close TO 100000. The sale of
the Boston Nationals to Percy d.
HaughtOn. Arthur G. Wise and 9th
ers for about $500. 900 brings another
group of capitalists and keen bust
ness men in-o baseball with re-
sources placed at close TO $50
600. 600
Negotiations for the change Of
ownership of two other big league
clubs have been underway for some
time and. while the outcome is prob
lematical. both the New York Ma
tionals and the Cleveland Americans
may have new hackers before the
1916 pennant season opens The
Cleveland club is undergoing a hnan-
cial reconstruction ard is on the
market but 10 date the price set is
considered too high by prospective
inves: ors. Pres't Harry Hampstead
OF the New York Giants has set
price for the sale OF the club but al
most "a quarter million dollars sep
arate owners and bidders at this
time.
While Maurice +. Mclaughlin. the
former national tennis champion.
has not announced that he has aban-
doned tennis for golf, the fact that
ne has been playing around Cali
fornia Links has greatly interested
the devotees of golE There is nota-
ing new. however, in this combining
OF the two sports for a number of
famous tennis players have taken up
golf ere this II. l. Doherty. fam
Gus throughout the world for his
racquet skill. has developed into a
golfer OF remarkable ability. other
court experts who play the royal and
ancient game include. William 4.
I.aT-ned. Norman +. Brookes. Cesls
L Wright. y. G. Niles and others
equally well known IN tennis circles.
Boxing as "A sport is rapidly grow
ing In favor at Harvard bu; ia pa. IS
not quite the same punch exhibited
by the crimson boxers as IL.
classmates exhibited on the 100. %
Geld last fall The fact ILL., r.
glove experts are boxing with
ounce mits may account ia part .sr
this state Of AFFAIRS
N0AKLEY SIGNS AGAIN |