Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-01-24
FRESH MILLIONS
INTRODUCED INTO
NATIONAL CAME
Giants and indians May
Charge Hands Before Sea-
son Opens Boxing Growing
in Favor at Harvard.
70, .o.m.s .ou.-.l s,se,.l ,s.sso ~,.a

fss nossfsa gousssl effcist hnstno HIssi
New York Jan. 2g---1he announce
ment made BY Charles Weeghman that
among his partners in the recently
purchased and reorganized Chicago
National league baseball club are j.
ogden Armour. william Wrigley. Jr"
In addition to one or two other un-
named business men OF great wealth,
calls attention TO 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 twelve months and In every case
the buyers are men who have made
large fortunes In other lines of busl-
ness and 10 whom baseball viii al
ways be- more OF a sport than dol
lara-and-cents proposition. Yet these
men have either made millions or IN
creased fortunes left to them by an
ccstora through shrewd business abiI-
ity and up-to-datc efficiency and they
win naturally expect that any bali
club in which they have money In
vested will he conducted along the
same lines.
II only requires a cursory glance al
the ilnt OF new club owners ana IN"
money they have invested and fep-
resent Ia realize that new era IN
dawnlng In the hig league baseball
little more than year ago Col Jacob
Hupperi, Jr.. and r. l.. Huston paid
abont 100000 for the New YORK
American league club. The combined
wealth of these two men Is over t2b,-
g00, 900 and they have already demon
stratcd that they are willing 10 apend
big money TO secure proper diamond
talent as the recent purchase OF Lee
Magee AT figure over $4,000 proves
Following the peace agreement be-
tween organized and independent
baseball the Chicago Nationals and
the 81. Louis Americans changed
hands. Weeghman WAS the moving
figure In the purchase Of the Cubs and
il now develops thnt Armour. Wrig'
ley and possibly one other capitalist
arc among the stockholders Close TO
half u million was paid for the Cubs
and the combined financial resources
Of the new owners is easily $4,000
000 so II cnn bo seen that the Cubs
will have excellent backing In the fu-
ture.
pm Bali, otto StIfel and J. w. Gar
neau were tho announced purchasers
af the ~. Louis Americans and the
price wns given out ~ shah 900. AZ
least on Of the trio Ia understood 10
have the backing OF q millionaire 80
that Il is safe to set down the rating
1T the new owners as close 10 S,000,-
600. The sale of the Boston Nationals
10 percy y. Haughton. Arthur G. Wise
and Others for about 100000 brings
another group Of capitalists and keen
business men into baseball with re-
sources placed AZ close 10 ss0,000.000,
Negotiations for the change Of own
erahip Of two big league clubs have
been under way for some time and,
while the outcome is rroblematical,
both the New York Nationals and the
Cleveland Americans may have new
hackers before the 1916 pennant sea-
son opens. The Cleveland club is I'M
dergoIng financial reconhtruction
and is on the market but to date the
price set iR considered too hlgh by
prospective investors President Iinr-
ny Hampstead Of the New York Giants
has set a price for the sole Of the cluh
but almost quarter million dollars
separates owners and bidders nj TINS
time.