Norwich bulletin., 1916-01-19
CUBS WILL HAVE
 EXCELLENT BACKING
Recently Purchased and Re-orsanized by J. Ogden Armour, William Wris- ley, Jr., and Other Wealthy Men.

The announcement made by Charles Weeghman that among his partners in the recently purchased and reorgan- ized 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 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 bus mess and to whom baseball will al- ways be mere of a sport than a dol- lars and cents proposition. Yet these men have either made millions or in creased fortunes, left to them by an- cestors, through shrewd business abil- ity anI uP -to- date efficiency and they will naturally expect that any ball club in which they have money invested will be conducted along the same lines.
 It only requires a cursory glance at the list of the new club owner and the money they have invented and rep resent to realize that new era is dawning in big league baseball. A lit- tie more than year ago Col. Jacob Ruppert, Jr.. and T. l.. Huston paid about s41O,0o0 for the New York Ma tional league club. The combined wealth of these two men is over S25,-  strated that they are willing to spend big money to secure proper diamond talent as the recent purchase of Lee Magee, at a figure over $2o, o,000 proves.
 Following the peace agreement be- tween 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 Av, 0kf, Nff let among the stockholders. Close to half million was paid for the Cubs and the combined financial resources of the new owners Is easily $75,000,o00, so it
 can be seen that the Cubs will have excellent backing in the future.
 Phil Ball, Otto Stifel and J. w. Gar
 neau were the announced purchasers of the St. Louis Americans and the
 price was given out as S525,0 900. At least one of the trio is understood to have the backing of a millionaire so that it is safe to set down the rating of the new owners as close to $5,000.- 900. The sale of the Boston Nationals to Percy D. Haughton, Arthur c. Wise and others for about $500, 0,000, brings
 another group of capitalists and keen
 business men into baseball with re- sources placed at close to $30, ,000, 900. Negotiations for the change of own ership of two other big league clubs
 have been under way for some time anu, WnlI6 Lue OutCOiu6 lS pIODi6u1<l- ical, both the New York Nationals and the Cleveland Americans may have new packers before the 1e16 pennant season opens. The Cleveland club is
 undergoing a financial reconstruction
 and is on the market, but to date the price set is considered too high by prospective investors. President Harry Hampstead of the New York Giants las set a price for the sale of the club, but almost quarter million dol-
 lars separate owners and bidders at this time.
 Having secured one pitcher from | the Federal league in the person of
 Earl Moseley, formerly of the Boston
 Americans. the Cincinnati Reds are now after another, this time a crack | left handler. Heine Schultz, former Yankee southpaw. and last season a
 member of the Buffeds. with the hope | of adding him to the Red roster | Schultz is said to have been the best
 southpaw in the Federal league last season and has an excellent chance to T ~