The sun., 1919-01-15
GIANTS SOLD TO
LOCAL COMBINE
syndicate Headed by c. A.
Stoneham Pays 81, 100000
for Control.
NcGRAW AMONG BUYERS
VIII Be Vice-President and
Continue to Manage
Team.
~ FREDERICK G. LIEB.


Tn. New York club Of the National
l.eague operating Manhattan's famous
, baseball team, tina Giants. yesterday
PASSED out OF the hands OF the John r.
brush e-tate. The majority holdings OF
mo stock in the National Exhibition
company were purchased by a syndicate
- local men headed by Charles A. Stone
lam a Broad street curb broker. As
fo-,a,ed with Stoneham are John J. Nc
,iraw world famous manager OF the
Giants. and Judge Francis Y. Mcouade.
p Police Magistrate and one OF Nc
draws most intimate friends.
Under tho reorganization Charles A.
Stoneham succeeds Harry y. Hampstead.
representative Of the Brush estate, as
president Of the club. McGraw 10 the
rev vice-pres!dent but will continue to
manage the club. Judge McQuade sue
,ceds y. Ashley Lloyd. n partner OF the
late John r. Brush. as treasurer of the
organization. John b. Foster remains as
secretary.
The syndicate headed by Stoneham ae-
quired approximately IS per cent. OF the
,lubs stock, for which the price. &C.
cording TO one OF the interested persons,
was sl,35o,00o. This stock had been
held in equal shares by the three Brush
heirs Mrs. John r Brush. Mrs Harr,
y. Hampstead and Miss Natalie Brush.
Harry N. Hampstead, the retiring pres
dent, still retains quite block OF stocl'
In the club. This stock was his personal
holding. n. Ashley Lloyd Of Cinc,n.
natl, the retiring treasurer, also retains
his stock. which consists OF 10 per cent
Of the clubs total.
According to Stoneharn. the new presi.
tsnt the inGi;idual holdings rank as fol
lows: Charles A. Stoneham. John J
NcGraw. the Hampstead Lloyd holdings
Francis X. Mcouade.
The new bord OF directors line up al
follows: Charles A. Stoneham. John ]
M-Graw, Francis Y. McQuade. Ross F.
Rebertson, John Whalen. Horace A.
s,oneham and Leo J. Bundy. Johr
whalen is the only survivor OF the old
board, while Horace A. Stoneham. Rob
erston and Bundy represent the stone
BAN holdings.
Hempstead's Statement.
Harry n. Hampstead, the retiring
president, issued the following state
ment:
This day have. in conjunction
with n. a. Lloyd. co-executor and
trustee CT the estate OF John T. Brush.
L. stoneham. Francis X. McQuade and
John J. McGraw. who will In future.
am sure. keep the Giants thor
ouEhly successful organization.
I have many regrets indeed. but
feel that II was for the better in
terest OF the estate and those de-
pendent upon & TO accept the offer
Of Mr. Stoneham and his associates.
and those associated with me feel the
ha n
for the generous friendship of the
"rans." who have been loyal to the
team in It's many ups and downs un-
De- my control. I want to thank also
the newspaper men. who have been
most kind 70 ma and with a number
OF wrom have formed a close friend
ship.
Il is ntting to say that IN releasing
the club Il continues In the hands
Of Mr. McGraw. who will be advanced
to part ownership in the organization.
and Is one more step of Advancement
for him from tho time a number OF
years ago when he first entered on
his duties to the club. He Is entitled
20 much credit and praise for his I'M
firing efforts for the benefit OF the
club. am stil! much interested in
the club and its success with my asso-
c!stes and myself as unit ] am
The third largest stakeholder In the
organization.
AcGraw Continues ~ Manager.
TIE statement Issued By the new own
ers follows:
The control of the New York Ma
t.onai League Baseball Club. hsreto-
fore held by the Brush estate, has
been purchased outright by New York
interests. consisting OF Charles A..
stoneham. Judge Francis X. McQuade
ard Manager John J. McGraw. Mr..
Sto0eham succeeds Harry z. Hemp
s'ead as president, Judge McQuade
Is the new treasurer and Mr.. Nc
Graw Is vice-president and will. Of
course, continue as manager.
The new owners take posse ssion
with a keen sense OF responsibility TO
THE public OF this city and OF the
entire country. They realize that the
New York ball club IL something
moro than a mere private business
enterprise that in It's playing de-
pertment II belongs largely 70 It's
patrons, and their aim will therefore
be to cater always primarily to their
comfort and wishes.
Mr.. Stoneham, who Is the laEges 81
contributor TO the purchase. Is an ar
dent IAN" OF long standing and II q
great lover of sport for its own sake
Judge McQuade is we'll known TO the
baseball public for his active support
ana assistance to tho game on many
occasions.
Manager McGraw needs no intro
ducton 10 the baseball public OF this
or any other city
Many BIDS for Club.
Negotiations for the sale OF the Giant
lave been on ever since tho signing ,
tho srmistice. Many persons put In bic
for the club. Among them was one b
James Ganney. the former owner OF Il
Boston Nationals and another by Geors
~, Loft Loft contemplated buying a
ne stock held by the Brush estat