New-York tribune., 1922-10-26

y
majority stakeholder and president
The story was TO the effect that
Stcnehsm and McGraw had come into
conflict over the proposed sale aud
that Francis X McQaaae. treasurer Of
the ciub and minor stockhoider, had
lined up behind the manager Of the
Giants in the discussion. The alleged
purchasers were ice Gordon, onetiine
presidents Of the Yankxs under the
Farrell Devery regime. Ad Harry n.
Hampstead, former owner of the Giants,
who was pictured as yearning to get
back into the game again with mis- old
club.
II was said that when Messrs. Stone
ham, McGraw and McQu&de bought the
club In January, 1918, there was an
agreement signed, sealed and delivered
among the trio that no one OF. them
could sell or otherwise dispose of his
stock without the consent of the other
parties. The rumored conflict among
the parties Is based on this clause, in
asmuch as both MeQuade and McGraw
are alleged to have objected strenuous
~ to the sale OF his stock by Stone
sought legal advice on their power 70
block such sale.
Story Improbable on Face
On the face Of it the story seems
improbable, and the Giant officials lost
no time liz issuing q sweeping denial Of
each and every allegation As lar as
they were concerned, the only true
statements in the story were that
Stonebaul, 8ieQuade ard McGraw still
owned the worlds champions. The
,t,rt. 7, t.,,, 4. =
proposition FOR the present owners. and
it would seem that they had no press
ing reason for Wishing to dispose OF
such n profitable investment unleso
matters of "a strictly personal nat are
made it advisable. That last is denied
most emphatieally.
1t might be noted that in the state
ment given out it is said that mir
Stoneham positively states that neither
Mr.. Hampstead nor Mr.. Gordon have
ever approached him in regard to the
sale of all or any part Of his stock"
Mr. Stoneham was directly questioned
about this yesterday. He WAS asked
whether doe Gordon had approached
him about q year or more ago at some
uptown location with an offer to buy
the club. He thought moment and
then said Gordon might have ap-
preached him about it, as others did
from time to time, but if so, he had
forgotten about it. He did not care
TO fatty deny that Gordon had ever
made the offer.
Reading between the lines of the
statement one may find evidence of
some slight friction at least, but it
clearly shows Stoneham and McGraw
are on the same side.
The Giant Statement
The Giant statement follows:
October %, 1922.
BY reason of the inaccurate state
ments contained in to-day's "Sun,"
the National Exhibition Company |
considers it necessary that a true
statement of the facts commented
upon in that article be given.
Some time ago an offer was made |
to Charles A. Stoneham to purchase
the controlling interest in the New |
York Giants. This offer, however, |
has been definitely declined and there
the sale of the Stoneham stock.
The controlling interest - 1870 |
shares Of stock in the National Ex-
hibition Company, which is the cor
poration which operates the, New |
York Giants franchise-is held by |
Charles A. Stoneham and John j. Nc |
Graw. Francis X McQuade, the
treasurer Of the National Exhibition
company, is the owner of seventy |
shares of stock Of the National Ex-
hibttion Company.
he statement in the "Sun" that |
MT. Stoneham became interested in |
the Giants through the efforts of !
Frahcis x. McQuade is incorrect. Mr.. |
stonehani, prior to his purchase in
the Glants, had been a close friend
oi mr. McGraw and also an ardent |
aamirer OF his. When Mr.. McGraw
nao obtained an option for the pur-
cSase OF the controlling interest of |
the Giants he, and no one else. in
GIsssee Mr. Stoneham in the PROPOSE
tion. Mr.. Stoneham stated at the
time that he would like to ro into
Vne venture. but would do Sc only
upol the condition that Mr.. McGraw
would remain as manager of the club.
which MIR. McGraw promised to do
shd IN furtherance of the promise a
NV ny. contract was made with Manager
acoraw extending his period of en-
kc{mene for time agreeable to
ysSan ysM himself and Mr.. Stoneham.
,.g nerc mas never been the slightest
SiHerenee of any kind between
NJ assrs. n MeGraw and Stoneham since
M "a Ssonenam's advent into the cluh
iTere has been no friction IN tha
Arrangements and the affairs hava ai.
ways been administered smoothly.
The statement contained in a,rha
Sun" as to the amount Of tha nmr
enase price in January, 1919. is in.
correct, as are the statements of tha
amounts of money earned bv M
club since the change Of the man
agenent in 1919.
The statement that there has hoe,
material falling off in attendance
curing the last season is likewise
incorrect. The New York Giaafs
broke all records for attendance ass
tabiished on the road during last
season and had larger gross at.
tendance than the club has ever had
before, exceeding the gross attend
ance Of 1921, which was the hiyb
mark up to that time by abant
$4,000.
Mr.. Stoneham positively states
that neither Mr.. Hampstead nor Mr.
Gordon has ever approached him In
regard to all or any part of his stock
In the National Exhibition COMPANY
either directly or indirectly. This
fact car be verified BY both Mr..
Hampstead and Mr Gordon.
Respectfully yours.
s. TAMEc TTrENrsx