The New York herald., 1922-10-26
GIANTS NOT TO BE
Sold '--STONEHAM
President of Club Denies Re-
port of Dicker With
Hampstead.
ny DANIEL.


Baseball circles in this city became
quite agitated yesterday over a pub.
lished story to the effect that Charles
A. Stoneham was negotiating 70 sell the
Giants. 1t was said that Harry Hemp
stead. who sold the club to stoneham
and Joseph Gordon. who was associated
with Frank Farrell in the early days
Of the Yankees. had made an offer fol
the Giants and that the deal was abou,
to go through.
Last night Stoneham issued COM
plete denial "The Giants are not fol-
sale and am carrying on no negotia-
tions with Hampstead and Gordon OF
anybody else." said the president of the
club Many persons have come to me
with offers in the last six months. but
have turned all of them down. have
no desire to end my pleasant associa-
ton with the team" An additional
statement was given out by James
Tierney, secretary OF the club. 1t fol-
lows
by reason of the inaccurate state
ments contained in to-day SUN, the Ma
tional Exhibition Company considers II
necessary that true statement of the
facts commented upon in that article
be given.
Some time ago an offer was made
to Charles A. Stoneham 20 purchase
the controlling interest in the New York
Giants. This offer. however, has been
definitely declined and there are no
negotiations now pending for the sale
of the Stoneham stock.
"The controlling interest, 1910 shares
I'LL t.~x,
Company, which is the corporation
which operates the New York Giants
franchise, is held by Charles A. Stone
ham and John j. McGraw. Francis X
McQuade. the treasurer of the National
Exhibition Company, is the owner OF
seventy shares of stock Of the National
Exhibition Company.
THE statement in THE SUN that Mr..
Stoneham became interested in the
Giants through the efforts of Francis
X. McQuade Is incorrect Mr.. Stone
ham, prior to his purchase in the
Giants. had been close friend of Mr.
McGraw and also an ardent admirer OF
bis. When Mr.. McGraw had obtained
an option for the purchase Of the con-
trolling interest of the Giants he. and
no one else. interested Mr. Stoneham
in the proposition.
MT. SloHtnGm Stdttu At tne time
II at he would like to go irto the ven
ture. but would do so only upon the
condition that Mr.. McGraw would re-
main as manager of the club. which
Mr.. McGraw promised to do, and in
furtherance of the promise a new con-
tract was made with Manager McGraw
extending his period of employment
for time agreeable to both himself
and Mr.. Stoneham. Thste has never
been the slightest difference of any kind
between Messrs. McGraw and Stoneham
since Mr. Stonehams advent into the
r.ub. There has been no friction in
the management and the affairs have
always been administered smoothly.
The statement contained in THE SUN
as to the amount of the purchase price
in January. 1919 (S1 ,c00. .090). is In
correct. as are the statements of the
amounts of money earned by the club
since the change of the management
in 1919
The statement that there has been
material falling off in attendance
during the past season is likewise in
correct. The New York Giants broke
all records for attendance established on
the road during last season and had a
larger gross attendance than the club
Z as ever had before, exceeding the gross
attendance OF 1921. which was the high
mark up to that time. by about 5000.
Mr.. Stoneham positively states that
reither Mr. Hampstead nor Mr.. Cor
con have ever approached him in regard
to all or any part of his stock in the
National Exhibition Company either d.
fectly or indirectly. This fact can be
verified by both Mr. Hampstead and
Mr.. Gordon"