Evening star., 1950-06-19

University from 1880 to 1941
would not comment on the report
but it was understood that terms
have been agreed on and that a
formal announcement is scheduled
later this week.
Jachym could not be reached at
his home or Office in jamestown
where friends of the 31-year-old
former Marine believe there is a
definite possibility that he has, or
will, sell out as Griff1th'S unwel-
come partner.
Griffith said this morning, II
don't know thing about it.
would doubt that 'Jachym would
sell. He's been made several Of
fers, I've heard, and he always
turned them down. On the other
hand, you can't tell"
Transfer Must Be Made Here.
Frederic Ball, Washington law
yer who handled Jachym's pur-
chase of the William E. Richard
son stock last December, also said
he hadn't heard anything of a
sale.
He may have sold his stock
out of town." Ball said, but the
transfer would have to be made
here as it must go on the cor
poration books of the Washing
ton Baseball Club, Inc. I haven't
seen Johnny for two weeks"
A source in Jamestown believes
Jachym may be in Philadelphia
and that wnen and if he sells. he
may join a syndicate and attempt
to purchase the Athletics from
Connie Mack. who has been weigh
ing several offers the last 10 days.
1t is believed that negotiations
between Jachym and Murphy
were carried on in New York and
that transfer of the stock. which
represents approximately 40.4 per
cent of the outstanding shares,
will be conducted with New York
bank.
Received Many Offers.
Gabe Murphy, 46. graduated
from Georgetown in 1880 and re-
ceived his degree from the law
school in 1886. At the time he was
enrolled in the school of law and
serving as graduate manager of
athletics. Hugh A. Grant of Brad
ford, Pa, was a student at the
Hilltop. Grant, a wealthy Gilman
who graduated in 1888, loaned
Jachym approximately $400, 900
with which to purchase the Rich
ardson stock, with the privilege of
buying portion of it. The entire
transaction was said to have in
volved $550.000.
Ball also is said to own several
shares.
After Jachym and Ball walked
into Grifith's Office last Deem
ber 16 and informed the 81-year-
old president of the Mats of their
purchase, Jachym virtually was
beseiged with offers. Griffith,
himself, made the first bid and it
was no secret that he resented
the young man as major part
ner.
Wash B. Williams of Washing
ton also made an abortive bid for
the stock and Jachym likewise
said he refused an offer of $86 a
share relayed by Robert v. Flem-
ing of Riggs National Bank.
Jachym. who paid approximately
$40 share, stated that he would
have cleared something like $780,
900 on his investment.
Snubbed by Griffith.
I'm in baseball to stay"
Jachym said repeatedly.
Jachym was snubbed by Grif-
fifth and the loyal minority stock
holders at the last stockholders
meeting January 3. Although an
experienced farm system man,
having worked for both the Brook
lyn Dodgers and the Detroit
Tigers. he was offered no position
by Griffith. He was forced to set
tie with Balls being named to the
Board Of Directors. only satisfac-
ton he derived from the $500, 900
investment.
Even when the annual dividend
was cut from 81 to 50 share at
the meeting. Jahym was unwor-
ried. "Mr. Grant is not pressing
me for any liquidation of the
loan" he said.