Sunday, July 13, 2008

The Browns Are Sold (And Then Sold Again)

St. Louis, March 14.-Under the foreclosure of a deed of trust, Sheriff Pohlmann sold at public auction to-day the Sportsman's Park and Club, including the franchise held by the St. Louis Browns, to G.A. Gruner, one of the Directors of the club, for $33,000. Mr. Gruner is Treasurer of the Phil Gruner & Brother Lumber Company. After the sale he said: "I bought the property for the creditors and bondholders." Ramell & Muerch, attorneys for the bondholders, said: "This is a bona fide purchase of the property by the creditors who will probably run the club themselves."
-The New York Times, March 15, 1899

St. Louis, March 17.-Edward C. Becker, a capitalist of this city, has purchased the St. Louis Browns from the creditors who bought the club's assets last Tuesday at Sheriff's sale.
-The New York Times, March 18, 1899

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