Evening Republican, Volume 21, Number 171, Rensselaer, Jasper County, 30 July 1918 — CUBS SPEND MUCH MONEY [ARTICLE]

CUBS SPEND MUCH MONEY

President Weeghman and his partners have spent a world of money to promote the Cubs in Chicago. They paid $500,000 for the franchise in 1916, also $30,000 for players that failed to mhke good. Since last fall the Cub’s owners have spent $50,000 for Alexander and Killifer, sl2, t 000 for Tyler, SIO,OOO for Hollocher and SIO,OOO for Barber. Up to this season the Cubs lost big money in operating expenses, so that when the pennant race began in April it was roughly estimated that the Chicago magnates were at least $700,000 in»the hole. The Cubs, however, are drawing profitable gate receipts at home and abroad this year, and if they remain on top the club’s indebtedness will be considerably reduced.