Federal Base Ball Club of Baltimore - Maryland Baseball Stock Certificate
Inv# SR1128 Stock
Stock for 5 shares, #108, MD, 1914. Quite rare with custom vignette. Very interesting case involving this team.
Federal Baseball Club v. National League, 259 U.S. 200 (1922), is a case in which the U.S. Supreme Court ruled that the Sherman Antitrust Act did not apply to Major League Baseball.
After the Federal League folded in 1915, most of the Federal League owners had been bought out by owners in the other major leagues, or had been compensated in other ways. For example, the owner of the St. Louis Terriers of the Federal League had been permitted to buy the St. Louis Browns of the American League. The owner of the Baltimore Terrapins had not been compensated, and sued the National League, the American League and other defendants, including several Federal League officials for conspiring to monopolize baseball by destroying the Federal League. In 1919, the defendants were found jointly liable, and damages of $80,000 assessed, which was tripled to $240,000 under the provisions of the Clayton Antitrust Act.
Read more at https://en.wikipedia.org/wiki/Federal_Baseball_Club_v._National_League
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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