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The hiring of Rickey came after the team was sold by Helene Britton earlier in the month to James C. Jones, who had worked as Mrs. Britton's lawyer. She had been advised to sell the team because she did not have the financial means to turn them into a contender. World War I, as well as, competition from the Federal League helped force Britton's hand. The Cardinals skipper Miller Huggins also attempted to buy the club. However, Jones and future majority owner Sam Breadon moved fast to insure the team would not be moved out of the city.
The investment group paid $375,000 for the team, which would be nearly $7 million today. He rounded up 1200 investors in a rather extraordinary way by allowing them to purchase shares for $25 apiece, with a maximum of $10,000 invested. He added an incentive for stockholders, which was the right to give a season pass to underprivileged youths in the city. That was how the knothole gang was born, and it turned many children into fans of the Cardinals for the rest of their lives.
Jones was not a baseball man, so that led him to asking civic leaders, as well as some local sportswriters who he should hire to run the club. The name that stood above the rest was Branch Rickey. He had played for the Browns and the Yankees from 1905 to 1907. After a bout of tuberculosis knocked him down in 1908, Rickey went onto obtain a degree in law, before returning to St. Louis as an assistant for the Browns in 1912. In 1913, Rickey took over as the Browns manager, and helped the club improve in 1914 by using statistical analysis, as well as forming relationships with his players. The team ended up taking a step back in 1915, which led to him relinquishing his duties as field manager to Fielder Jones. The Browns' new skipper was brought in by the club's new owner Phil Ball, which spelled the beginning of the end Rickey's time with the Browns organization.
When the Cardinals were sold in 1917, Rickey found a new opportunity. Although, he had just been extended by Ball. The Cardinals making a play for him led to a short legal dispute, which was solved with some dollars passing hands before Rickey could move his things into a new office. Once those dollars passed hands a new era began in Cardinal Nation.
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(The newspaper article in the picture above appeared in the St. Joseph Gazette the following day)
If you would like to read more about the life and times of Branch Rickey check out his SABR bio here: http://sabr.org/bioproj/person/6d0ab8f3
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