Charles H. Weeghman, former president of the Federal League Chicago Whales club, agreed to pay $500,000 in cash to Charles P. Taft for the stock the Chicago Cubs of the National League. Weegman, owner of a popular restaurant chain, headed a syndicate including the chewing gum manufacturer William Wrigley Jr., who became a minority stock holder by putting up $50,000. Whales manager Joe Tinker succeeds Roger Bresnahan, and the Cubs will play in the Federal League's newly built ballpark on the North Side, soon to become known as Wrigley Field. Weeghman would become the first to officially allow fans to keep any and all balls hit into the stands.
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