At first glance, the 1919 dating seems unusual given the Federal League's 1914-15 existence. However, Baltimore's owners waged a 4-year antitrust battle against Major League Baseball until they finally won their case in April of 1919—one month before the issuing of this 8-1/2" x 11" stock certificate. (The decision was later overturned in 1921-22 because baseball did not constitute "interstate commerce.") Featuring an ornate, elegant design with bright graphics and bold print, the document is VG-EX with minor perimeter wear and a faint pencil notation in the upper right corner. More on our website.
Text reads, in part, "This certifies that Safe Deposit & Trust Co. of Baltimore, trustee under will of Douglas H. Gordon, deceased, etc. is the owner of One hundred & Eighty fully paid and non-assessable shares of the par value of Ten Dollars ($10.00) each of the Preferred Capital Stock of THE FEDERAL BASEBALL CLUB OF BALTIMORE, INC."