National League President John Heydler rules that Rogers Hornsby cannot continue to both hold stock in the St. Louis Cardinals and play for the New York Giants

This Day In Baseball

 

On January 31 1927 – National League President John Heydler rules that Rogers Hornsby cannot continue to both hold stock in the St. Louis Cardinals and play for the New York Giants. Seemingly oblivious, the Cards’ board of directors, meeting in St. Louis, votes stockholders a 10% dividend, earning Hornsby $2916 for his 1167 shares.