Edward H. Becker has through his attorney asked the Court to make him a preferred creditor of the club to the amount of $3163.95, balance due him of the $4581.40 advanced by him on Aug. 1 to pay the players' salaries. Trustee Von der Ahe agreed to turn over the gate receipts of his team until Becker was reimbursed for the amount advanced. On Aug. 6 Becker received $301; on Aug 7 (Sunday) $1056.26; on Aug. 8 $60.10 - $1357.35, leaving a balance of $3163.95. Becker alleges that his advance was necessary to prevent the forfeiture of the franchise under the league constitution, requiring the club members to live up [to] their contractural obligations with their players. For this reason he asks that his claim be given priority over all others. Mr. Becker is also a creditor of the club to the amount of $15,000. Mr. Muckenfuss claims that if he is continued in the receivership under the protection of the Courts he will in time discharge all the club's liabilities.
-Sporting Life, August 27, 1898
Also of note, I should point out that there is nothing in all of this about the League guaranteeing the players' salaries. It seems to me that if the players weren't being paid, the franchise would be forfeit. The League, in taking away a club from a bankrupt owner, was probably more interested in protecting the league and its markets rather than getting the players paid. I would assume that the players would simply become one of the creditors of the club and would have to stand in line with the rest in the hope of getting paid. But I can't say for sure, one way or the other, because I don't have enough information.