The New York Yankees were founded in 1901 as the Baltimore, Maryland franchise in the newly created American League. Known as the Baltimore Orioles in 1901, they were managed by John McGraw. As a result of a feud with league president Ban Johnson, who rigidly enforced rules about rowdyism on the field of play, McGraw resigned and went on to manage the New York Giants in the middle of the 1902 season. A week later the owner of the Giants also gained controlling interest of the Orioles and raided the team for players, after which the league forfeited the team and took control, still intending to move the franchise to New York when and if possible. In January 1903, the American League and National League held a "peace conference" to settle conflicts over player contract disputes and to agree on future cooperation. The National League also agreed that the "junior circuit" could establish a franchise in New York. The American League's Baltimore franchise became the New York franchise when its new owners, Frank Farrell and William Devery, were able to find a ballpark location not blocked by the Giants. Ferrell and Devery both had deep ties into city politics and gambling. Farrell owned a casino and several pool halls, while Devery had served as a blatantly corrupt chief of the New York City police and had only been forced out of the department at the start of 1902. The franchise's first park in New York was located at 165th St. and Broadway in Manhattan. The field was known as Hilltop Park and the team became known as the New York Highlanders. As the Highlanders the team enjoyed success only twice, finishing in second place in the American League in 1904 and 1910, but otherwise much of the next fifteen years was spent in the cellar. From 1913 to 1922 the team played in the Polo Grounds, a park owned by their National League rivals, the Giants. With the change of parks in 1913, the team also officially changed its name to New York Yankees, a name which had been in informal but increasing use for the prior few years. By the mid 1910s, owners Farrell and Devery had become estranged and both were in need of money. At the start of 1915, they sold the team to Colonel Jacob Ruppert and Captain Tillinghast L'Hommedieu Huston. Ruppert was heir to the Ruppert brewery fortune and had also been tied to the Tammany Hall machine, serving as a U.S. Congressman for eight years. Over the next few years the new owners began enlarging the payrolls. Many of the newly acquired players who would later contribute to their success came from the Boston Red Sox. From 1919 to 1922, the Yankees acquired from the Red Sox the pitchers Waite Hoyt, Carl Mays and Herb Pennock; catcher Wally Schang; shortstop Everett Scott; and third baseman Joe Dugan. But the biggest of them all was pitcher-turned-outfielder Babe Ruth in January 1920, in exchange for $125,000 cash and a $300,000 mortgage on the Red Sox's Fenway Park. Other critical newcomers in this period were manager Miller Huggins and general manager Ed Barrow. Huggins was hired in 1919 by Ruppert while Huston was serving in Europe with the army. Barrow came on board after the 1920 season, and like many of the new Yankee players had previously been a part of the Red Sox organization, having managed the team since 1918. Barrow would act as general manager or president of the Yankees for the next 25 years and may deserve the bulk of the credit for the team's success during that period. He was especially noted for development of the Yankees' farm system. In 1923 the Yankees moved into Yankee Stadium at 161st St. and River Avenue in the Bronx. From 1921 to 1928, the Yankees went through their first period of great success, winning six American League pennants and three World Series. In 1921 through 1923 they faced the Giants in the World Series, losing the first two match-ups but turning the tables in 1923. The Yankees entered the 1990s as a last-place team, having spent well but not always wisely on free-agent players since their last appearance in the World Series in 1981. In 1990, Yankee pitcher Andy Hawkins became the first pitcher ever to lose on a game in which he pitched a no-hitter, when he walked 3 men and the center fielder committed an error with bases loaded, scoring the 3 men on base plus the player who hit the ball to the center fielder..