Very rough shape tears on the top and bottom of a vertical center fold, chipping and more minor tearing to the edges. In 1906 Moonlight graham played for Memphis, unfortunately he didn't make the composite. It's tough to figure what team this actually is. Long time successful major league pitcher Ted Breitenstein is pictured but he only appeared with Memphis in 1902 and 1903. The Picture mentions that the team was 1904 Champs, but with Joe Delahanty (yes one of THOSE Delahantys) pictured it has to be 1903 team as that was his only season with Memphis.