When occured: 
Wed, 1915-12-22

The Federal League ended its two year war with the two Major Leagues.  The Federal League will go out of existence and the two Major Leagues will become the American League and the National League. The Federal League gets $600,000 for their owners and the right to auction their players to the highest bidder.  Baltimore, while trying to get the Cardinals, initally holds out.  They ultimately agree but defer their claim. 

Read more by The Baseball Page blogger Todayinbaseball:

Federal League Squeezed Out - December 22 1915

Three's a crowd

CINCINNATI, OHIO - The Federal League's attempt at being a third major league came to an end on this date in 1915. The official word was National League, American League and Federal League bosses settled their differences at a meeting in Cincinnati. What in fact happened was the NL and AL flexed their muscles, and the Federal League ceased to exist. The rise and fall of the renegade league also put the wheels in motion to ...  Read More..

Federal League, Major League
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