George, I'd be happy to hear more about 'Square Club'. I have much other stuff that I've just not posted. For instance, I have a couple of newspaper articles about the club from around 1990, one from the Inky, the other I think the DelCo Times.
It was 1926 when the golf course was sold. I did not photocopy everything I read from the club monthly publications, but I thought I read the price was more like 600k. Anyways.
I also read in one of the monthly pubs that the course was going to be open to the public as a 9 hole course in 1927 until something like August.
MikeC: the club was financed with bonds. The Brookline Square Man articles talked about getting enough of these sold month after month. They went through a couple of presidents in a few years. One of the presidents wrote that the course was sold b/c of financial difficulties of the club.
Another club nearby, very close to Llanarch and PECO, has been mentioned here a few times and Wexler mentions it in Lost Links, calling it the Pennsylvania Golf Club. I believe this course was called, in 1926, the Pennsylvania Railroad Country Club, according to something I read yesterday. I'm working on additional info for this one, and when I have more I'll start another thread. If anybody has stuff to share, please contact me.