On This Day in Baseball History
12 March 1903 - The New York Highlander franchise (to be renamed Yankees in 1913) is approved as a member of the American League.
UPDATE: And according to MLB.com's History Page:
March 12, 1921 - Commissioner Kenesaw Mountain Landis permanently suspends eight members of the Chicago White Sox for their alleged involvement in the fixing of the 1919 World Series. The eight players are: Eddie Cicotte, Oscar "Happy" Felsch, Arnold "Chick" Gandil, Fred McMullin, Charles "Swede" Risberg, George "Buck" Weaver, Claude "Lefty" Williams and "Shoeless" Joe Jackson.
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