How much did Babe Ruth pay the fan who caught his 700th home run?

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According to an article in this past Sunday's New York Times, Ruth paid $20 to the fan who caught his 700th home run ball to secure it's return.

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Babe Ruth 700th home run?  What did Babe Ruth pay a fan for his 700 HR ball?  What home run baseball number did babe Ruth have to pay 20 to a fan to get?