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CarltonHendricksnytere, Have you tried reading the engraving on the trophy with a magnifying glass? What city and state was it found in? A church like that is probably still standing...any churches in the vicinity of where the photo was found that match the windows in the photo?
I believe it's a "C" on their chests, see the link below, and the guy wearing the sweater is probably the coach. I speculate the coach is wearing his lettermans sweater from his playing days, which would indicate he wasn't provided a sweater by the school he was coaching, which would hint at the budget of a high school.
Hey Joe, Looks like a nice ring bat at right of the Cornell..post a photo for us
http://images.google.com/images?sourceid=navclient&ie=UTF-8&rlz=1T4GWYE_enUS266US266&q=old%20english%20fonts&um=1&sa=N&tab=wi