OT: Help with Identifying New Jersey Baseball Team?

[vintagesportflips]

My first thoughts when looking at the photo was also that the FC stood for football club, but fraternal club makes sense too. The reason I thought football club (american football, but I guess soccer is possible as well), was that you can see alot of the players are wearing a long sleeve striped shirt with LYCEUM lettered on the front, under their baseball uniform that is lettered as well. I think this would be odd to wear two different lettered uniforms in layers. My thought was this organization had both football and baseball teams, and perhaps it was an early season cold weather game, so the players wore their football sweaters under their baseball uniforms. Just a guess on my part.