For first two weeks of the season the team roster was comprised of a few past-their-prime veterans and a large number of semi-pro players. After playing only a handful of league games in those first two weeks, they merged with the Cleveland Nationals an associate team of the NNL. They continued to play mostly semi-pro games during the remainder of May 1923.
They played their last home game on May 28; unable to book any more games in Toledo, OH, they played the remaining six weeks of their existence as a road team before folding on July 12. They had a final league record of 11-18 and were originally managed by Bill Gatewood before the merger; Candy Jim Taylor managed the remainder of the way.
Taylor (.427/.522/.707) was the club's clear star, while Dicta Johnson (5-2, 4.29) was the most reliable pitcher. Taylor hit 20 homers that year, splitting his season between Toledo and the St. Louis Stars, to tie for the league lead with Heavy Johnson, who had won the other two legs of the Triple Crown as well. It would be 16 years until the next Negro League team in the city, the Toledo Crawfords.