For links to other early matches for the US championship, see Game Collection: US Championship matches (meta)

The match conditions were the first player to win seven games would win the match unless both players had won six games. In that event, the winner of nine games would win the match. Stakes were $750 per side, with games on Mondays, Wednesdays, Thursdays, and Saturdays, and two sessions per day.

Showalter was late in arriving for the first game. One spectator joked that Showalter must have stopped in Baltimore to watch a baseball game. When Showalter did arrive, he admitted he was a baseball fan, but he was only late, not watching baseball in Baltimore. Lipschutz did not wish to begin late, so they agreed to begin on the next scheduled day.

The match started slowly, with draws in Games 1-3. After that, things began to go badly for Showalter in what would turn out to be his worst match performance ever. In Game 4, Showalter went after a poisoned pawn with 29...Qxe3 and quickly lost. Showalter let a strong attack slip away in Game 5 and wound up in a lost ending. In Game 6 Showalter played the French. A bystander asked him, <"Don't you feel ashamed to play French?"> Showalter replied, <"Yes, I do, but I can't help it."> Showalter's 26...Bc6? led to the loss of the exchange and he was unable to hold the resulting ending and thus lost the third consecutive game of the match. Showalter won a pawn in Game 7, and won with a fine attack beginning with 32. Bxh6. It would be Showalter's only win of the match. Game 8 was another draw. In Game 9 Showalter blundered a rook in an equal position. Game 10 transposed into a King's Gambit and although Showalter castled on the queenside, he was unable to defend against Lipschutz's attack down the h-file and suffered his fifth loss of the match. Games 11-13 were all draws. Showalter had the better position in Game 13, but was unable to convert it. Showalter also had the better of it in Game 14, but drifted into a lost position. In Game 15, Lipschutz scored his seventh win, ending the match after Showalter blundered with 29. Bxf5?.

Wilhelm Steinitz was quoted as attributing the lopsided result to a combination of Lipschutz managing his time much better than Showalter, who made costly mistakes in time trouble, and unusually stubborn defense, which lured Showalter into unsound attacks <28 May 1892 Daily Standard-Union>.

Lipschutz = = = 1 1 1 0 = 1 1 = = = 1 1 <10.5>

Showalter = = = 0 0 0 1 = 0 0 = = = 0 0 <4.5>

Lipschutz 0 0 0 +1 +2 +3 +2 +2 +3 +4 +4 +4 +4 +5 +6 (+7 -1 =7)