Established to capitalize on the then-current mining boom in northern Ontario, it became clear that the town was too small to support major professional ice hockey, and the team left the NHA after its inaugural season.

The TPHL existed as entertainment for the miners in the remote towns of northern Ontario, the teams playthings for the owners to bet extravagantly on.

[1] At the time, mine owners made large wagers on the play of the teams in the league and O'Brien could afford to entice players to break contracts and join Haileybury.

Notable players included Alex Currie, Art Ross, Paddy Moran and Skene Ronan.

After the 1910 season, the club's owner, Renfrew mining tycoon Ambrose O'Brien withdrew Haileybury from the NHA.