I think that with the steady increase in foreign-born players, it will eventually become necessary to increase the number of teams rather than cut it down by a third. I'm also a bit confused by your choices for teams to eliminate, because it seems to be based more on recent performance than anything else.
"Too many pitchers, that's all, there are just too many pitchers Ten or twelve on a team. Don't see how any of them get enough work. Four starting pitchers and one relief man ought to be enough. Pitch 'em every three days and you'd find they'd get control and good, strong arms."