Picking up information from this article, here and there, it shows that Walter Johnson, for instance would have clocked around 100 MPH the way fastballs are measured, today. Actually, he was clocked at 98.X MPH, but that was some number of feet after the baseball's release by one measurement (military) and by another (police motorcycle) it was about the average speed of his entire 60' 6" pitch.
Bob Feller had a similar velocity. Others compared as well.
Fascinating article (with some fun English) from the Scoutee app people: "
The Historic Quest for Speed in Baseball." It also has some very cool embedded video.