Tag Archives: First American National

Vols, Inc.: New Ownership to Save Nashville Baseball, Part 5

Meanwhile, the October 30 edition of the Nashville Tennessean reported that the board of governors of the Nashville Chamber of Commerce had unanimously given its stamp of approval to the new venture.

The resolution closed with “…we hereby give our hearty approval to the efforts of the civic leadership identified with the present movement to assure the continuation of professional baseball for Nashville.”[12]

Murray met with the committee on October 31 to sign documents that would allow for the organization to seek a charter with the Tennessee Secretary of State. It was necessary for the owner to appear before the committee and sign papers believed necessary by attorney Norman before the citizens could proceed with the stock selling plan.

Should the effort fail to raise the goal of $250,000, Murray would continue to own Sulphur Dell and the fixtures, and the league franchise. That it would spell doom for professional baseball in Nashville. Norman expressed that all shares of stock will be sold “within 30 days” but members of the committee thought it would take less time; some of them said less than ten.[12]

Headquarters for the stock sale was the baseball office at Sulphur Dell, with the office being staffed from 9 until 5 each day, Monday through Friday. Someone will be there from 9 until noon on Saturdays.

Six banks agreed to handle sale of the stock, Commerce Union, First American National, Nashville Bank and Trust, Third National, Citizens Savings and Trust, and Broadway National, as did six savings and loan associations, Fidelity Federal, First Federal, Home Federal, Security Federal, Southern Federal, Volunteer Federal, and five mortgage loan companies, First Mortgage, Guaranty Mortgage, Kimbrough-Phillips, Lovell and Malone, and Murphree Mortgage agreed to handle sale of stock.[13]

This is Part 5 of the ongoing story. Read more about the events that led to the sale of the Nashville ball club in 1959 in the next installment.

Note: This Nashville baseball history was presented on Saturday, March 3, 2018 at the 15th annual Southern Association Conference at Rickwood Field in Birmingham, Alabama.

© 2018 by Skip Nipper. All Rights Reserved.

Sources

newspapers.com

[11] “C of C Praises Vols Purchase,” Nashville Tennessean, October 30, 1958, 45.

[12] Williams, 13.

[13] F. M. Williams, “Vol Owner Transfer Hinges on Stock Sale,” Nashville Tennessean, November 1, 1958, 11.

Leave a comment

Filed under History, Research