A 90-minute organizational meeting to form a new corporation was held on October 27, 1958, by eight men with an interest in securing the team from Ted Murray. Jack Norman headed the meeting, and included Joe Carr, Harold L. Shyer, Eddy Arnold, R. L. “Bob” Coarsey, Dr. Cleo Miller, Joe Sadler, and Herschel Greer. Vols general manager Bill McCarthy and manager Dick Sisler also attended.
Sisler had just completed his second season as manager of the Vols. He led the ball club to a third-place finish in 1957 with an 83-69 record but had fallen to 76-78 and fifth place in 1958, a season which had Jay Hook (13-14, 3.70 ERA) and Jim O’Toole (20-8, 2.44 ERA) on the roster.
It was not a time to make leadership changes even though attendance had fallen by 60,000 from 152,000 to 92,000. McCarthy and Sisler were well-liked in the community and could be counted on to produce ticket sales.
To help ensure that Nashville was still a viable option for Cincinnati and their minor league system, it was McCarthy and Sisler who made a trip to Cincinnati for four-day meetings with Reds management, and on September 17, 1958 McCarthy declared, “No, there is no talk about the possibility Nashville not having a baseball team next season”.
It was in that meeting for thoughts on how to buy out Murray that an idea was hatched to form a new company. If fifty thousand shares of stock could be sold at $5.00 each, $250,000.00 would be raised.
“There will be no stock speculation or fees paid to anyone to sell the stock,” said Norman. “There will be no fees for lawyers or anyone. The $200,000 will be paid to Murray for the real estate and the assets of the ball club and the $50,000 will be used for operating expenses.” .
“Vols, Inc.” was suggested as the name of the new corporation.
This is Part 4 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.
Wright, Marshall D. (2002) “The Southern Association in Baseball, 1885-1961. Jefferson, North Carolina: McFarland & Co., Inc.
 F. M. Williams, “Vols’ Sisler, McCarthy Encouraged After Red Talks on 1959 Prospects,” Nashville Tennessean, September 18, 1958, 23.
 “Baseball Corporation to Sell Shares for $5,” Nashville Tennessean, October 29, 1958, 17.